1199SEIU NATIONAL BENEFIT FUND FOR HEALTH AND HUMAN SERVICE EMPLOYEES

EIN: 131628401 Mutual Benefit

NEW YORK, NY

Total Revenue
$2,193,313,152
Total Expenses
$2,076,897,961
Total Assets
$1,363,364,432
Net Assets
$275,355,012
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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
1949
Legal Domicile
NY
Phone
6464736336
Tax Period
2023-01-01 to 2023-12-31

1199SEIU NATIONAL BENEFIT FUND FOR HEALTH AND HUMAN SERVICE EMPLOYEES, founded in 1949, is a large national nonprofit in the Mutual Benefit sector that reported $2.2B in total revenue in fiscal year 2023. Expenses of $2.1B left a modest 5% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE...

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THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT. IN 2023 156,501 MEMBERS/PARTICIPANTS RECEIVED HEALTH AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,182,620,550
Investment Income $10,545,479
Other Revenue $147,123
TOTAL REVENUE $2,193,313,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,905,470
Fundraising Expenses $0
Program Expenses $0
Other Expenses $48,586,837
TOTAL EXPENSES $2,076,897,961

Year-over-Year Comparison

2023 2022 Change
Revenue $2,193,313,152 $2,066,688,647 +0.1%
Expenses $2,076,897,961 $2,050,014,907 +0.0%
Net Income $116,415,191 $16,673,740 +6.0%
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

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Governance

Voting Members
32
Independent Members
32
Employees
1202
Volunteers
36

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
4
$3,872,726
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee (BEG. 7/23) 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee (End 12/23) 1.0
Director
$0 $0 $0
N/A Employer Trustee (End 11/23) 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee 1.0
Director
$0 $0 $0
N/A Employer Trustee (End 11/23) 1.0
Director
$0 $0 $0
N/A Employer Trustee (END 7/23) 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Union Trustee 1.0
Director
$0 $0 $0
N/A Executive Officer 14.2
Officer
$334,182 $380,972 $1,053,441
N/A Chief Investments Officer 14.2
Officer
$477,757 $571,863 $1,533,246
N/A Chief Financial Officer 11.2
Officer
$120,978 $200,468 $515,993
N/A Chief Medical Officer 14.2
Officer
$242,799 $281,465 $770,046
N/A Chief Benefits Officer 14.2
Highest
$195,121 $223,624 $616,263
N/A Chief Administrative Officer 14.2
Highest
$315,362 $354,846 $989,444
N/A Chief Information Officer 11.2
Highest
$113,185 $152,369 $447,569
N/A Chief Communications Officer 14.2
Highest
$222,248 $247,665 $694,892
N/A Chief General Counsel 14.2
Highest
$155,534 $195,171 $508,150
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 $2,193,313,152 $2,076,897,961 $1,363,364,432 $116,415,191
2022 $2,066,688,647 $2,050,014,907 $1,175,258,857 $16,673,740
2021 $2,058,625,412 $1,998,695,696 $613,514,290 $59,929,716
2020 $1,874,023,277 $1,859,128,845 $592,440,350 $14,894,432
2019 $1,745,371,487 $1,929,348,421 $589,191,076 $-183,976,934
2018 $1,565,102,819 $1,729,619,644 $709,556,249 $-164,516,825
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