Flushing, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY, founded in 1984, is a mid-sized nonprofit that reported $25.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 23% operating margin.
The Plan has as its principal activities the collection and investment of funds received from electrical and independent employers for the purpose of providing medical and other benefits under the terms of a collective bargaining agreement between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL- CIO ("Local 3") and electrical and independent employers ("Employers").
To provide medical and other benefits to eligible participants.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $24,951,595 | $22,869,897 | +0.1% |
| Expenses | $19,183,208 | $23,821,586 | -0.2% |
| Net Income | $5,768,387 | $-951,689 | -7.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Christopher Erikson | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Thomas Cleary | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Christopher Erikson Jr | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Mitchell Bloomberg | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Annette Diaz Rivera | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jerry Schiff | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Michael Bellovin | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Robert Olenick | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Lance Van Arsdale | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jonathan Lifton | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Isaac Merlos | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Barry Seitles | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Dominick Cutrone | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| RICHARD DUVA JR | TRUSTEE | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $24,951,595 | $19,183,208 | $17,969,652 | $5,768,387 |
| 2022 | $22,869,897 | $23,821,586 | $10,600,010 | $-951,689 |
| 2021 | $17,750,386 | $20,044,507 | $9,453,518 | $-2,294,121 |
| 2020 | $17,587,392 | $21,788,358 | $12,265,326 | $-4,200,966 |
| 2019 | $18,102,806 | $17,414,362 | $16,739,810 | $688,444 |
| 2018 | $18,343,699 | $17,572,491 | $17,239,300 | $771,208 |
Compare HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY with other nonprofits in New York and across the country.