SERVICE EMPLOYEES INTL UNION LOCAL 2000 HEALTH & WELFARE (EIN 431598128) - 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

1992

Legal Domicile

Principal Officer

MICHAEL E MURPHY

Phone

3145333645

Tax Period

2023-01-01 to 2023-12-31

SERVICE EMPLOYEES INTL UNION LOCAL 2000 HEALTH & WELFARE, founded in 1992, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,131,237

Investment Income $518,537

Other Revenue $-131,910

TOTAL REVENUE $3,517,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,706

Fundraising Expenses $0

Other Expenses $809,085

TOTAL EXPENSES $4,507,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,517,864	$4,360,778	-0.2%
Expenses	$4,507,167	$5,570,346	-0.2%
Net Income	$-989,303	$-1,209,568	-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

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
MICHAEL E MURPHY	UNION TRUSTEE	1.00	Director	$0	$0	$0
LEONARD JONES	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOHN DEWITT DARITY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
LISA GOULD	ADMINISTRATIVE MANAGER	40.00	Highest	$149,427	$55,877	$205,304

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	$3,517,864	$4,507,167	$14,731,325	$-989,303
2022	$4,360,778	$5,570,346	$14,705,420	$-1,209,568
2021	$5,259,117	$6,180,760	$18,079,308	$-921,643
2020	$5,080,353	$4,615,674	$18,971,752	$464,679
2019	$5,007,772	$4,346,943	$17,688,523	$660,829
2018	$5,098,894	$4,831,098	$15,862,048	$267,796

SERVICE EMPLOYEES INTL UNION LOCAL 2000 HEALTH & WELFARE