THE LOCAL 223 ESCROW FUND

EIN: 133581120

VALLEY STREAM, NY

Total Revenue
$10,172
Total Expenses
$12,352
Total Assets
N/A
Net Assets
N/A
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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
1960
Legal Domicile
NY
Principal Officer
JOSEPH GIOVINCO
Phone
5168726690
Tax Period
2019-01-01 to 2019-12-31

THE LOCAL 223 ESCROW FUND, founded in 1960, is a micro nonprofit that reported $10K in total revenue in fiscal year 2019. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS FOR UNPAID WAGES, VACATION PAY, HOLIDAY PAY, SEVERANCE PAY, AND UNCOLLECTED CONTRIBUTIONS AND DUES.

Program Service Accomplishments

Program 1

PROVIDING BENEFITS TO PARTICIPANTS FOR UNPAID WAGES, VACATION PAY, SEVERANCE PAY, AND UNCOLLECTED CONTRIBUTIONS AND DUES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,825
Investment Income $6,347
Other Revenue $0
TOTAL REVENUE $10,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,352
TOTAL EXPENSES $12,352

Year-over-Year Comparison

2019 2018 Change
Revenue $10,172 $15,759 -0.4%
Expenses $12,352 $12,586 0.0%
Net Income $-2,180 $3,173 -1.7%
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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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN FELL TRUSTEE 0.50
Director
$0 $0 $0
JOE GIOVINCO TRUSTEE 1.00
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
2019 $10,172 $12,352 No data $-2,180
2018 $15,759 $12,586 $368,646 $3,173
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