AMALGAMATED SOCIAL BENEFITS ASSOCIATION (EIN 361892420) - 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

1940

Legal Domicile

Principal Officer

NAOMI K HANSHEW

Phone

3127386150

Tax Period

2023-01-01 to 2023-12-31

AMALGAMATED SOCIAL BENEFITS ASSOCIATION, founded in 1940, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

PROVIDE HEALTH BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,950,906

Investment Income $148,412

Other Revenue $1,128

TOTAL REVENUE $2,100,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $254,377

TOTAL EXPENSES $2,459,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,100,446	$2,165,784	0.0%
Expenses	$2,459,976	$2,859,214	-0.1%
Net Income	$-359,530	$-693,430	-0.5%

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

$354,470

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAOMI K HANSHEW	CHAIRPERSON	1.00	Director	$0	$35,892	$192,750
CARLOS GINARD	TRUSTEE	1.00	Director	$0	$44,174	$161,720
MARGARITO DIAZ JAIMES	TRUSTEE	1.00	Director	$0	$0	$0
JIM SKONICKI	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK CRONIN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$2,100,446	$2,459,976	$2,544,750	$-359,530
2022	$2,165,784	$2,859,214	$2,881,655	$-693,430
2021	$2,494,451	$2,881,028	$4,079,204	$-386,577
2020	$3,576,500	$2,655,613	$4,799,980	$920,887
2019	$2,548,290	$2,614,681	$5,693,814	$-66,391
2018	$3,036,340	$3,322,957	$5,802,213	$-286,617

AMALGAMATED SOCIAL BENEFITS ASSOCIATION