BENEFITS FUND OF MUTUAL AID ASSOC LOCAL 628 (EIN 132991228) - 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

1970

Legal Domicile

Principal Officer

GEORGE ROCHA

Phone

9144761200

Tax Period

2023-01-01 to 2023-12-31

BENEFITS FUND OF MUTUAL AID ASSOC LOCAL 628, founded in 1970, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 6% surplus.

Mission

TO PROVIDE BENEFITS TO MEMBERS OF THE ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,158,190

Investment Income $43,740

Other Revenue $0

TOTAL REVENUE $1,201,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $937,118

Other Expenses $187,934

TOTAL EXPENSES $1,125,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,201,930	$1,097,489	+0.1%
Expenses	$1,125,052	$1,368,068	-0.2%
Net Income	$76,878	$-270,579	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVANTE LAYNE	TRUSTEE	8.00	Director	$0	$0	$0
NICOLAS PIPERIS	TRUSTEE	8.00	Director	$0	$0	$0
ANGELO ROXAS	TRUSTEE	8.00	Director	$0	$0	$0
DEVON CHISHOLM	RECORDING SE	8.00	Officer	$0	$0	$0
DEL FERNANDEZ	TREASURER	10.00	Officer	$0	$0	$0
STEVEN PHILP	VICE PRESIDE	8.00	Officer	$0	$0	$0
GEORGE ROCHA	PRESIDENT	40.00	Officer	$0	$0	$0
KEVIN TEAGUE	FINANCIAL SE	8.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,201,930	$1,125,052	$2,376,935	$76,878
2022	$1,097,489	$1,368,068	$2,205,490	$-270,579
2021	$952,145	$1,067,698	$2,476,057	$-115,553
2020	$1,004,662	$931,196	$2,591,610	$73,466
2019	$949,768	$1,066,116	$2,518,144	$-116,348
2018	$974,654	$1,217,089	$2,634,492	$-242,435

BENEFITS FUND OF MUTUAL AID ASSOC LOCAL 628