LOCAL 1180 RETIREES BENEFIT FUND (EIN 132974141) - 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

1976

Legal Domicile

Principal Officer

Gloria Middleton

Phone

2129665353

Tax Period

2024-01-01 to 2024-12-31

LOCAL 1180 RETIREES BENEFIT FUND, founded in 1976, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

To provide health and welfare benefits to members covered under the collective bargaining agreement.

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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 $9,935,429

Investment Income $2

Other Revenue $14,778

TOTAL REVENUE $9,950,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $9,950,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,950,209	$7,848,299	+0.3%
Expenses	$9,950,209	$7,848,299	+0.3%
Net Income	$0	N/A	N/A

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

$646,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gloria Middleton	Trustee	10.00	Director	$0	$51,017	$252,979
Teesha Foreman	Trustee	10.00	Director	$0	$55,748	$205,390
Suzanne Beatty	Retiree Director	40.00		$0	$50,131	$181,514
Damien Arnold	Administrator	20.00		$0	$12,672	$166,274
Arthur Cheliotes	Trustee	20.00	Director	$0	$6,483	$74,168
Robin Blair	Trustee	10.00	Director	$0	$13,948	$71,173
Gerald Brown	Trustee	5.00	Director	$0	$7,243	$36,213
Debra Paylor	Trustee	5.00	Director	$0	$895	$6,293

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	$9,950,209	$9,950,209	$2,936,651	No data
2023	$7,848,299	$7,848,299	$3,260,271	No data
2022	$9,708,489	$9,708,489	$4,362,694	No data
2021	$7,982,483	$7,982,483	$4,375,021	No data
2020	$9,088,060	$9,116,427	$4,942,577	$-28,367
2019	$9,633,713	$9,662,080	$4,783,435	$-28,367
2018	$9,639,511	$9,667,878	$4,844,174	$-28,367

LOCAL 1180 RETIREES BENEFIT FUND