LOCAL 1102 HEALTH AND BENEFIT FUND

EIN: 131768188 Mutual Benefit

WOODBURY, NY

Total Revenue
$33,417,344
Total Expenses
$30,380,425
Total Assets
$191,645,301
Net Assets
$191,040,622
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NY
Principal Officer
JACK CAFFEY
Phone
5166831102
Tax Period
2025-01-01 to 2025-12-31

LOCAL 1102 HEALTH AND BENEFIT FUND, founded in 1945, is a mid-sized nonprofit in the Mutual Benefit sector that reported $33.4M in total revenue in fiscal year 2025. Expenses of $30.4M left a modest 9% surplus.

Mission

TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG AND OTHER BENEFITS TO ITS PARTICIPANTS AND 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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $25,601,518
Investment Income $7,815,826
Other Revenue $0
TOTAL REVENUE $33,417,344

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,718,003
TOTAL EXPENSES $30,380,425

Year-over-Year Comparison

2025 2024 Change
Revenue $33,417,344 $34,297,053 0.0%
Expenses $30,380,425 $26,694,232 +0.1%
Net Income $3,036,919 $7,602,821 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
1
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
4
$606,192
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY BIENENFELD EMPLOYER TRUSTEE 4.00
Director
$0 $0 $0
FRANCIS BURKE EMPLOYER TRUSTEE 4.00
Director
$0 $0 $0
ROGER GROBSTICH UNION TRUSTEE 4.00
Director
$0 $44,748 $283,531
JACK CAFFEY CHAIRMAN 4.00
Director
$0 $49,464 $322,661
ANGELO CIONE DIR. INTERNAL OPERATIONS 9.00
Highest
$0 $66,757 $344,700
JOHN SLOANE ASST. CONTROLLER 9.00
Highest
$0 $54,190 $246,581
MICHAEL PATANE CONTROLLER 9.00
Highest
$0 $50,011 $212,294
JENNIFER DELEONARDIS FUNDS ADMINISTRATOR 19.00
Highest
$0 $49,944 $213,296
MICHAEL GERBE I.T. MANAGER 16.00
Highest
$0 $49,999 $218,872
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 $33,417,344 $30,380,425 $191,645,301 $3,036,919
2024 $34,297,053 $26,694,232 $173,725,980 $7,602,821
2023 $31,342,972 $26,438,177 $154,670,220 $4,904,795
2022 $29,554,970 $24,537,547 $129,397,476 $5,017,423
2021 $32,030,736 $28,230,046 $153,963,569 $3,800,690
2020 $33,433,922 $26,790,407 $142,392,841 $6,643,515
2019 $34,314,876 $29,259,601 $132,684,194 $5,055,275
2018 $32,359,045 $29,149,674 $114,377,807 $3,209,371
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