DISTRICT COUNCIL 37 LOCAL 95 HEAD START EMPLOYEES WELFARE FUND (EIN 133819669) - 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

1994

Legal Domicile

Principal Officer

LINDA MCPHERSON

Phone

2123340096

Tax Period

2024-01-01 to 2024-12-31

DISTRICT COUNCIL 37 LOCAL 95 HEAD START EMPLOYEES WELFARE FUND, founded in 1994, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.9M, a strong 61% operating margin.

Mission

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THE NEW YORK CITY HEAD START DELEGATE AGENCIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,430,216

Investment Income $9,315

Other Revenue $18,524

TOTAL REVENUE $6,458,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,703

Fundraising Expenses $0

Other Expenses $337,803

TOTAL EXPENSES $2,543,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,458,055	$8,884,840	-0.3%
Expenses	$2,543,792	$13,532,155	-0.8%
Net Income	$3,914,263	$-4,647,315	-1.8%

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

$183,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA MCPHERSON	TRUSTEE	1.00	Director	$0	$0	$0
BEVERLY PERES	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA EDMONDS	TRUSTEE	1.00	Director	$0	$0	$0
JAHMILA EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA CUMMINGS	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA MCCRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
RENEE SUTTON	TRUSTEE	1.00	Director	$0	$0	$0
ANDRE LAKE	TRUSTEE	1.00	Director	$0	$0	$0
RANDY PAUL	FUND ADMINISTRATOR	20.00	Officer	$168,600	$15,131	$183,731

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	$6,458,055	$2,543,792	$2,086,463	$3,914,263
2023	$8,884,840	$13,532,155	$756,340	$-4,647,315
2022	$10,774,111	$12,723,375	$2,543,460	$-1,949,264
2021	$12,747,787	$15,120,648	$3,592,850	$-2,372,861
2020	$13,206,673	$13,468,476	$4,478,233	$-261,803
2019	$13,394,798	$13,526,672	$4,459,229	$-131,874
2018	$13,827,885	$14,388,898	$4,162,751	$-561,013

DISTRICT COUNCIL 37 LOCAL 95 HEAD START EMPLOYEES WELFARE FUND