LOCAL 812 HEALTH FUND (EIN 136162404) - 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

1945

Legal Domicile

Principal Officer

JOSEPH G VITTA

Phone

5163031455

Tax Period

2023-01-01 to 2023-12-31

LOCAL 812 HEALTH FUND, founded in 1945, is a mid-sized nonprofit that reported $50.0M in total revenue in fiscal year 2023. Expenses of $45.6M left a modest 9% surplus.

Mission

TO PROVIDE HOSPITALIZATION, DRUG, DENTAL, LIFE, VISION, DISABILITY AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND COVERED DEPENDENTS.

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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 $49,545,643

Investment Income $452,142

Other Revenue $0

TOTAL REVENUE $49,997,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,531

Fundraising Expenses $0

Other Expenses $820,418

TOTAL EXPENSES $45,571,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,997,785	$50,895,093	0.0%
Expenses	$45,571,468	$58,069,588	-0.2%
Net Income	$4,426,317	$-7,174,495	-1.6%

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

N/A

Employees

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

$1,007,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH VITTA	TRUSTEE	5.00	Director	$0	$39,522	$242,206
ANGEL MARTINEZ	TRUSTEE	5.00	Director	$0	$39,557	$193,951
JOHN VISCONTI	TRUSTEE	5.00	Director	$0	$39,522	$200,539
MARK POOLER	TRUSTEE	5.00	Director	$0	$39,487	$172,679
JEFF KNATZ	TRUSTEE	5.00	Director	$0	$39,522	$198,173

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	$49,997,785	$45,571,468	$12,829,281	$4,426,317
2022	$50,895,093	$58,069,588	$16,022,386	$-7,174,495
2021	$46,382,679	$60,015,173	$20,755,527	$-13,632,494
2020	$47,799,971	$58,529,453	$27,851,787	$-10,729,482
2019	$49,723,749	$57,426,519	$30,883,962	$-7,702,770
2018	$55,549,121	$57,680,855	$36,521,797	$-2,131,734

LOCAL 812 HEALTH FUND