BAKERY DRIVERS LOCAL 550 AND INDUSTRY HEALTH BENEFITS FUND (EIN 135623780) - 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

1953

Legal Domicile

Principal Officer

DEMOS P DEMOPOULOS

Phone

5167476884

Tax Period

2020-11-01 to 2021-10-31

BAKERY DRIVERS LOCAL 550 AND INDUSTRY HEALTH BENEFITS FUND, founded in 1953, is a small nonprofit that reported $115K in total revenue in fiscal year 2020. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $714K exceeded revenue, resulting in a 523% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL REIMBURSEMENT,DENTAL, OPTICAL,DEATH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT AND DISABILITY INCOME 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $110,342

Investment Income $0

Other Revenue $4,292

TOTAL REVENUE $114,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,799

Fundraising Expenses $0

Other Expenses $605,061

TOTAL EXPENSES $714,196

Year-over-Year Comparison

	2020	2019	Change
Revenue	$114,634	$757,461	-0.8%
Expenses	$714,196	$508,548	+0.4%
Net Income	$-599,562	$248,913	-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

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

$166,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MCGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SPINELLI	TRUSTEE	1.00	Director	$0	$0	$0
DEMOS P DEMOPOULOS	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP PATURZO	TRUSTEE	1.00	Director	$0	$0	$0
LOU MINELLA	TRUSTEE	1.00	Director	$0	$0	$0
CAMILLE LUISI	FUND ADMINISTRATOR	37.50	Officer	$126,923	$39,772	$166,695

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
2021	$114,634	$714,196	$638,863	$-599,562
2021	No data	$598,706	No data	No data
2020	$757,461	$508,548	$1,252,143	$248,913
2019	$736,013	$488,302	$1,003,162	$247,711
2018	$691,778	$537,671	$758,072	$154,107

BAKERY DRIVERS LOCAL 550 AND INDUSTRY HEALTH BENEFITS FUND