SMART LOCAL 137 INSURANCE FUND (EIN 135520944) - 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

1958

Legal Domicile

Phone

7189374514

Tax Period

2024-01-01 to 2024-12-31

SMART LOCAL 137 INSURANCE FUND, founded in 1958, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $15.4M represent 27 months of operating reserves.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $6,475,007

Investment Income $306,312

Other Revenue $4,287

TOTAL REVENUE $6,785,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $627,098

Fundraising Expenses $0

Other Expenses $-28,963

TOTAL EXPENSES $7,308,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,785,606	$7,280,231	-0.1%
Expenses	$7,308,620	$7,124,147	+0.0%
Net Income	$-523,014	$156,084	-4.4%

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

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

$190,327

Total Directors

$2,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BASULTO	FUND ADMINISTRATOR	23.00	Officer	$123,074	$67,253	$190,327
RUSSELL CAPALDO	UNION TRUSTEE	1.00	Director	$1,638	$1,017	$2,655
DANTE DANO JR	UNION TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY FOTIADIS	UNION TRUSTEE	1.00	Director	$0	$0	$0
KEVIN GOING	EMPLYR TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN BRAGOLI	EMPLYR TRUSTEE	1.00	Director	$0	$0	$0
SHANNA PERAS	EMPLYR 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
2024	$6,785,606	$7,308,620	$16,455,111	$-523,014
2023	$7,280,231	$7,124,147	$15,678,557	$156,084
2022	$6,550,369	$7,320,046	$14,718,521	$-769,677
2021	$5,832,220	$6,472,752	$17,314,410	$-640,532
2020	$6,036,464	$5,564,718	$15,973,170	$471,746
2019	$6,163,854	$6,893,761	$15,321,410	$-729,907
2018	$7,739,668	$6,507,321	$14,201,427	$1,232,347

SMART LOCAL 137 INSURANCE FUND