ANNUAL BENEFIT FUND LOCAL 702 (EIN 371039499) - 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

1973

Legal Domicile

Principal Officer

MICHAEL LUSTIG

Phone

6189322102

Tax Period

2023-01-01 to 2023-12-31

ANNUAL BENEFIT FUND LOCAL 702, founded in 1973, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $6.9M left a modest 5% surplus.

Mission

VACATION BENEFIT PLAN

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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 $7,157,724

Investment Income $114,922

Other Revenue $0

TOTAL REVENUE $7,272,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $84,201

TOTAL EXPENSES $6,902,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,272,646	$6,060,759	+0.2%
Expenses	$6,902,677	$5,742,181	+0.2%
Net Income	$369,969	$318,578	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SANCHEZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LUSTIG	TRUSTEE	1.00	Director	$0	$0	$0
RON MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ROWLAND	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	$7,272,646	$6,902,677	$3,152,708	$369,969
2022	$6,060,759	$5,742,181	$2,782,739	$318,578
2021	$4,806,291	$4,567,164	$2,464,161	$239,127
2020	$5,017,383	$4,538,647	$2,207,716	$478,736
2020	$5,034,825	$4,538,647	$2,225,158	$496,178
2019	$3,669,141	$3,628,054	$1,728,986	$41,087
2018	$3,749,029	$3,519,962	$1,688,043	$229,067
2018	$3,749,029	$3,519,962	$1,688,043	$229,067

ANNUAL BENEFIT FUND LOCAL 702