Union Mutual Medical Fund (EIN 222241328) - 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

1979

Legal Domicile

Principal Officer

Sylvia Parr

Phone

2129898787

Tax Period

2023-01-01 to 2023-12-31

Union Mutual Medical Fund, founded in 1979, is a micro nonprofit that reported $49K in total revenue in fiscal year 2023. Revenue surged 1743% from the prior year, signaling strong growth momentum. Expenses of $501K exceeded revenue, resulting in a 926% operating deficit.

Mission

Union Mutual Medical Fund pays medical, hospital, surgical, dental, and optical claims incurred by members of the Union Mutual Benefit Association. Benefits were provided for 251 participants.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $48,831

Other Revenue $0

TOTAL REVENUE $48,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,000

Fundraising Expenses $0

Program Expenses $299,048

Other Expenses $177,019

TOTAL EXPENSES $501,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,831	$2,649	+17.4%
Expenses	$501,067	$492,474	+0.0%
Net Income	$-452,236	$-489,825	-0.1%

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

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Berkman	Trustee	1.00	Director	$5,000	$0	$5,000
Sylvia Parr	Trustee	1.00	Director	$5,000	$0	$5,000
Deborah Pearlman	Trustee	1.00	Director	$5,000	$0	$5,000
Louis Flacks	Trustee	1.00	Director	$5,000	$0	$5,000
Leon Silverman	Trustee	1.00	Director	$5,000	$0	$5,000

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
2024	No data	No data	No data	No data
2023	$48,831	$501,067	$854,968	$-452,236
2022	$2,649	$492,474	$1,299,384	$-489,825
2021	$41,705	$440,052	$1,825,954	$-398,347
2020	$71,016	$516,563	$2,243,361	$-445,547
2019	$72,281	$426,812	$2,673,337	$-354,531
2018	$3,771,836	$806,428	$2,986,344	$2,965,408

Union Mutual Medical Fund