LOCAL 891 IUOE SCHOOL CUSTODIAN AND SCHOOL CUSTODIAN ENGINEERS WELFARE FUND (EIN 133015202) - 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

1969

Legal Domicile

Principal Officer

RICHARD GORGOGLIONE

Phone

7184559731

Tax Period

2024-01-01 to 2024-12-31

LOCAL 891 IUOE SCHOOL CUSTODIAN AND SCHOOL CUSTODIAN ENGINEERS WELFARE FUND, founded in 1969, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Net assets of $7.3M represent 32 months of operating reserves.

Mission

TO PROVIDE WELFARE BENEFITS TO ELIGIBLE 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 $2,388,109

Investment Income $328,007

Other Revenue $0

TOTAL REVENUE $2,716,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $254,150

TOTAL EXPENSES $2,894,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,716,116	$2,580,743	+0.1%
Expenses	$2,894,567	$2,971,840	0.0%
Net Income	$-178,451	$-391,097	-0.5%

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

$143,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GORGOGLIONE	TRUSTEE	30.00	Director	$45,023	$0	$45,023
ROBERT J TROELLER	TRUSTEE	10.00	Director	$45,875	$8,058	$53,933
ADELE A MCGREAL	TRUSTEE	5.00	Director	$0	$0	$0
FRANCIS J BYRNE	TRUSTEE	5.00	Director	$45,023	$0	$45,023
JOSE A PEREZ	TRUSTEE	5.00	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
2024	$2,716,116	$2,894,567	$7,441,830	$-178,451
2023	$2,580,743	$2,971,840	$7,574,563	$-391,097
2022	$2,887,112	$2,791,159	$7,631,362	$95,953
2021	$2,941,131	$2,542,612	$8,391,163	$398,519
2020	$2,687,586	$2,529,366	$7,847,587	$158,220
2019	$2,801,188	$2,678,842	$7,443,036	$122,346
2018	$2,792,816	$2,323,559	$6,943,592	$469,257

LOCAL 891 IUOE SCHOOL CUSTODIAN AND SCHOOL CUSTODIAN ENGINEERS WELFARE FUND