LOCAL 888 HEALTH FUND (EIN 131564856) - 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

1958

Legal Domicile

Principal Officer

ROSALBA PEREZ

Phone

9732504693

Tax Period

2023-01-01 to 2023-12-31

LOCAL 888 HEALTH FUND, founded in 1958, is a mid-sized nonprofit that reported $20.2M in total revenue in fiscal year 2023. Expenses of $24.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,785,411

Investment Income $712,028

Other Revenue $669,330

TOTAL REVENUE $20,166,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,527,548

Fundraising Expenses $0

Other Expenses $2,587,749

TOTAL EXPENSES $24,696,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,166,769	$20,838,421	0.0%
Expenses	$24,696,740	$24,713,644	0.0%
Net Income	$-4,529,971	$-3,875,223	+0.2%

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

$391,374

Total Directors

$881,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN-JOSEPH BRUNY	UNION TRUSTEE	5.00	Director	$0	$40,617	$538,928
AJAY BORZONI	UNION TRUSTEE	1.00	Director	$0	$28,938	$192,169
ABNER RIVERA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FELIX BURGOS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MARSHALL PARIS	UNION TRUSTEE	35.00	Director	$0	$31,192	$150,019
ROSALBA PEREZ	FUND ADMINISTRATOR	20.00	Officer	$367,577	$23,797	$391,374

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
2024	No data	No data	No data	No data
2023	$20,166,769	$24,696,740	$20,679,963	$-4,529,971
2022	$20,838,421	$24,713,644	$23,848,196	$-3,875,223
2021	$22,426,768	$21,023,335	$30,052,687	$1,403,433
2020	$23,037,916	$20,257,364	$30,014,950	$2,780,552
2019	$22,670,071	$24,605,157	$30,557,581	$-1,935,086
2018	$21,611,194	$21,296,394	$28,168,725	$314,800

LOCAL 888 HEALTH FUND