ILA LOCAL #1478-2 HEALTH&WELFARE FUND (EIN 222811469) - 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

1986

Legal Domicile

Principal Officer

JOHN CUOZZO

Phone

9733442412

Tax Period

2022-07-01 to 2023-06-30

ILA LOCAL #1478-2 HEALTH&WELFARE FUND, founded in 1986, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2022. Expenses of $5.2M left a modest 5% surplus.

Mission

THE ORGANIZATION PROVIDES HEALTH AND DEATH BENEFITS TO ALL MEMBERS OF THE ILA LOCAL 1478-2

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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 $5,431,265

Investment Income $-7,328

Other Revenue $0

TOTAL REVENUE $5,423,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,988

Fundraising Expenses $0

Other Expenses $824,416

TOTAL EXPENSES $5,173,035

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,423,937	$5,577,513	0.0%
Expenses	$5,173,035	$5,642,746	-0.1%
Net Income	$250,902	$-65,233	-4.8%

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

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

$474,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY LOBUE	TRUSTEE	2.00	Director	$0	$0	$0
JOHN CUOZZO	TRUSTEE	2.00	Director	$0	$11,326	$289,805
DANIEL HORGAN	TRUSTEE	2.00	Director	$0	$0	$0
ORBITO DIAZ	TRUSTEE	2.00	Director	$0	$11,356	$184,502

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,423,937	$5,173,035	$4,949,274	$250,902
2022	$5,577,513	$5,642,746	$4,532,741	$-65,233
2021	$6,146,033	$7,018,707	$4,800,335	$-872,674
2020	$6,714,834	$5,778,478	$5,542,455	$936,356
2019	$7,142,248	$6,448,428	$4,657,252	$693,820
2018	$6,802,841	$5,783,457	$3,967,794	$1,019,384

ILA LOCAL #1478-2 HEALTH&WELFARE FUND