RED HOOK FACULTY ASSOCIATION WELFARE TRUST (EIN 141711741) - 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

1982

Legal Domicile

Principal Officer

KIM L GOLDHIRSCH

Phone

8457582241

Tax Period

2022-07-01 to 2023-06-30

RED HOOK FACULTY ASSOCIATION WELFARE TRUST, founded in 1982, is a small nonprofit that reported $373K in total revenue in fiscal year 2022. Expenses of $334K left a modest 10% surplus.

Mission

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PRIMARILY PROVIDING FOR THE PAYMENT OF VISION, DENTAL AND LEGAL ASSISTANCE TO MEMBERS WHO ARE ASSESSED FEES FOR THEIR MEMBERSHIP AND PARTICIPATION IN THE PLAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $372,252

Program Service Revenue $0

Investment Income $867

Other Revenue $0

TOTAL REVENUE $373,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $331,601

Other Expenses $26,508

TOTAL EXPENSES $333,965

Year-over-Year Comparison

	2022	2021	Change
Revenue	$373,119	$360,170	+0.0%
Expenses	$333,965	$355,187	-0.1%
Net Income	$39,154	$4,983	+6.9%

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

N/A

Volunteers

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
KIM L GOLDHIRSCH	CHAIRPERSONT	2.00	Officer	$0	$0	$0
COLLEEN FLOOD	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER MELITSKI	TRUSTEE	0.50	Director	$0	$0	$0
JULIE BUDD	TRUSTEE	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$373,119	$333,965	$1,181,875	$39,154
2022	$360,170	$355,187	$1,142,721	$4,983
2021	$347,094	$261,922	$1,137,738	$85,172
2020	$356,991	$271,003	$1,052,566	$85,988
2019	$330,004	$286,181	$966,578	$43,823
2018	$318,854	$280,383	$922,755	$38,471

RED HOOK FACULTY ASSOCIATION WELFARE TRUST