NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND (EIN 131567895) - 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

1946

Legal Domicile

Principal Officer

KEVIN O'BRIEN

Phone

5167752280

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND, founded in 1946, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $21.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBILE PARTICIPANTS HAVING ACHIEVED THE REQUIRED MINIMUM HOURS OF SERVICE IN COVERED EMPLOYEMENT. BENEFITS INCLUDE HOSPITALIZATION, SURGICAL, MAJOR MEDICAL, DENTAL, VISION, PRESCRIPTION DRUGS AND LIFE INSURANCE.

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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 $16,797,931

Investment Income $2,144,249

Other Revenue $222,375

TOTAL REVENUE $19,164,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,461

Fundraising Expenses $0

Other Expenses $885,032

TOTAL EXPENSES $21,175,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,164,555	$20,687,666	-0.1%
Expenses	$21,175,510	$21,049,866	+0.0%
Net Income	$-2,010,955	$-362,200	+4.6%

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

Key Employees

$281,154

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PATTI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SALGO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MITRIONE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SAL DILORENZO	ALT EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW STEVENS	ALT EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DALE ALLEYNE	UNION TRUSTEE	1.00	Director	$0	$0	$0
EDWARD BARBARIA	ALT UNION TRUSTEE	1.00	Director	$0	$0	$0
GINO CASTIGNOLI	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL RENDINA	ALT UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID GENTILLE	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID RAMPONE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PASQUALINO D'ANGELO	UNION TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY PORTER	UNION TRUSTEE	1.00	Director	$0	$0	$0
LISA PARISI	PLAN ADMINISTRATOR	17.00	Key Emp	$107,952	$54,412	$281,154
DIANE FERCHLAND	PEN & CONTRIBUTIONS	17.00	Highest	$63,019	$54,412	$186,777

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	$19,164,555	$21,175,510	$55,060,400	$-2,010,955
2022	$20,687,666	$21,049,866	$53,539,021	$-362,200
2021	$21,960,746	$21,757,486	$63,858,150	$203,260
2020	$22,415,101	$19,176,414	$58,069,295	$3,238,687
2019	$21,911,785	$20,172,450	$52,044,566	$1,739,335
2018	$22,245,358	$18,990,205	$40,125,775	$3,255,153

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND