SERVICE EMPLOYEES INTL UNION LOC 32BJ D 36 BUILDING OPERATORS WELFARE TRUST FD (EIN 236487259) - 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

1969

Legal Domicile

Principal Officer

WAYNE MACMANIMAN

Phone

2155683262

Tax Period

2024-01-01 to 2024-12-31

SERVICE EMPLOYEES INTL UNION LOC 32BJ D 36 BUILDING OPERATORS WELFARE TRUST FD, founded in 1969, is a mid-sized nonprofit that reported $54.5M in total revenue in fiscal year 2024. Expenses of $50.5M left a modest 7% surplus.

Mission

TO PROVIDE MEDICAL, HOSPITAL, DENTAL, PRESCRIPTION, DISABILITY, DEATH AND EMPLOYEE ASSISTANCE PLAN BENEFITS TO ELIGIBLE MEMBERS OF SEIU LOCAL 32BJ, DISTRICT 36 UNION 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 $50,075,758

Investment Income $4,372,047

Other Revenue $14,547

TOTAL REVENUE $54,462,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,571,659

Fundraising Expenses $0

Other Expenses $1,364,978

TOTAL EXPENSES $50,532,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,462,352	$52,904,514	+0.0%
Expenses	$50,532,786	$47,452,790	+0.1%
Net Income	$3,929,566	$5,451,724	-0.3%

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

$641,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABE MORGAN	UNION TRUSTEE	2.00	Director	$0	$57,721	$239,056
MIKE DUFFY	UNION TRUSTEE	2.00	Director	$0	$50,744	$217,786
WAYNE MACMANIMAN	UNION TRUSTEE	2.00	Director	$0	$30,445	$184,759
DANIEL BRIGHTER	EMP. TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MARTIN	EMP. TRUSTEE	2.00	Director	$0	$0	$0
JOHN REY	EMP. TRUSTEE	2.00	Director	$0	$0	$0
SARAH MILLINGHAUSEN	FINANCIAL MANAGER	40.00	Highest	$0	$36,494	$191,930
JOHN RONGIONE	ADMINSTRATOR	40.00	Highest	$0	$17,993	$181,987
JUDY O'MEARA	RN-DISEASE MGT	40.00	Highest	$0	$36,494	$158,000
CINDY LEAHY	ACCOUNTING MANAGER	40.00	Highest	$0	$36,447	$148,765
LINDA MCCULLOUGH	CLAIMS MANAGER	40.00	Highest	$0	$36,439	$147,839

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	$54,462,352	$50,532,786	$125,205,392	$3,929,566
2023	$52,904,514	$47,452,790	$114,337,359	$5,451,724
2022	$56,268,001	$41,529,961	$101,997,140	$14,738,040
2021	$53,441,321	$43,824,207	$100,456,827	$9,617,114
2020	$39,572,242	$39,559,642	$88,012,431	$12,600
2019	$52,208,649	$43,641,805	$82,737,693	$8,566,844
2018	$47,509,501	$43,582,096	$68,467,503	$3,927,405

SERVICE EMPLOYEES INTL UNION LOC 32BJ D 36 BUILDING OPERATORS WELFARE TRUST FD