METRO - ILA FRINGE BENEFIT FUND (EIN 133050863) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

JOSEPH A RAGUSA

Phone

2018420202

Tax Period

2023-01-01 to 2023-12-31

METRO - ILA FRINGE BENEFIT FUND, founded in 1981, is a mid-sized nonprofit that reported $49.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE FRINGE AND WELFARE BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,402,665

Investment Income $841,348

Other Revenue $13,498

TOTAL REVENUE $49,257,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,850

Fundraising Expenses $0

Other Expenses $448,230

TOTAL EXPENSES $48,100,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,257,511	$51,847,270	0.0%
Expenses	$48,100,629	$46,845,626	+0.0%
Net Income	$1,156,882	$5,001,644	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

$592,579

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A RAGUSA	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL DEMEO	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL VIGNERON	TRUSTEE	0.50	Director	$0	$0	$0
FRANK AGOSTA	TRUSTEE	0.50	Director	$0	$0	$0
MARK KIELY	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
JEROME BRANCATO	BENEFIT DIRECTOR	14.00	Key Emp	$251,072	$91,025	$342,097
GEORGE BUENO	PLAN ADMINISTRATOR	12.00	Key Emp	$163,493	$86,989	$250,482

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	$49,257,511	$48,100,629	$73,316,234	$1,156,882
2022	$51,847,270	$46,845,626	$69,477,700	$5,001,644
2021	$55,314,618	$43,441,619	$68,485,499	$11,872,999
2020	$44,495,875	$42,115,202	$60,970,698	$2,380,673
2019	$45,971,698	$41,706,749	$57,233,326	$4,264,949
2018	$41,103,441	$40,926,586	$49,899,763	$176,855

METRO - ILA FRINGE BENEFIT FUND