MAINTENANCE EMPLOYEES 416 HEALTH &… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

SUSAN GRAGEL

Phone

2164851521

Tax Period

2024-07-01 to 2025-06-30

MAINTENANCE EMPLOYEES 416 HEALTH & WELFARE FUND, founded in 1964, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $171K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTHCARE BENEFITS FOR MEMBERS. BENEFITS INCLUDE PRESCRIPTION DRUGS, DENTAL CARE, DISABILITY BENEFITS, LIFE AND ACCIDENTAL DEATH INSURANCE.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTHCARE BENEFITS FOR MEMBERS

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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 $152,719

Investment Income $1,102

Other Revenue $0

TOTAL REVENUE $153,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,707

Fundraising Expenses $0

Other Expenses $43,130

TOTAL EXPENSES $171,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,821	$168,956	-0.1%
Expenses	$171,153	$184,097	-0.1%
Net Income	$-17,332	$-15,141	+0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK NARDI	TRUSTEE/CHAI	2.00		$0	$46,330	$151,785
SUSAN GRAGEL	TRUSTEE/CHAI	1.00	Officer Director	$0	$0	$0
DANIEL SPENCER	TRUSTEE/SECR	0.50	Officer 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
2025	$153,821	$171,153	$319,888	$-17,332
2024	$168,956	$184,097	$329,097	$-15,141
2023	$178,457	$190,253	$335,634	$-11,796
2022	$188,035	$188,108	$348,767	$-73
2021	$192,881	$202,426	$349,248	$-9,545
2020	$234,891	$225,998	$346,984	$8,893
2019	$259,009	$235,925	$345,740	$23,084
2018	$274,876	$232,165	$319,246	$42,711

MAINTENANCE EMPLOYEES 416 HEALTH & WELFARE FUND