DISTRICT COUNCIL 37 HEALTH & SECURITY PLAN TRUST (EIN 136209963) - 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

WILLIAM BIFULCO

Phone

2128151345

Tax Period

2024-07-01 to 2025-06-30

DISTRICT COUNCIL 37 HEALTH & SECURITY PLAN TRUST, founded in 1966, is a major nonprofit that reported $238.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE SUPPLEMENTAL HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $238,713,593

Investment Income $218,662

Other Revenue $0

TOTAL REVENUE $238,932,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,214,651

Fundraising Expenses $0

Other Expenses $10,950,643

TOTAL EXPENSES $238,932,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,932,255	$219,026,304	+0.1%
Expenses	$238,932,255	$219,026,304	+0.1%
Net Income	$0	$0	N/A

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

320

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

$723,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAHMILA EDWARDS	TRUSTEE	5.00	Director	$0	$0	$0
MAF MISBAH UDDIN	TRUSTEE	5.00	Director	$0	$0	$0
CARMEN CHARLES	TRUSTEE	5.00	Director	$0	$0	$0
PETER STEIN - THRU 1224	TRUSTEE	5.00	Director	$0	$0	$0
JEFF OSHINS - THRU 924	TRUSTEE	5.00	Director	$0	$0	$0
JUAN FERNANDEZ - THRU 225	TRUSTEE	5.00	Director	$0	$0	$0
ANN WIDGER	TRUSTEE	5.00	Director	$0	$0	$0
VINCENT VARIALE - EFF 325	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD KOWALCZYK - EFF 325	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM BIFULCO	FUND ADMINISTRATOR	30.00	Officer	$306,760	$93,590	$400,350
JODI P GOLDMAN	ASSOC ADMINISTRATOR	5.00	Officer	$260,382	$62,628	$323,010
WILLIAM WHALEN	DIR/CHIEF COUNSEL	35.00	Highest	$242,269	$61,292	$303,561
JACQUELINE FRANCIS	ASSOC DIRECTOR	35.00	Highest	$197,635	$69,202	$266,837
JOSEPH PAOLOZZI III	DIRECTOR OF OPERATIONS	35.00	Highest	$217,858	$55,683	$273,541
SHELDON BARASCH	SUPERVISING ATTY	35.00	Highest	$202,707	$54,991	$257,698
MAGALY MENDEZ-BRAVO	CONTROLLER	24.00	Highest	$217,757	$74,996	$292,753
YVETTE CHARMANT - THRU 524	FORMER CONTROLLER	24.00		$123,809	$26,488	$196,509

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
2025	$238,932,255	$238,932,255	$78,998,748	No data
2024	$219,026,304	$219,026,304	$108,497,588	No data
2023	$224,972,090	$224,972,090	$93,870,050	No data
2022	$231,691,750	$231,691,750	$93,475,022	No data
2021	$237,327,714	$237,327,714	$81,563,603	No data
2020	$222,417,426	$222,417,426	$78,413,248	No data
2019	$224,411,116	$224,411,116	$72,072,870	No data
2018	$234,117,443	$234,117,443	$73,355,594	No data

DISTRICT COUNCIL 37 HEALTH & SECURITY PLAN TRUST