LOCAL 237 TEAMSTER TOWN OF ISLIP HEALTH & WELFARE FUND (EIN 237353516) - 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

BEN CARENZA

Phone

2129242000

Tax Period

2024-01-01 to 2024-12-31

LOCAL 237 TEAMSTER TOWN OF ISLIP HEALTH & WELFARE FUND, founded in 1972, is a small nonprofit that reported $304K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $51K, a strong 17% operating margin.

Mission

TO PROVIDE VARIOUS MEDICAL BENEFITS TO ELIGIBLE 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 $303,994

Investment Income $9

Other Revenue $0

TOTAL REVENUE $304,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $131,893

TOTAL EXPENSES $252,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,003	$363,155	-0.2%
Expenses	$252,747	$235,168	+0.1%
Net Income	$51,256	$127,987	-0.6%

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

$353,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN CARENZA	UNION TRUSTEE	1.00	Director	$0	$13,869	$224,316
CATHERINE RICE	UNION TRUSTEE	1.00	Director	$0	$16,289	$75,065
ANDREW VIEGAS	UNION TRUSTEE	1.00	Director	$0	$0	$54,598
ARTHUR ABBATE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LUDWIG	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WALSH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KISSANE	CONTROLLER	1.00	Highest	$0	$18,151	$256,976
MITCHELL GOLDBERG	DIRECTOR (P)	1.00	Highest	$0	$62,574	$174,338
DIANA NAPPI	DIRECTOR	1.00	Highest	$0	$0	$124,974

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	$304,003	$252,747	$408,424	$51,256
2023	$363,155	$235,168	$348,337	$127,987
2022	$135,741	$209,196	$190,799	$-73,455
2021	$137,022	$197,599	$260,718	$-60,577
2020	$294,709	$163,305	$314,690	$131,404
2019	$112,367	$210,046	$185,228	$-97,679
2018	$205,480	$181,973	$399,137	$23,507

LOCAL 237 TEAMSTER TOWN OF ISLIP HEALTH & WELFARE FUND