DISTRICT COUNCIL 37 - LOCAL 389 HOME- CARE EMPLOYEES HEALTH AND WELFARE FUND (EIN 133505523) - 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

1989

Legal Domicile

Principal Officer

JAHMILA EDWARDS

Phone

2129256033

Tax Period

2023-01-01 to 2023-12-31

DISTRICT COUNCIL 37 - LOCAL 389 HOME- CARE EMPLOYEES HEALTH AND WELFARE FUND, founded in 1989, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Expenses of $5.2M left a modest 14% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO DISTRICT COUNCIL 37 - LOCAL 389 MEMBERS AND DEPENDENTS

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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 $4,854,498

Investment Income $1,209,801

Other Revenue $233

TOTAL REVENUE $6,064,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $560,895

Fundraising Expenses $0

Other Expenses $586,278

TOTAL EXPENSES $5,242,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,064,532	$5,742,216	+0.1%
Expenses	$5,242,029	$7,148,953	-0.3%
Net Income	$822,503	$-1,406,737	-1.6%

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

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

$1,368,291

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANA GOYKHBERG	TRUSTEE	5.00	Director	$0	$28,369	$194,946
FLORETHA SCANTLEBURY	TRUSTEE	5.00	Director	$0	$17,773	$163,564
JAHMILA EDWARDS	TRUSTEE	5.00	Director	$0	$1,473	$230,243
MARK PARAUDA	TRUSTEE	5.00	Director	$0	$0	$202,239
AMY KADLUB	TRUSTEE	5.00	Director	$0	$1,473	$188,909
ERICA GRAY-NELSON	TRUSTEE	5.00	Director	$0	$1,473	$187,808
MARGARET GLOVER	TRUSTEE	5.00	Director	$0	$0	$0
BABARA EDMONDS	TRUSTEE	5.00	Director	$0	$1,473	$200,582

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	$6,064,532	$5,242,029	$21,942,172	$822,503
2022	$5,742,216	$7,148,953	$21,796,204	$-1,406,737
2021	$6,601,862	$6,345,282	$25,845,486	$256,580
2020	$8,514,509	$7,903,248	$25,697,536	$611,261
2019	$9,490,553	$9,074,097	$24,883,995	$416,456
2018	$12,617,781	$14,124,618	$23,613,922	$-1,506,837

DISTRICT COUNCIL 37 - LOCAL 389 HOME- CARE EMPLOYEES HEALTH AND WELFARE FUND