LOCAL 1964 ILA HEALTH AND INSURANCE FUND (EIN 237248562) - 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

BRIAN WALLACH

Phone

2014406523

Tax Period

2024-08-01 to 2025-07-31

LOCAL 1964 ILA HEALTH AND INSURANCE FUND, founded in 1972, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2024. The organization ran a surplus of $2.2M, a strong 28% operating margin.

Mission

THE PLAN PROVIDES HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, DENTAL, OPTICAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS. THE PLAN ALSO PROVIDES CERTAIN BENEFITS TO ELIGIBLE SPOUSES AND DEPENDENTS OF PARTICIPANTS.

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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 $6,319,293

Investment Income $1,419,301

Other Revenue $127,277

TOTAL REVENUE $7,865,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,232,553

Fundraising Expenses $0

Other Expenses $826,911

TOTAL EXPENSES $5,661,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,865,871	$8,229,662	0.0%
Expenses	$5,661,720	$6,487,281	-0.1%
Net Income	$2,204,151	$1,742,381	+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

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

$18,000

Key Employees

$302,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WALLACH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
PAULA CUSUMANO ESQ	UNION TRUSTEE	1.00	Director	$18,000	$0	$18,000
ADAM HARRIS	FUND ADMINISTRATOR	14.00	Key Emp	$84,574	$48,998	$302,974
DAVID HARRIS	ASST FUND ADMINISTRATOR	14.00	Highest	$79,664	$47,476	$286,708
RICHARD GALLO	ASST FUND ADMINISTRATOR	16.00	Highest	$93,247	$47,443	$286,538
LORRAINE LEVY	OFFICE MANAGER	30.00	Highest	$113,379	$40,160	$192,424
EVELYN DE JESUS	FUND EMPLOYEE	18.00	Highest	$66,064	$38,145	$186,604
HILDA SANCHEZ	BOOKKEEPER	36.00	Highest	$123,723	$36,370	$168,411

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
2025	$7,865,871	$5,661,720	$38,520,742	$2,204,151
2024	$8,229,662	$6,487,281	$35,351,543	$1,742,381
2023	$8,700,193	$5,410,580	$32,870,047	$3,289,613
2022	$7,578,164	$5,511,616	$31,998,057	$2,066,548
2021	$8,063,211	$6,347,899	$33,379,322	$1,715,312
2020	$7,251,707	$5,296,836	$29,063,828	$1,954,871
2019	$7,316,423	$5,274,838	$25,901,473	$2,041,585
2018	$6,338,670	$5,185,528	$23,225,685	$1,153,142

LOCAL 1964 ILA HEALTH AND INSURANCE FUND