LOCAL 444 SANITATION OFFICERS RETIREES WELFARE FUND (EIN 132854090) - 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

1962

Legal Domicile

Phone

7188379832

Tax Period

2024-01-01 to 2024-12-31

LOCAL 444 SANITATION OFFICERS RETIREES WELFARE FUND, founded in 1962, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 46% operating deficit.

Mission

To provide health and other benefits to covered participants.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,662,906

Investment Income $560,673

Other Revenue $0

TOTAL REVENUE $3,223,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $237,871

TOTAL EXPENSES $4,703,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,223,579	$2,227,232	+0.4%
Expenses	$4,703,468	$4,492,444	+0.0%
Net Income	$-1,479,889	$-2,265,212	-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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

$588,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MANNION	Trustee	3.00	Director	$0	$21,206	$160,609
ANTHONY NAPOLITANO	Trustee	3.00	Director	$0	$14,296	$108,254
JAMES MINORE	Trustee	3.00	Director	$0	$14,296	$106,534
MARK STANZIONE	Trustee	3.00	Director	$0	$14,296	$106,534
DOMENICO MISTRETTA	Trustee	3.00	Director	$0	$14,296	$106,534

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	$3,223,579	$4,703,468	$8,445,711	$-1,479,889
2023	$2,227,232	$4,492,444	$10,253,793	$-2,265,212
2022	$-499,308	$4,585,414	$11,138,985	$-5,084,722
2021	$4,659,889	$4,642,896	$17,208,402	$16,993
2020	$4,140,728	$4,195,974	$17,970,539	$-55,246
2019	$4,237,023	$3,984,265	$18,056,417	$252,758
2018	$4,119,520	$4,023,514	$16,263,868	$96,006

LOCAL 444 SANITATION OFFICERS RETIREES WELFARE FUND