SERGEANTS BENEVOLENT ASSOCIATION HEALTH & WELFARE FUND (EIN 133704948) - 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

1993

Legal Domicile

Principal Officer

VINCENT VALLELONG

Phone

2122262180

Tax Period

2022-07-01 to 2023-06-30

SERGEANTS BENEVOLENT ASSOCIATION HEALTH & WELFARE FUND, founded in 1993, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $23.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL HEATH BENEFITS TO COVERED MEMBERS AND THEIR 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,873,333

Investment Income $551,510

Other Revenue $52,208

TOTAL REVENUE $21,477,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $822,071

Fundraising Expenses $0

Other Expenses $799,605

TOTAL EXPENSES $23,681,684

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,477,051	$28,427,131	-0.2%
Expenses	$23,681,684	$20,582,910	+0.2%
Net Income	$-2,204,633	$7,844,221	-1.3%

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

N/A

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

$301,809

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT VALLELONG	TRUSTEE	5.00	Director	$0	$0	$89,443
EDMUND SMALL	TRUSTEE	5.00	Director	$0	$0	$60,676
MICHAEL PERUGGIA	TRUSTEE	5.00	Director	$0	$0	$30,338
EDWARD GEARY	TRUSTEE	5.00	Director	$0	$0	$30,338
ANTHONY BORELLI	TRUSTEE	5.00	Director	$0	$0	$30,338
DONALD KIPP	TRUSTEE	5.00	Director	$0	$0	$30,338
JOSEPH RICOTTA	TRUSTEE	5.00	Director	$0	$0	$30,338
ERROL OGMAN	BENEFIT FUND MANAGER	38.00	Highest	$124,000	$9,300	$164,300
DENNIS OSTERMANN	CONTROLLER	2.00	Highest	$32,964	$13,186	$232,946

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$21,477,051	$23,681,684	$54,904,022	$-2,204,633
2022	$28,427,131	$20,582,910	$57,930,216	$7,844,221
2021	$24,900,715	$22,390,662	$51,311,862	$2,510,053
2020	$28,134,821	$21,385,912	$45,595,500	$6,748,909
2019	$25,567,745	$23,812,363	$38,161,025	$1,755,382
2018	$24,828,875	$25,682,026	$34,516,507	$-853,151

SERGEANTS BENEVOLENT ASSOCIATION HEALTH & WELFARE FUND