BD OF TRUSTEES BCTGM LOCAL 53 HEALTH BENEFITS FUND

EIN: 111782177

CLIFTON, NJ

Total Revenue
$35,806,713
Total Expenses
$31,664,901
Total Assets
$29,710,352
Net Assets
$28,647,076
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NJ
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

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL, HOSPITAL, DENTAL, PRESCRIPTION DRUG, LIFE AND DISABILITY, AS WELL AS DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

THE FUND PROVIDES MEDICAL, HOSPITAL, DENTAL, PRESCRIPTION DRUG, LIFE AND DISABILITY, AS WELL AS DEATH BENEFITS TO 1,573 PARTICIPANTS AND THEIR DEPENDENTS.

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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%)

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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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
2
Employees
3
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
0
$0
Total Directors
6
$505,985
Key Employees
0
$0
Highest Compensated
0
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
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