MARBLE INDUSTRY TRUST FUND

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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

1946

Legal Domicile

Principal Officer

MATTHEW GUY

Phone

2125055050

Tax Period

2023-01-01 to 2023-12-31

MARBLE INDUSTRY TRUST FUND, founded in 1946, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $12.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

The Plan was established for the purpose of providing health care and other benefits to eligible employees and retirees covered by collective bargaining agreements.

Program Service Accomplishments

Program 1

PROVIDED HEALTH, WELFARE AND OTHER BENEFITS TO COVERED PLAN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,674,572

Investment Income $133,526

Other Revenue $777,941

TOTAL REVENUE $10,586,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,201

Fundraising Expenses $0

Other Expenses $750,200

TOTAL EXPENSES $12,189,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,586,039	$11,598,678	-0.1%
Expenses	$12,189,989	$11,911,798	+0.0%
Net Income	$-1,603,950	$-313,120	+4.1%

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

124

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

$3,088

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robin Young Tyrrell	Attorney	14.00		$111,994	$34,040	$146,034
Michael Sarosy	Payroll Auditor	14.00		$109,720	$33,858	$143,578
Eleftherios Vouvoudakis	Payroll Auditor	14.00		$121,270	$20,190	$141,460
JESSY TORRES	Trustee	0.00	Director	$1,763	$0	$1,763
MICHAEL GOEDTEL	Trustee (ALT)	1.00	Director	$1,325	$0	$1,325
CHRISTOPHER GUY	Trustee	1.00	Director	$0	$0	$0
JACK CUSUMANO	Trustee	1.00	Director	$0	$0	$0
MATTHEW GUY	Trustee	1.00	Director	$0	$0	$0
James Pena	Past Trustee	1.00	Director	$0	$0	$0
Marco Berardi	Trustee	1.00	Director	$0	$0	$0
Sebastian Virga	Trustee (ALT)	1.00	Director	$0	$0	$0
Frank Mizerik	Trustee	1.00	Director	$0	$0	$0
Mohamed Elkordy	Trustee (ALT)	1.00	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
2024	No data	No data	No data	No data
2023	$10,586,039	$12,189,989	$10,509,359	$-1,603,950
2022	$11,598,678	$11,911,798	$11,911,080	$-313,120
2021	$11,783,392	$14,656,466	$13,533,673	$-2,873,074
2020	$11,317,741	$12,562,696	$16,799,884	$-1,244,955
2019	$15,062,203	$16,165,129	$18,684,437	$-1,102,926
2018	$13,596,650	$11,682,269	$16,633,035	$1,914,381