LOCAL 33 SUPPLEMENTAL RETIREE HEAL… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

DAVID HAAS

Phone

2162673344

Tax Period

2024-01-01 to 2024-12-31

LOCAL 33 SUPPLEMENTAL RETIREE HEALTH FUND, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $177K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 42% operating margin.

Mission

THE PLAN PROVIDES REIMBURSEMENT OF CERTAIN MEDICAL BENEFITS TO MEMBERS PARTICIPATING IN THE PLAN.

Program Service Accomplishments

Program 1

TO PROVIDE SUPPLEMENTAL MEDICAL PAYMENTS NOT COVERED UNDER HEALTH AND WELFARE PLANS TO PARTICIPATING 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 (2024)

Revenue Breakdown

Contributions & Grants $84,763

Program Service Revenue $0

Investment Income $92,312

Other Revenue $0

TOTAL REVENUE $177,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $41,480

TOTAL EXPENSES $101,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,075	$118,023	+0.5%
Expenses	$101,895	$110,881	-0.1%
Net Income	$75,180	$7,142	+9.5%

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
JAMIE BOSTIC	SECRETARY	1.00	Director	$0	$0	$0
NELSON SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JASON LEWIS	CHAIRMAN (JUL-DEC)	2.00	Director	$0	$0	$0
PATRICK ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HAAS	CHAIRMAN (JAN-JUL)	1.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	1.00		$7,902	$0	$7,902

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	$177,075	$101,895	$2,184,670	$75,180
2023	$118,023	$110,881	$2,083,541	$7,142
2022	$98,784	$103,851	$1,984,847	$-5,067
2021	$119,601	$125,298	$2,292,903	$-5,697
2020	$131,131	$108,057	$2,284,593	$23,074
2019	$195,111	$144,950	$2,147,537	$50,161
2018	$184,945	$187,101	$1,985,562	$-2,156

LOCAL 33 SUPPLEMENTAL RETIREE HEALTH FUND