BD OF TRUSTEES BCTGM LOCAL 53 HEALTH BENEFITS FUND (EIN 111782177) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JARED CUMMINGS

Phone

2019334365

Tax Period

2024-05-01 to 2025-04-30

BD OF TRUSTEES BCTGM LOCAL 53 HEALTH BENEFITS FUND, founded in 1956, is a mid-sized nonprofit that reported $35.8M in total revenue in fiscal year 2024. Expenses of $31.7M left a modest 12% surplus.

Mission

TO PROVIDE FUND PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WITH HEALTH & WELFARE BENEFITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,106,916

Investment Income $654,931

Other Revenue $3,044,866

TOTAL REVENUE $35,806,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,410

Fundraising Expenses $0

Other Expenses $477,994

TOTAL EXPENSES $31,664,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,806,713	$34,652,355	+0.0%
Expenses	$31,664,901	$28,457,792	+0.1%
Net Income	$4,141,812	$6,194,563	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$505,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE ALSTON	TRUSTEE	5.00	Director	$0	$55,088	$159,660
JOSEPH WEINBEL	TRUSTEE	1.00	Director	$0	$55,085	$91,356
JOSEPH RODRIGUEZ	TRUSTEE	1.00	Director	$0	$55,085	$127,483
CALVIN WILLIAMS	TRUSTEE	1.00	Director	$0	$55,088	$127,486
JEANNE CARRIERI	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$35,806,713	$31,664,901	$29,710,352	$4,141,812
2024	$34,652,355	$28,457,792	$24,994,504	$6,194,563
2023	$32,287,094	$26,195,599	$17,873,312	$6,091,495
2022	$30,081,271	$30,535,645	$11,617,146	$-454,374
2021	$26,641,026	$27,766,611	$12,888,113	$-1,125,585
2020	$29,670,817	$29,888,843	$13,635,135	$-218,026
2019	$30,677,527	$31,704,577	$14,432,477	$-1,027,050
2018	$27,283,027	$26,431,758	$15,360,203	$851,269

BD OF TRUSTEES BCTGM LOCAL 53 HEALTH BENEFITS FUND