OPEIU BENEFITS FUND (EIN 136110088) - 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

1951

Legal Domicile

Principal Officer

NICHOLAS GALIPEAU

Phone

2127418260

Tax Period

2024-03-01 to 2025-02-28

OPEIU BENEFITS FUND, founded in 1951, is a small nonprofit that reported $570K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $7.0M represent 147 months of operating reserves.

Mission

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES.

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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 $334,335

Investment Income $235,290

Other Revenue $0

TOTAL REVENUE $569,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,752

Fundraising Expenses $0

Other Expenses $314,999

TOTAL EXPENSES $569,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$569,625	$430,069	+0.3%
Expenses	$569,617	$528,176	+0.1%
Net Income	$8	$-98,107	-1.0%

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

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

Total Directors

$1,025,213

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LANIGAN	TRUSTEE	2.00	Director	$0	$138,897	$535,696
NICHOLAS GALIPEAU	TRUSTEE	2.00	Director	$0	$102,395	$274,343
JOHN EDMONDS	TRUSTEE	2.00	Director	$0	$86,534	$215,174
LLOYD GOLDENBERG	TRUSTEE	2.00	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
2025	$569,625	$569,617	$7,097,100	$8
2024	$430,069	$528,176	$7,069,834	$-98,107
2023	$423,361	$710,335	$7,216,918	$-286,974
2022	$400,947	$536,479	$7,558,285	$-135,532
2021	$422,302	$609,097	$7,636,899	$-186,795
2020	$426,065	$766,841	$7,473,669	$-340,776
2019	$464,978	$595,789	$7,613,417	$-130,811
2018	$484,037	$833,754	$7,808,035	$-349,717

OPEIU BENEFITS FUND