LOCAL 342 HEALTH CARE FUND

EIN: 135626340

BOHEMIA, NY

Total Revenue
$26,613,053
Total Expenses
$24,178,138
Total Assets
$10,939,103
Net Assets
$10,561,652
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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
1975
Legal Domicile
NY
Principal Officer
DEBRA DUNN
Phone
5167475980
Tax Period
2024-01-01 to 2024-12-31

LOCAL 342 HEALTH CARE FUND, founded in 1975, is a mid-sized nonprofit that reported $26.6M in total revenue in fiscal year 2024. Expenses of $24.2M left a modest 9% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $26,515,196
Investment Income $97,857
Other Revenue $0
TOTAL REVENUE $26,613,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,642,628
Fundraising Expenses $0
Other Expenses $625,850
TOTAL EXPENSES $24,178,138

Year-over-Year Comparison

2024 2023 Change
Revenue $26,613,053 $25,496,037 +0.0%
Expenses $24,178,138 $20,460,035 +0.2%
Net Income $2,434,915 $5,036,002 -0.5%
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
2
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
2
$470,582
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TENISHA WILLIAMSON UNION TRUSTEE 2.00
Director
$0 $32,795 $217,767
DEBRA DUNN UNION TRUSTEE 2.00
Director
$0 $33,815 $252,815
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 $26,613,053 $24,178,138 $10,939,103 $2,434,915
2023 $25,496,037 $20,460,035 $8,305,802 $5,036,002
2022 $24,051,087 $23,068,625 $3,307,873 $982,462
2021 $23,562,703 $22,528,673 $2,384,291 $1,034,030
2020 $22,507,937 $22,378,524 $1,405,736 $129,413
2019 $22,693,327 $23,064,455 $1,139,301 $-371,128
2018 $20,573,999 $20,477,799 $1,530,231 $96,200
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