GROUP INSURANCE FUND LOCAL 381

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

GENEROSO DICHIARA

Phone

5162482662

Tax Period

2024-01-01 to 2024-12-31

GROUP INSURANCE FUND LOCAL 381, founded in 1947, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 95% operating deficit.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,177,698

Investment Income $158,200

Other Revenue $0

TOTAL REVENUE $1,335,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Other Expenses $450,993

TOTAL EXPENSES $2,606,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,335,898	$1,164,118	+0.1%
Expenses	$2,606,900	$1,706,517	+0.5%
Net Income	$-1,271,002	$-542,399	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIA REED - THRU 0924	TRUSTEE/STAFF	8.00	Director	$0	$0	$0
JULI GREY-OWENS	EMPLYR TRUSTEE	1.00	Director	$6,000	$0	$6,000
ALPHONSE FALCO - THRU 824	EMPLYR TRUSTEE	1.00	Director	$4,000	$0	$4,000
MICHAEL VARGAS	TRUSTEE/CONTROL	10.00	Director	$0	$0	$0
GENEROSO DICHIARA	ADMINISTRATOR	13.00	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	$1,335,898	$2,606,900	$7,746,409	$-1,271,002
2023	$1,164,118	$1,706,517	$9,146,994	$-542,399
2022	$1,422,185	$3,079,931	$9,382,327	$-1,657,746
2021	$2,824,759	$3,419,294	$11,719,912	$-594,535
2020	$3,303,375	$3,944,170	$12,359,705	$-640,795
2019	$4,174,914	$4,335,900	$13,046,930	$-160,986
2018	$4,681,345	$4,032,042	$13,015,329	$649,303