LOCAL 475 HEALTH PLAN (EIN 136179467) - 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

1965

Legal Domicile

Phone

9147386555

Tax Period

2024-01-01 to 2024-12-31

LOCAL 475 HEALTH PLAN, founded in 1965, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.6M, a strong 33% operating margin.

Mission

EMPLOYER CONTRIBUTIONS PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS IN THE PLAN.

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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 $7,724,645

Investment Income $323,784

Other Revenue $0

TOTAL REVENUE $8,048,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,264

Fundraising Expenses $0

Other Expenses $904,743

TOTAL EXPENSES $5,402,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,048,429	$8,024,438	+0.0%
Expenses	$5,402,103	$6,077,035	-0.1%
Net Income	$2,646,326	$1,947,403	+0.4%

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

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

$168,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER VAUPEL	FUND ADMINISTRATOR	3.00	Director	$78,197	$12,130	$168,524
NADINE CONSOLATI	TRUSTEE	0.25	Director	$0	$0	$0
EDUARDO MELENDEZ	TRUSTEE	6.00		$11,673	$5,268	$31,329

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	$8,048,429	$5,402,103	$21,721,395	$2,646,326
2023	$8,024,438	$6,077,035	$17,720,882	$1,947,403
2022	$7,193,791	$4,633,052	$14,301,318	$2,560,739
2021	$7,228,742	$6,839,970	$15,003,775	$388,772
2020	$7,179,864	$4,925,494	$12,349,764	$2,254,370
2019	$7,437,795	$5,323,065	$9,276,731	$2,114,730
2018	$5,850,890	$4,790,778	$7,257,900	$1,060,112

LOCAL 475 HEALTH PLAN