BENEFIT FUND FOR HOSPITAL AND HEALTH CARE EMPLOYEES PHILADELPHIA AND VICINITY (EIN 232627429) - 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

1991

Legal Domicile

Principal Officer

DIONNE GARY

Phone

2157355720

Tax Period

2024-01-01 to 2024-12-31

BENEFIT FUND FOR HOSPITAL AND HEALTH CARE EMPLOYEES PHILADELPHIA AND VICINITY, founded in 1991, is a mid-sized nonprofit that reported $30.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $9.4M, a strong 31% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO DISTRICT 1199C 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 $27,352,451

Investment Income $2,616,181

Other Revenue $124,095

TOTAL REVENUE $30,092,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $733,543

Fundraising Expenses $0

Other Expenses $1,624,277

TOTAL EXPENSES $20,725,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,092,727	$31,867,278	-0.1%
Expenses	$20,725,946	$22,135,561	-0.1%
Net Income	$9,366,781	$9,731,717	0.0%

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

$240,522

Total Directors

$876,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HUNDZYNSKI	UNION TRUSTEE - CO-CHAIR	2.00	Director	$0	$98,737	$273,030
ELYSE FORD	UNION TRUSTEE	2.00	Director	$0	$73,651	$203,661
CLARESE WALKER	UNION TRUSTEE	2.00	Director	$0	$73,651	$203,661
DIONNE GARY	UNION TRUSTEE	2.00	Director	$0	$70,936	$196,154
CHRISTOPHER BATHE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
FRED BERGER	EMPLOYER TRUSTEE - CO-CHAI	2.00	Director	$0	$0	$0
ALFRED J D'ANGELO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MIKE DIFRANCO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JAMES GRIMES	EMPLOYER TRUSTEE (P)	2.00	Director	$0	$0	$0
PAUL GRUBB	UNION TRUSTEE (P)	2.00	Director	$0	$0	$0
ALFRED SALVATO	EMPLOYER TRUSTEE (P)	2.00	Director	$0	$0	$0
ERIC BROOKS	EXECUTIVE DIRECTOR	13.00	Officer	$52,279	$89,055	$240,522
PAMELA A SMITH-STRITE	ACCOUNTING MANAGER	13.00	Highest	$40,179	$68,493	$186,490

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	$30,092,727	$20,725,946	$68,826,653	$9,366,781
2023	$31,867,278	$22,135,561	$59,000,446	$9,731,717
2022	$31,379,625	$24,194,934	$48,943,009	$7,184,691
2021	$37,435,482	$30,767,552	$43,932,526	$6,667,930
2020	$44,612,656	$41,187,353	$37,670,303	$3,425,303
2019	$52,732,600	$53,288,635	$33,215,918	$-556,035
2018	$53,235,886	$51,898,300	$34,072,854	$1,337,586

BENEFIT FUND FOR HOSPITAL AND HEALTH CARE EMPLOYEES PHILADELPHIA AND VICINITY