SEIU LOCAL 1 & PARTICIPATING EMPLOYERS HEALTH TRUST

EIN: 362857218

CHICAGO, IL

Total Revenue
$150,172,704
Total Expenses
$139,959,747
Total Assets
$171,655,272
Net Assets
$170,957,637
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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
1974
Legal Domicile
IL
Principal Officer
GENIE KASTRUP
Phone
3122338800
Tax Period
2023-10-01 to 2024-09-30

SEIU LOCAL 1 & PARTICIPATING EMPLOYERS HEALTH TRUST, founded in 1974, is a major nonprofit that reported $150.2M in total revenue in fiscal year 2023. Expenses of $140.0M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO COVERED MEMBERS OF SEIU LOCAL 1 AND THEIR ELIGIBLE DEPENDENTS ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $142,882,364
Investment Income $6,531,501
Other Revenue $758,839
TOTAL REVENUE $150,172,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,184,932
Fundraising Expenses $0
Other Expenses $1,866,046
TOTAL EXPENSES $139,959,747

Year-over-Year Comparison

2023 2022 Change
Revenue $150,172,704 $146,560,969 +0.0%
Expenses $139,959,747 $136,395,345 +0.0%
Net Income $10,212,957 $10,165,624 +0.0%
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
6
Independent Members
3
Employees
26
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
$291,302
Total Directors
8
$626,509
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENIE KASTRUP TRUSTEE 2.00
Director
$0 $60,835 $277,035
KENNETH MUNZ TRUSTEE 2.00
Director
$0 $44,791 $186,031
ROBERT PAWLASZEK TRUSTEE 2.00
Director
$0 $40,871 $163,443
ROBERT QUAST TRUSTEE 2.00
Director
$0 $0 $0
TIM CONWAY TRUSTEE 2.00
Director
$0 $0 $0
DAVID HOPWOOD TRUSTEE 2.00
Director
$0 $0 $0
DEAN JOHNSON TRUSTEE - PAST 2.00
Director
$0 $0 $0
KRYSTAL KURINSKY TRUSTEE - PAST 2.00
Director
$0 $0 $0
MARIA PIZARRO FUND ADMINISTRATOR 40.00
Officer
$220,038 $71,264 $291,302
LAURA HYNES ASST. FUND ADMINISTRATOR - PAST 40.00
Highest
$140,520 $50,125 $190,645
MICHELLE RAIMONDI OPERATIONS MANAGER 40.00
Highest
$127,826 $48,503 $176,329
CATHERINE O'BRIEN CONTROLLER - PAST 40.00
Highest
$100,820 $41,017 $141,837
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 $150,172,704 $139,959,747 $171,655,272 $10,212,957
2023 $146,560,969 $136,395,345 $152,447,558 $10,165,624
2022 $136,354,732 $4,468,069 $141,125,859 $131,886,663
2021 $132,715,763 $124,926,576 $156,543,336 $7,789,187
2020 $137,431,831 $115,004,355 $150,107,767 $22,427,476
2019 $139,829,644 $118,013,447 $122,827,292 $21,816,197
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