CENTRAL NEW YORK LABORERS' HEALTH AND WELFARE FUND

EIN: 166044095

E SYRACUSE, NY

Total Revenue
$5,417,057
Total Expenses
$3,337,416
Total Assets
$13,568,124
Net Assets
$13,420,597
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NY
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.

Program Service Accomplishments

Program 1
Expenses: $3,337,416

THE FUND PROVIDES MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS FOR 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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
3
Employees
13
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
2
$146,111
Total Directors
5
$146,111
Key Employees
0
$0
Highest Compensated
0
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
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