UNITE HERE LEGAL PLAN (EIN 363344005) - 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

1983

Legal Domicile

Principal Officer

RUSS MELARAGNI

Phone

3126491200

Tax Period

2024-04-01 to 2025-03-31

UNITE HERE LEGAL PLAN, founded in 1983, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $998K, a strong 25% operating margin.

Mission

PROVIDE LEGAL SERVICES TO ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,753,570

Investment Income $232,546

Other Revenue $0

TOTAL REVENUE $3,986,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $272,282

TOTAL EXPENSES $2,987,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,986,116	$3,403,427	+0.2%
Expenses	$2,987,709	$2,176,131	+0.4%
Net Income	$998,407	$1,227,296	-0.2%

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

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

$172,823

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KENT	UNION TRUSTEE	2.00	Director	$0	$0	$0
RUSS MELARAGNI	CHARIMAN & EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
NANCY LALLY	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
LOUIS WEEKS	SECRETARY & UNION TRUSTEE	2.00	Director	$0	$0	$0
ALFONSO GARCIA	UNION TRUSTEE	2.00	Director	$0	$39,132	$172,823
PETER SIMONCELLI	EMPLOYER TRUSTEE	2.00	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
2025	$3,986,116	$2,987,709	$6,634,860	$998,407
2024	$3,403,427	$2,176,131	$5,578,468	$1,227,296
2023	$2,825,561	$918,434	$4,089,054	$1,907,127
2022	$1,878,590	$815,446	$2,229,605	$1,063,144
2021	$493,857	$1,116,832	$1,179,959	$-622,975
2020	$3,865,441	$3,683,676	$2,286,193	$181,765
2019	$3,731,803	$3,591,684	$1,965,948	$140,119

UNITE HERE LEGAL PLAN