LOCAL 94 94A 94B HEALTH & BENEFIT TRUST FUND IUOE AFL-CIO (EIN 136674743) - 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

1975

Legal Domicile

Phone

2123311800

Tax Period

2024-01-01 to 2024-12-31

LOCAL 94 94A 94B HEALTH & BENEFIT TRUST FUND IUOE AFL-CIO, founded in 1975, is a major nonprofit that reported $231.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $45.8M, a strong 20% operating margin.

Mission

TO PROVIDE HEALTH AND OTHER 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 $204,525,481

Investment Income $27,282,291

Other Revenue $68,831

TOTAL REVENUE $231,876,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,006,755

Fundraising Expenses $0

Other Expenses $3,178,357

TOTAL EXPENSES $186,045,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,876,603	$210,030,138	+0.1%
Expenses	$186,045,728	$175,507,640	+0.1%
Net Income	$45,830,875	$34,522,498	+0.3%

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

$640,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FARANDA	EXECUTIVE DIR.	28.00	Officer	$268,851	$92,622	$361,473
SANDRA CHIN	CFO	34.00	Highest	$204,225	$83,394	$287,619
DEREK DAVIS	FUND ADMIN	40.00	Officer	$196,819	$82,403	$279,222
ANNETTE HASSELL	ASST FUND ADMIN	40.00	Highest	$115,728	$71,210	$186,938
MABEL LAU	BOOKKEEPER	28.00	Highest	$105,217	$69,451	$174,668
KUBA BROWN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HART	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GADALETA	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND MACCO	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD ROTHSCHILD	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HILL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SCHWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN BRENNAN	TRUSTEE	1.00	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	$231,876,603	$186,045,728	$637,263,969	$45,830,875
2023	$210,030,138	$175,507,640	$569,780,531	$34,522,498
2022	$205,903,160	$159,466,229	$483,848,224	$46,436,931
2021	$205,106,745	$154,292,871	$504,706,967	$50,813,874
2020	$176,733,689	$130,222,257	$445,562,615	$46,511,432
2019	$172,182,008	$141,949,041	$370,234,682	$30,232,967
2018	$156,837,777	$133,051,549	$315,504,840	$23,786,228

LOCAL 94 94A 94B HEALTH & BENEFIT TRUST FUND IUOE AFL-CIO