INTERNATIONAL BROTHERHOOD OF TMSTRS 863 WELFARE FUND (EIN 221478216) - 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

1950

Legal Domicile

Principal Officer

ALPHONSE RISPOLI JR

Phone

9086546990

Tax Period

2024-04-01 to 2025-03-31

INTERNATIONAL BROTHERHOOD OF TMSTRS 863 WELFARE FUND, founded in 1950, is a mid-sized nonprofit that reported $49.8M in total revenue in fiscal year 2024. Expenses of $54.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

UNION HEALTH INSURANCE FUND

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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 $47,004,134

Investment Income $2,824,761

Other Revenue $0

TOTAL REVENUE $49,828,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,647

Fundraising Expenses $0

Program Expenses $54,373,797

Other Expenses $3,717,391

TOTAL EXPENSES $54,886,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,828,895	$48,011,021	+0.0%
Expenses	$54,886,295	$48,603,934	+0.1%
Net Income	$-5,057,400	$-592,913	+7.5%

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

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

Total Directors

$275,120

Key Employees

$169,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALPHONSE RISPOLI JR	TRUSTEE	1.00	Director	$0	$0	$143,694
LOUIS SANCHEZ	TRUSTEE	1.00	Director	$0	$0	$131,426
RACHEL CARUSO	TRUSTEE	1.00	Director	$0	$0	$0
KATHYRN ZIZZA	ADMINISTRATOR	30.00	Key Emp	$150,540	$0	$169,000

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	$49,828,895	$54,886,295	$23,869,564	$-5,057,400
2024	$48,011,021	$48,603,934	$26,780,321	$-592,913
2023	$45,804,990	$45,808,175	$24,446,467	$-3,185
2022	$45,427,748	$48,262,622	$24,791,012	$-2,834,874
2021	$45,431,185	$47,499,197	$28,355,889	$-2,068,012
2020	$46,616,584	$42,859,563	$27,441,715	$3,757,021
2019	$45,606,304	$39,693,224	$25,350,168	$5,913,080
2018	$44,903,506	$39,451,791	$19,547,020	$5,451,715

INTERNATIONAL BROTHERHOOD OF TMSTRS 863 WELFARE FUND