LOCAL 808 IBT HEALTH & WELFARE FUND (EIN 237218454) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

FITZ-VERITY C SILVERA

Phone

7183891900

Tax Period

2023-10-01 to 2024-09-30

LOCAL 808 IBT HEALTH & WELFARE FUND, founded in 1968, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE TRUST RECEIVES CONTRIBUTIONS PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT AND HOLDS THE ASSETS OF A MULTIEMPLOYER WELFARE BENEFIT PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,775,934

Investment Income $514,981

Other Revenue $30,376

TOTAL REVENUE $14,321,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,944

Fundraising Expenses $0

Other Expenses $1,101,922

TOTAL EXPENSES $14,421,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,321,291	$12,828,700	+0.1%
Expenses	$14,421,109	$12,313,099	+0.2%
Net Income	$-99,818	$515,601	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$238,112

Total Directors

$238,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FITZ-VERITY C SILVERA	UNION TRUSTEE	1.0	Officer Director	$0	$25,162	$227,112
PAUL DEMASI	EMPLOYER TRUSTEE	1.0	Officer Director	$5,500	$0	$11,000

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	$14,321,291	$14,421,109	$13,738,546	$-99,818
2023	$12,828,700	$12,313,099	$12,765,208	$515,601
2022	$11,894,957	$10,852,013	$11,700,221	$1,042,944
2021	$11,792,606	$10,797,445	$11,763,342	$995,161
2020	$11,265,400	$11,209,856	$10,452,950	$55,544
2019	$11,233,956	$10,722,134	$9,982,027	$511,822
2018	$10,475,142	$7,408,387	$9,303,279	$3,066,755

LOCAL 808 IBT HEALTH & WELFARE FUND