LOCAL 966 HEALTH FUND

EIN: 131911036

COLUMBIA, MD

Total Revenue
$4,601,074
Total Expenses
$5,028,484
Total Assets
$759,626
Net Assets
$664,729
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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
1985
Legal Domicile
NJ
Principal Officer
MIKE SMITH
Phone
4108729500
Tax Period
2023-01-01 to 2023-12-31

LOCAL 966 HEALTH FUND, founded in 1985, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023.

Mission

THE HEALTH FUND'S MISSION IS TO DELIVER HEALTH BENEFITS TO ITS MEMBERS AND DEPENDENTS WHICH FURTHER THE COMMON INTERESTS OF THE MEMBERSHIP

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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 $4,596,621
Investment Income $4,453
Other Revenue $0
TOTAL REVENUE $4,601,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,945
Fundraising Expenses $0
Other Expenses $389,952
TOTAL EXPENSES $5,028,484

Year-over-Year Comparison

2023 2022 Change
Revenue $4,601,074 $4,570,760 +0.0%
Expenses $5,028,484 $4,895,886 +0.0%
Net Income $-427,410 $-325,126 +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

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
2
Independent Members
1
Employees
N/A
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
2
$131,708
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ANDERSON UNION TRUSTEE 1.00
Director
$0 $17,124 $119,208
JOHN O'MEARA EMPLOYER TRUSTEE 1.00
Director
$12,500 $0 $12,500
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 $4,601,074 $5,028,484 $759,626 $-427,410
2022 $4,570,760 $4,895,886 $1,281,719 $-325,126
2021 $4,219,384 $4,213,829 $1,478,929 $5,555
2020 $4,180,841 $5,715,740 $1,535,522 $-1,534,899
2019 $4,747,021 $3,286,323 $3,003,256 $1,460,698
2018 $5,040,990 $5,666,390 $1,525,385 $-625,400
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