SOCIAL SERVICE EMPLOYEES UNION LOCAL 371 ADMINISTRATIVE FUND (EIN 132858100) - 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

1973

Legal Domicile

Principal Officer

ANTHONY WELLS

Phone

2127779000

Tax Period

2024-07-01 to 2025-06-30

SOCIAL SERVICE EMPLOYEES UNION LOCAL 371 ADMINISTRATIVE FUND, founded in 1973, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2024. Expenses of $36.9M left a modest 8% surplus.

Mission

TO COLLECT EMPLOYER CONTRIBUTIONS RECEIVED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND THE CITY OF NEW YORK,REMIT THESE CONTRIBUTIONS TO THE UNION'S BENEFIT PLANS, AND TO PAY ALL ADMINISTRATIVE EXPENSES FOR THOSE PLANS.

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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 $37,635,138

Investment Income $1,914,595

Other Revenue $581,617

TOTAL REVENUE $40,131,350

Expense Breakdown

Grants Paid $31,922,169

Salaries & Benefits $2,645,095

Fundraising Expenses $0

Other Expenses $2,376,418

TOTAL EXPENSES $36,943,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,131,350	$39,330,657	+0.0%
Expenses	$36,943,682	$34,341,264	+0.1%
Net Income	$3,187,668	$4,989,393	-0.4%

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

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

Total Directors

$343,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE L BARR	ADMINISTRATOR	10.00		$212,691	$55,388	$270,299
ANTHONY WELLS	Trustee	1.00	Director	$0	$35,872	$255,452
CHRISTOPHER LEAVEY	Controller	10.00		$175,254	$55,538	$230,792
IRIS CLARK	Asc. ADMINISTRATor	10.00		$159,895	$52,338	$212,233
JOSE CASTILLO	COMPUTER/ IT	10.00		$133,876	$59,965	$193,841
NORA BRUCE	Office Manager	10.00		$114,722	$29,661	$144,383
VINCENT CICCARELLO	Trustee	1.00	Director	$0	$0	$46,055
ARMENTA WEEKES	Trustee	1.00	Director	$0	$0	$40,118
ROMANIA GRIFFIN	Trustee	1.00	Director	$0	$0	$885
EDNA MAYO-THOMPSON	Trustee	1.00	Director	$0	$0	$825
Eduardo Rufino	Trustee	1.00	Director	$0	$0	$0
ALICIA NELSON	Trustee	1.00	Director	$0	$0	$0

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	$40,131,350	$36,943,682	$84,209,534	$3,187,668
2024	$39,330,657	$34,341,264	$79,668,593	$4,989,393
2023	$36,172,763	$33,040,743	$73,282,277	$3,132,020
2022	$40,912,693	$33,579,066	$61,499,555	$7,333,627
2021	$40,798,246	$33,683,622	$57,049,044	$7,114,624
2020	$43,718,114	$30,895,117	$49,006,135	$12,822,997
2019	$41,455,582	$29,975,058	$35,099,303	$11,480,524
2018	$36,144,887	$26,884,303	$23,730,800	$9,260,584

SOCIAL SERVICE EMPLOYEES UNION LOCAL 371 ADMINISTRATIVE FUND