LOCAL 108 HEALTH FUND (EIN 221616297) - 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

1944

Legal Domicile

Principal Officer

CHARLES N HALL JR

Phone

9737627224

Tax Period

2022-08-01 to 2023-07-31

LOCAL 108 HEALTH FUND, founded in 1944, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 8% surplus.

Mission

TO PROVIDE MEDICAL,DENTAL, HOSPITAL CARE AND PRESCRIPTION DRUG BENEFITS 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,239,513

Investment Income $379,432

Other Revenue $0

TOTAL REVENUE $3,618,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $370,927

TOTAL EXPENSES $3,320,559

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,618,945	$2,871,878	+0.3%
Expenses	$3,320,559	$3,325,030	0.0%
Net Income	$298,386	$-453,152	-1.7%

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

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

$336,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES N HALL JR	PRESIDENT	1.00	Director	$0	$0	$202,789
PATRICIA GONZALEZ	VICE PRESIDENT (P)	1.00	Director	$0	$0	$58,086
CHARLES N HALL SR	TRUSTEE	1.00	Director	$0	$0	$0
OUSMANE NGOKANA	VICE PRESIDENT	1.00	Director	$0	$0	$75,832

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	$3,618,945	$3,320,559	$11,805,548	$298,386
2022	$2,871,878	$3,325,030	$11,712,343	$-453,152
2021	$3,061,515	$3,275,644	$12,828,613	$-214,129
2020	$2,605,466	$2,940,506	$12,602,896	$-335,040
2019	No data	No data	No data	No data
2018	$3,354,771	$2,626,843	$11,711,430	$727,928

LOCAL 108 HEALTH FUND