CENTRAL NEW YORK LABORERS' HEALTH AND WELFARE FUND (EIN 166044095) - 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

1953

Legal Domicile

Principal Officer

GABRIEL ROSETTI III

Phone

3154349305

Tax Period

2024-07-01 to 2025-06-30

CENTRAL NEW YORK LABORERS' HEALTH AND WELFARE FUND, founded in 1953, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 38% operating margin.

Mission

PROVIDE MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS TO UNION MEMBERS 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 $4,624,998

Investment Income $689,637

Other Revenue $102,422

TOTAL REVENUE $5,417,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,228

Fundraising Expenses $0

Program Expenses $3,337,416

Other Expenses $542,806

TOTAL EXPENSES $3,337,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,417,057	$3,376,507	+0.6%
Expenses	$3,337,416	$2,273,020	+0.5%
Net Income	$2,079,641	$1,103,487	+0.9%

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

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

$146,111

Total Directors

$146,111

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH BELLINGER	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN COMPAGNI	TRUSTEE	1.00	Director	$0	$0	$0
EARL R HALL	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SOLAZZO III	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$21,320
GABRIEL ROSETTI III	BUSINESS MANAGER	1.00	Officer Director	$0	$0	$124,791

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	$5,417,057	$3,337,416	$13,568,124	$2,079,641
2024	No data	No data	No data	No data
2023	$2,916,803	$2,595,268	$9,809,490	$321,535
2022	$3,042,356	$2,390,660	$9,238,939	$651,696
2021	$3,054,721	$3,260,867	$9,877,959	$-206,146
2020	$3,279,280	$3,164,994	$9,748,146	$114,286
2019	$2,254,042	$3,349,761	$9,578,984	$-1,095,719
2018	$2,993,167	$3,216,112	$10,653,381	$-222,945

CENTRAL NEW YORK LABORERS' HEALTH AND WELFARE FUND