LABORERS' INT'L UNION OF NORTH AMERICA LOCAL 1822 HEALTH CARE FUND (EIN 156019137) - 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

1954

Legal Domicile

Principal Officer

RICHARD DADDARIO

Phone

3152145775

Tax Period

2023-01-01 to 2023-12-31

LABORERS' INT'L UNION OF NORTH AMERICA LOCAL 1822 HEALTH CARE FUND, founded in 1954, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $389K, a strong 17% operating margin.

Mission

TO PROVIDE MEDICAL, HOSPITAL, DENTAL, VISION, LIFE AND DISABILITY BENEFITS FOR MEMBERS OF LOCAL UNION 1822.

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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 $1,885,734

Investment Income $280,849

Other Revenue $150,386

TOTAL REVENUE $2,316,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,821

Fundraising Expenses $0

Other Expenses $1,453,736

TOTAL EXPENSES $1,927,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,316,969	$2,309,447	+0.0%
Expenses	$1,927,644	$1,861,398	+0.0%
Net Income	$389,325	$448,049	-0.1%

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

$154,410

Total Directors

$302,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL HALL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN DONOGHUE	UNION TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HILYARD	UNION TRUSTEE	1.00	Director	$0	$79,257	$170,556
JOHN HUTCHINS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN REALE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DADDARIO SR	CHAIRMAN	1.00	Director	$0	$65,143	$131,952
RICHARD DADDARIO JR	PLAN ADMIN	1.00	Officer	$95,001	$56,659	$154,410

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	$2,316,969	$1,927,644	$11,791,047	$389,325
2022	$2,309,447	$1,861,398	$10,659,570	$448,049
2021	$3,601,058	$1,981,951	$11,307,481	$1,619,107
2020	$2,348,084	$1,961,179	$9,619,164	$386,905
2019	$7,551,011	$1,879,134	$8,462,191	$5,671,877
2018	$1,748,714	$1,145,877	$2,304,592	$602,837

LABORERS' INT'L UNION OF NORTH AMERICA LOCAL 1822 HEALTH CARE FUND