LOCAL 802 MUSICIANS HEALTH FUND (EIN 136198844) - 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

1966

Legal Domicile

Principal Officer

CHRISTOPHER BROCKMEYER

Phone

2122454802

Tax Period

2023-10-01 to 2024-09-30

LOCAL 802 MUSICIANS HEALTH FUND, founded in 1966, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE 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 $14,401,213

Investment Income $235,606

Other Revenue $850,262

TOTAL REVENUE $15,487,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,886,651

TOTAL EXPENSES $15,544,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,487,081	$14,287,281	+0.1%
Expenses	$15,544,236	$15,375,454	+0.0%
Net Income	$-57,155	$-1,088,173	-0.9%

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

332

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BROCKMEYER	Trustee	2.00	Director	$0	$0	$0
CATHY COZENS	Trustee	2.00	Director	$0	$0	$0
MORRIS KAINUMA	Trustee	2.00	Director	$0	$0	$0
HARVEY MARS	Trustee	2.00	Director	$0	$0	$0
MARTHA HYDE	Trustee	2.00	Director	$0	$0	$0
SARA CUTLER	Trustee	2.00	Director	$0	$0	$0
THOM CLAY	Trustee	2.00	Director	$0	$0	$0
DAVID RICHARDS	Trustee	2.00	Director	$0	$0	$0
Jordan Gatenby	Trustee	2.00	Director	$0	$0	$0
Karen Fisher	Trustee	2.00	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	$15,487,081	$15,544,236	$9,355,204	$-57,155
2023	$14,287,281	$15,375,454	$8,978,417	$-1,088,173
2022	$12,203,110	$10,597,098	$9,292,947	$1,606,012
2021	$10,247,405	$12,933,880	$8,621,573	$-2,686,475
2020	$10,377,663	$13,711,903	$12,490,536	$-3,334,240
2019	$15,142,183	$16,181,596	$16,035,809	$-1,039,413
2018	$14,352,262	$16,804,627	$16,917,374	$-2,452,365

LOCAL 802 MUSICIANS HEALTH FUND