Basil Castrovinci Associates Inc Welfare Fund

EIN: 136111622

Hopatcong, NJ

Total Revenue
$389,033
Total Expenses
$337,846
Total Assets
$2,280,511
Net Assets
$2,280,511
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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
1974
Legal Domicile
NJ
Principal Officer
Matthew P Castrovinci
Phone
9736013828
Tax Period
2024-01-01 to 2024-12-31

Basil Castrovinci Associates Inc Welfare Fund, founded in 1974, is a small nonprofit that reported $389K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $338K left a modest 13% surplus.

Mission

To provide medical benefits for employees

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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 $161,754
Program Service Revenue $0
Investment Income $227,279
Other Revenue $0
TOTAL REVENUE $389,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $337,846
Other Expenses $0
TOTAL EXPENSES $337,846

Year-over-Year Comparison

2024 2023 Change
Revenue $389,033 $594,574 -0.3%
Expenses $337,846 $306,461 +0.1%
Net Income $51,187 $288,113 -0.8%
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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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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW P CASTROVINCI VP 0.00
Director
$0 $0 $0
N/A Trustee 0.00
Officer
$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 $389,033 $337,846 $2,280,511 $51,187
2023 $594,574 $306,461 $2,229,323 $288,113
2021 $506,650 $317,895 $2,567,322 $188,755
2020 $533,765 $310,242 $2,378,567 $223,523
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