1199SEIU NBF FOR HOME CARE EMPLOYEES

EIN: 134129368 Mutual Benefit

NEW YORK, NY

Total Revenue
$176,370,489
Total Expenses
$182,881,124
Total Assets
$145,925,168
Net Assets
$119,021,432
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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
1949
Legal Domicile
NY
Phone
6464736336
Tax Period
2023-01-01 to 2023-12-31

1199SEIU NBF FOR HOME CARE EMPLOYEES, founded in 1949, is a major nonprofit in the Mutual Benefit sector that reported $176.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT.

Program Service Accomplishments

Program 1

THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE...

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THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT. IN 2023 18,013 MEMBERS/PARTICIPANTS RECEIVED HEALTH AND WELFARE BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $173,121,460
Investment Income $3,097,948
Other Revenue $151,081
TOTAL REVENUE $176,370,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,644,656
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,681,130
TOTAL EXPENSES $182,881,124

Year-over-Year Comparison

2023 2022 Change
Revenue $176,370,489 $194,795,490 -0.1%
Expenses $182,881,124 $196,270,003 -0.1%
Net Income $-6,510,635 $-1,474,513 +3.4%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
4
$191,556
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A UNION TRUSTEE 1.0
Director
$0 $0 $0
N/A Executive Director 2.0
Officer
$36,324 $17,582 $53,906
N/A Chief Investments Officer 2.0
Officer
$51,501 $25,583 $77,084
N/A Chief Financial Officer 1.0
Officer
$14,268 $7,158 $21,426
N/A Chief Medical Officer 2.0
Officer
$26,015 $13,125 $39,140
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 $176,370,489 $182,881,124 $145,925,168 $-6,510,635
2022 $194,795,490 $196,270,003 $152,709,836 $-1,474,513
2021 $165,227,602 $206,901,486 $153,233,170 $-41,673,884
2020 $190,388,246 $225,455,122 $201,357,253 $-35,066,876
2019 $203,317,566 $238,586,904 $241,561,521 $-35,269,338
2018 $213,315,370 $218,227,664 $255,616,232 $-4,912,294
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