LOCAL #1 HEALTH MAINTENANCE FUND

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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

1983

Legal Domicile

Principal Officer

CHARLES BRIDGEMON

Phone

7732718515

Tax Period

2025-01-01 to 2025-12-31

LOCAL #1 HEALTH MAINTENANCE FUND, founded in 1983, is a small nonprofit that reported $837K in total revenue in fiscal year 2025.

Mission

TO PROVIDE HEALTH, DENTAL, AND LIFE BENEFITS THROUGH INSURANCE CARRIERS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH, DENTAL, AND LIFE BENEFITS THROUGH INSURANCE CARRIERS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $822,823

Investment Income $14,094

Other Revenue $0

TOTAL REVENUE $836,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $115,695

TOTAL EXPENSES $835,179

Year-over-Year Comparison

	2025	2024	Change
Revenue	$836,917	$808,635	+0.0%
Expenses	$835,179	$817,331	+0.0%
Net Income	$1,738	$-8,696	-1.2%

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

N/A

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

$62,500

Total Directors

$495,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CARTER	TRUSTEE	1.50	Director	$0	$0	$0
VICTORIA HAND	TRUSTEE	1.50	Director	$0	$0	$0
ABRAHAN GAMBOA	TRUSTEE	1.50	Director	$0	$36,581	$136,967
CHARLES BRIDGEMON	TRUSTEE	1.50	Director	$0	$55,496	$226,228
TIFFANY THOMPSON	TRUSTEE	1.50	Director	$0	$35,951	$131,837
DEVONA HARRIS GOODLOW	TRUSTEE	1.50	Director	$0	$0	$0
KATHY KRUEGER	PLAN ADMINISTRATOR	15.00	Officer	$62,500	$0	$62,500

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	$836,917	$835,179	$451,229	$1,738
2024	No data	No data	No data	No data
2023	$811,253	$807,214	$457,663	$4,039
2022	$788,754	$786,667	$452,424	$2,087
2021	$740,874	$750,575	$464,130	$-9,701
2020	$753,959	$705,423	$478,576	$48,536
2019	$802,547	$778,667	$429,175	$23,880
2018	$910,563	$872,644	$402,889	$37,919