LOCAL 360 HEALTH FUND (EIN 226084338) - 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

1968

Legal Domicile

Principal Officer

SAM FERRAINO

Phone

9732996700

Tax Period

2024-01-01 to 2024-12-31

LOCAL 360 HEALTH FUND, founded in 1968, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $13.9M left a modest 12% surplus.

Mission

PROVIDE HEALTH BENEFITS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 $15,690,939

Investment Income $163,218

Other Revenue $0

TOTAL REVENUE $15,854,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,126,255

TOTAL EXPENSES $13,911,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,854,157	$14,527,661	+0.1%
Expenses	$13,911,625	$14,822,963	-0.1%
Net Income	$1,942,532	$-295,302	-7.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM FERRAINO	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN POWERS	TRUSTEE	1.00	Director	$0	$0	$0
TIM TERIFAY	TRUSTEE	1.00	Director	$0	$0	$0
JOAN WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY TUMULTY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BURKE JR	TRUSTEE	1.00	Director	$0	$0	$0

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	$15,854,157	$13,911,625	$10,161,350	$1,942,532
2023	$14,527,661	$14,822,963	$7,496,747	$-295,302
2022	$13,761,829	$13,828,127	$7,751,314	$-66,298
2021	$12,788,435	$13,514,878	$8,896,697	$-726,443
2020	$13,205,590	$11,541,469	$9,182,834	$1,664,121
2019	$12,910,049	$13,195,107	$7,876,847	$-285,058
2018	$12,666,292	$15,198,038	$8,464,591	$-2,531,746

LOCAL 360 HEALTH FUND