DISTRICT 6 HEALTH PLAN C/O AMALGAMATED EMPLOYEE BENEFITS ADMIN (EIN 133449870) - 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

1973

Legal Domicile

Principal Officer

LARRY MAGARIK

Phone

9143675202

Tax Period

2023-09-01 to 2024-08-31

DISTRICT 6 HEALTH PLAN C/O AMALGAMATED EMPLOYEE BENEFITS ADMIN, founded in 1973, is a small nonprofit in the Mutual Benefit sector that reported $368K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $469K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE HEALTH, PRESCRIPTION, & OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

🔒

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 $165,137

Investment Income $202,386

Other Revenue $0

TOTAL REVENUE $367,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $96,034

TOTAL EXPENSES $468,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,523	$559,205	-0.3%
Expenses	$468,929	$407,241	+0.2%
Net Income	$-101,406	$151,964	-1.7%

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

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

$5,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY MAGARIK	INDEP FIDUCIARY	2.00	Director	$5,550	$0	$5,550

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	$367,523	$468,929	$3,616,728	$-101,406
2023	$559,205	$407,241	$3,519,788	$151,964
2022	$451,085	$449,803	$3,638,134	$1,282
2021	$483,701	$457,470	$4,235,038	$26,231
2020	$366,134	$455,494	$4,193,097	$-89,360
2019	$442,978	$496,569	$4,039,563	$-53,591
2018	$547,315	$513,062	$4,105,992	$34,253

DISTRICT 6 HEALTH PLAN C/O AMALGAMATED EMPLOYEE BENEFITS ADMIN