LOCAL NO 4 SEIU HEALTH AND WELFARE FUND (EIN 362418276) - 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

1959

Legal Domicile

Principal Officer

PAIGE KELLY

Phone

7733859300

Tax Period

2024-07-01 to 2025-06-30

LOCAL NO 4 SEIU HEALTH AND WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $25.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.7M, a strong 19% operating margin.

Mission

PROVIDE HEALTH BENEFITS

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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 $25,078,223

Investment Income $427,507

Other Revenue $89,982

TOTAL REVENUE $25,595,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,193,671

Fundraising Expenses $0

Other Expenses $839,227

TOTAL EXPENSES $20,859,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,595,712	$21,928,843	+0.2%
Expenses	$20,859,470	$18,894,403	+0.1%
Net Income	$4,736,242	$3,034,440	+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

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

$227,266

Total Directors

$568,403

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRA GLASSMAN	TRUSTEE	4.00	Director	$0	$59,080	$214,837
PAIGE KELLY	TRUSTEE	4.00	Director	$0	$44,801	$167,875
SHABATAYAH ANDRICH	TRUSTEE	4.00	Director	$0	$53,526	$185,691
STEVEN TUROFSKY	TRUSTEE	4.00	Director	$0	$0	$0
EPHRAIM VILENSKI	TRUSTEE	4.00	Director	$0	$0	$0
MELISSA A STRECANSKY	TRUSTEE	4.00	Director	$0	$0	$0
ELNALYN COSTA	ADMINISTRATOR	8.00	Officer	$184,650	$42,616	$227,266
JENNIFER MACK	EXECUTIVE ANALYST/STRATEGIC COORDINATOR	8.00	Highest	$108,680	$26,638	$135,318
RP WHITAKER	ACCOUNTING MANAGER	10.00	Highest	$101,319	$43,163	$144,482

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	$25,595,712	$20,859,470	$18,934,950	$4,736,242
2024	No data	No data	No data	No data
2023	$20,757,021	$21,190,570	$10,432,549	$-433,549
2022	$19,781,466	$17,554,118	$10,889,298	$2,227,348
2021	$20,100,862	$16,506,381	$9,787,255	$3,594,481
2020	$19,210,909	$18,019,303	$6,113,021	$1,191,606

LOCAL NO 4 SEIU HEALTH AND WELFARE FUND