LOCAL 803 HEALTH & WELFARE FUND (EIN 136604595) - 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

1972

Legal Domicile

Principal Officer

DEMOS DEMOPOULOS

Phone

7182965100

Tax Period

2023-11-01 to 2024-10-31

LOCAL 803 HEALTH & WELFARE FUND, founded in 1972, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $235K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDING HEALTH AND WELFARE BENEFITS TO PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS.

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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 $0

Investment Income $49,147

Other Revenue $157,731

TOTAL REVENUE $206,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,152

Fundraising Expenses $0

Other Expenses $129,507

TOTAL EXPENSES $234,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,878	$159,927	+0.3%
Expenses	$234,659	$226,842	+0.0%
Net Income	$-27,781	$-66,915	-0.6%

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

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

$93,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMOS DEMOPOULOS	TRUSTEE	2.00	Director	$0	$0	$0
SHARIKA GORDON	TRUSTEE	2.00	Director	$0	$0	$0
WIMAL ARIYAWANSA	TRUSTEE	2.00	Director	$0	$0	$0
RALPH BLASI	TRUSTEE	2.00	Director	$0	$0	$0
ANITA SIMONELLI	FUND MANAGER	13.00	Officer	$93,346	$0	$93,346

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	$206,878	$234,659	$1,612,234	$-27,781
2023	$159,927	$226,842	$1,483,188	$-66,915
2022	$150,299	$228,624	$1,534,753	$-78,325
2022	$150,299	$228,624	$1,534,753	$-78,325
2021	$182,350	$259,764	$1,889,791	$-77,414
2020	$792,279	$621,757	$1,899,694	$170,522
2019	$707,907	$698,483	$1,732,244	$9,424
2018	$694,230	$837,911	$1,670,406	$-143,681

LOCAL 803 HEALTH & WELFARE FUND