LOCAL 6559 HEALTH BENEFIT FUND (EIN 131985696) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

NINA BELLINI

Phone

5168836749

Tax Period

2024-06-01 to 2025-05-31

LOCAL 6559 HEALTH BENEFIT FUND, founded in 1961, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 59% operating margin.

Mission

THE FUND PROVIDES LIFE INSURANCE, HOSPITAL, SURGICAL, DRUG, MEDICAL AND OPTICAL BENEFITS TO ELIGIBLE MEMBERS AND THEIR ELIGIBLE DEPENDENTS, BASED ON CONTRIBUTIONS RECIEVED FROM THEIR EMPLOYERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $472,940

Investment Income $1,226,932

Other Revenue $69,777

TOTAL REVENUE $1,769,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,859

Fundraising Expenses $0

Program Expenses $270,611

Other Expenses $363,585

TOTAL EXPENSES $719,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,769,649	$1,312,367	+0.3%
Expenses	$719,045	$663,797	+0.1%
Net Income	$1,050,604	$648,570	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$353,771

Total Directors

$567,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NINA BELLINI	OFFICER/TRUSTEE	20.00	Officer Director	$172,692	$0	$353,771
ANDREW BELLINI	OFFICER/TRUSTEE	20.00	Director	$0	$0	$214,204

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	$1,769,649	$719,045	$19,653,881	$1,050,604
2024	$1,312,367	$663,797	$18,416,452	$648,570
2023	$1,406,071	$689,500	$16,575,840	$716,571
2022	$1,607,261	$957,021	$15,971,932	$650,240
2021	$1,692,922	$779,441	$17,391,997	$913,481
2020	$1,264,165	$667,680	$15,249,561	$596,485
2019	$1,238,475	$775,718	$13,921,837	$462,757
2018	$1,414,487	$824,527	$13,492,560	$589,960

LOCAL 6559 HEALTH BENEFIT FUND