LABORERS INTERNATIONAL UNION OF NA LOCAL 17 HEALTH BENEFIT FUND (EIN 146022217) - 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

1952

Legal Domicile

Principal Officer

MICHAEL MARTUCCI

Phone

8455656878

Tax Period

2023-01-01 to 2023-12-31

LABORERS INTERNATIONAL UNION OF NA LOCAL 17 HEALTH BENEFIT FUND, founded in 1952, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2023. The organization ran a surplus of $3.2M, a strong 23% operating margin.

Mission

TO PROVIDE HEALTH, VISION, DENTAL, PRESCRIPTION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO MEMBERS.

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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 $13,400,320

Investment Income $559,113

Other Revenue $0

TOTAL REVENUE $13,959,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,915

Fundraising Expenses $0

Other Expenses $1,067,456

TOTAL EXPENSES $10,780,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,959,433	$13,028,049	+0.1%
Expenses	$10,780,199	$11,580,891	-0.1%
Net Income	$3,179,234	$1,447,158	+1.2%

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

$214,001

Total Directors

$921,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L TODD DIORIO	TRUSTEE	2.00	Director	$0	$14,831	$101,531
DEAN TAMBURRI	TRUSTEE	2.00	Director	$0	$126,454	$363,596
JEFF DIORIO	TRUSTEE	2.00	Director	$0	$152,197	$456,186
GENARO A ARGENIO	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MASTROPIETRO	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN DARROW	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MARTUCCI	FUND MANAGER	40.00	Officer	$87,500	$0	$87,500
SCOTT OLIVER	TERM ENDED 0	47.00	Officer	$126,501	$0	$126,501

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	$13,959,433	$10,780,199	$23,964,630	$3,179,234
2022	$13,028,049	$11,580,891	$20,101,403	$1,447,158
2021	$13,271,975	$14,451,631	$21,549,095	$-1,179,656
2020	$12,545,926	$10,605,508	$21,709,471	$1,940,418
2019	$13,477,817	$13,878,928	$19,376,238	$-401,111
2018	$13,030,166	$12,257,226	$17,926,897	$772,940

LABORERS INTERNATIONAL UNION OF NA LOCAL 17 HEALTH BENEFIT FUND