SEIU DISTRICT 1201 HEALTH & WELFARE FUND LOCAL 1201 HEALTH & WELFARE FUND (EIN 231904725) - 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

1972

Legal Domicile

Principal Officer

ELAINE POMMELLS

Phone

2156279220

Tax Period

2019-09-01 to 2020-07-01

SEIU DISTRICT 1201 HEALTH & WELFARE FUND LOCAL 1201 HEALTH & WELFARE FUND, founded in 1972, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2019. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $5.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PLAN PROVIDES SELF-FUNDED PRESCRIPTION, DENTAL, VISION, PODIATRY, MEDICAL EQUIPMENT AND DEATH BENEFITS. TO BE ELIGIBLE FOR BENEFITS, PARTICIPANTS MUST BE PERMANENTLY APPOINTED EMPLOYEES OF THE PHILADELPHIA BOARD OF EDUCATION IN JOB CLASSIFICATIONS REPRESENTED BY LOCAL 1201.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,896,353

Investment Income $-45,458

Other Revenue $56,739

TOTAL REVENUE $4,907,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,557

Fundraising Expenses $0

Other Expenses $427,149

TOTAL EXPENSES $5,869,048

Year-over-Year Comparison

	2019	2018	Change
Revenue	$4,907,634	$8,094,205	-0.4%
Expenses	$5,869,048	$7,627,678	-0.2%
Net Income	$-961,414	$466,527	-3.1%

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

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

$72,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANNY PASTREICH	UNION TRUSTEE	2.00	Director	$0	$0	$0
SUSAN HANCOCK	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
GEORGE RICCHEZZA	UNION TRUSTEE	2.00	Director	$0	$0	$0
KARL JOHNSON	UNION TRUSTEE	2.00	Director	$0	$0	$0
TAHISE MOORE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RONAK CHOKSHI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DENNIS BIONDO	ADMINISTRATOR	40.00	Officer	$29,488	$43,181	$72,669

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
2020	$4,907,634	$5,869,048	No data	$-961,414
2019	$8,094,205	$7,627,678	$3,684,943	$466,527
2018	$8,094,264	$8,015,897	$3,752,795	$78,367

SEIU DISTRICT 1201 HEALTH & WELFARE FUND LOCAL 1201 HEALTH & WELFARE FUND