TRUSTEES INSURANCE FUND LOCAL 83

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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

1949

Legal Domicile

Principal Officer

ROBERT MONAHAN

Phone

5184897144

Tax Period

2023-01-01 to 2023-12-31

TRUSTEES INSURANCE FUND LOCAL 83, founded in 1949, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Expenses of $5.6M left a modest 10% surplus.

Mission

TO PROVIDE HEALTH INSURANCE TO ITS MEMBERS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE HOSPITALIZATION, MEDICAL, DENTAL, DISABILITY, PRESCRIPTION, VISION CARE, HEARING CARE AND DEATH BENEFITS TO PLAN 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 $5,918,632

Investment Income $305,488

Other Revenue $0

TOTAL REVENUE $6,224,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $561,999

TOTAL EXPENSES $5,572,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,224,120	$6,208,223	+0.0%
Expenses	$5,572,753	$6,077,927	-0.1%
Net Income	$651,367	$130,296	+4.0%

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

N/A

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
CORY RIFENBERICK	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MATTFELD	TRUSTEE	1.00	Director	$0	$0	$0
GERALD JANNICELLI	TRUSTEE	1.00	Director	$0	$0	$0
SID HUDSON	TRUSTEE	1.00	Director	$0	$0	$0
MARK LANDAU	TRUSTEE	1.00	Director	$0	$0	$0
FRANK PRUDHOMME	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	No data	No data	No data	No data
2023	$6,224,120	$5,572,753	$18,672,504	$651,367
2022	$6,208,223	$6,077,927	$17,322,018	$130,296
2021	$7,870,818	$5,913,364	$17,705,622	$1,957,454
2020	$6,991,248	$5,292,091	$15,932,075	$1,699,157
2019	$6,550,875	$5,299,032	$14,476,934	$1,251,843
2018	$6,789,343	$6,199,333	$12,142,534	$590,010