BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE FUND SHALL BE USED FOR THE EXCLUSIVE PURPOSE OF PROVIDING EITHER ON AN INSURED AND/OR ENTIRELY SELF-INSURED BASIS, HEALTH AND WELFARE BENEFITS WHICH MAY INCLUDE, BUT NOT BE LIMITED TO: LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS, DISABILITY BENEFITS AND HOSPITALIZATION, DENTAL BENEFITS, SURGICAL AND MEDICAL BENEFITS FOR ELIGIBLE EMPLOYEES OF THE EMPLOYER AS WELL AS THEIR FAMILIES AND DEPENDENTS, AS MAY BE DETERMINED FROM TIME TO TIME BY THE BOARD OF TRUSTEES WITHIN THE FISCAL MEANS OF THE TRUST FUND AND FOR THE FINANCING OF THE REASONABLE AND NECESSARY EXPENSES OF THE TRUSTEES AND THE OPERATION AND ADMINISTRATION OF THE FUND, IN ACCORDANCE WITH THE AGREEMENT AND DECLARATION OF TRUST, AND IN COMPLIANCE WITH THE APPLICABLE LAWS AND REGULATIONS.
THE PLAN PROVIDES DENTAL, LIFE INSURANCE, VISION, PRESCRIPTION DRUG AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. NUMBER OF PARTICIPANTS IS 1,539.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LOCAL 891 IUOE SCHOOL CUSTODIAN AND SCHOOL CUSTODIAN ENGINEERS WELFARE FUND with other nonprofits in New York and across the country.