UNITED FEDERATION OF TEACHERS CHILD CARE PROVIDERS HEALTH BENEFIT FUND (EIN 326144035) - 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

2012

Legal Domicile

Principal Officer

MICHAEL MULGREW

Phone

2125989247

Tax Period

2023-08-01 to 2024-07-31

UNITED FEDERATION OF TEACHERS CHILD CARE PROVIDERS HEALTH BENEFIT FUND, founded in 2012, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE IS TO PROVIDE HEALTH INSURANCE BENEFITS TO, AND FOR THE EXCLUSIVE BENEFIT OF, ITS MEMBERS, THROUGH NEW YORK STATE'S FAMILY HEALTH PLUS PROGRAM. THE COVERED MEMBERS ARE FAMILY HOME DAY CARE PROVIDERS, GROUP FAMILY HOME DAY CARE PROVIDERS, AND LEGALLY-EXEMPT CHILD CARE PROVIDERS WHO PROVIDE CARE IN THE RESIDENCE IN NEW YORK CITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,053,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,053,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,000

TOTAL EXPENSES $1,051,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,053,000	$660,000	+0.6%
Expenses	$1,051,860	$669,424	+0.6%
Net Income	$1,140	$-9,424	-1.1%

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

N/A

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

$938,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MULGREW	CHAIRMAN OF BOARD OF TRUST	1.00	Director	$0	$71,721	$414,720
DAVID HICKEY	TRUSTEE	1.00	Director	$0	$23,353	$335,353
TAMMIE MILLER	TRUSTEE	1.00	Director	$0	$57,029	$188,195

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	$1,053,000	$1,051,860	$11,082	$1,140
2023	$660,000	$669,424	$8,972	$-9,424
2022	$538,000	$528,622	$11,366	$9,378
2021	$357,063	$542,406	$6,454	$-185,343
2020	$248	$544,055	$182,273	$-543,807
2019	$96,424	$552,198	$726,080	$-455,774
2018	$1,358,598	$474,132	$1,181,854	$884,466

UNITED FEDERATION OF TEACHERS CHILD CARE PROVIDERS HEALTH BENEFIT FUND