TEXTILE PROCESSORS SERVICE TRADES LOCAL 1 DISABILITY FUND

EIN: 340706088

Cleveland, OH

Total Revenue
$213,423
Total Expenses
$234,915
Total Assets
$27,921
Net Assets
$27,921
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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
1952
Legal Domicile
OH
Phone
2166215164
Tax Period
2019-01-01 to 2019-12-31

TEXTILE PROCESSORS SERVICE TRADES LOCAL 1 DISABILITY FUND, founded in 1952, is a small nonprofit that reported $213K in total revenue in fiscal year 2019. Expenses of $235K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE SICK AND DEATH BENEFITS TO CERTAIN EMPLOYEES AND RETIREES OF CONTRIBUTING EMPLOYERS

Program Service Accomplishments

Program 1

TO PROVIDE SICK AND DEATH BENEFITS TO CERTAIN EMPLOYEES AND RETIREES OF CONTRIBUTING EMPLOYERS

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $208,595
Investment Income $0
Other Revenue $4,828
TOTAL REVENUE $213,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $98,855
TOTAL EXPENSES $234,915

Year-over-Year Comparison

2019 2018 Change
Revenue $213,423 $207,826 +0.0%
Expenses $234,915 $257,805 -0.1%
Net Income $-21,492 $-49,979 -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

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Governance

Voting Members
2
Independent Members
1
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ROCKMAN ADMINISTRATOR 20
Officer Director
$0 $0 $0
RICHARD CLAUTI EMPLOYER TRUSTEE 1
Director
$0 $0 $0
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
2019 $213,423 $234,915 $27,921 $-21,492
2018 $207,826 $257,805 $49,413 $-49,979
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