LEAGUE OF VOL HOSP AND HOMES OF NY RETIRED EMPLOYEES WELFARE BENEFIT FUND

EIN: 431988778 Mutual Benefit

NEW YORK, NY

Total Revenue
$131,453
Total Expenses
$81,380
Total Assets
$2,473,829
Net Assets
$2,473,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
MARC KRAMER
Phone
2129568900
Tax Period
2023-01-01 to 2023-12-31

LEAGUE OF VOL HOSP AND HOMES OF NY RETIRED EMPLOYEES WELFARE BENEFIT FUND, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $131K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 38% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO EMPLOYEES WHO RETIRE.

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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 $0
Investment Income $131,453
Other Revenue $0
TOTAL REVENUE $131,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $43,630
TOTAL EXPENSES $81,380

Year-over-Year Comparison

2023 2022 Change
Revenue $131,453 $75,609 +0.7%
Expenses $81,380 $81,484 0.0%
Net Income $50,073 $-5,875 -9.5%
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
18
Independent Members
18
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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven J Corwin MD Chairman 1.0
Officer Director
$0 $0 $0
Michael J Dowling Secretary 1.0
Officer Director
$0 $0 $0
Joseph J Lhota Treasurer 1.0
Officer Director
$0 $0 $0
Scott LaRue BOARD MEMBER 1.0
Director
$0 $0 $0
Sandra Scott MD BOARD MEMBER 1.0
Director
$0 $0 $0
LaRay Brown BOARD MEMBER 1.0
Director
$0 $0 $0
Bruce J Flanz BOARD MEMBER 1.0
Director
$0 $0 $0
Paul Rosenfeld BOARD MEMBER 1.0
Director
$0 $0 $0
Kenneth D Gibbs BOARD MEMBER 1.0
Director
$0 $0 $0
David Wagner BOARD MEMBER 1.0
Director
$0 $0 $0
Philip O Ozuah MD PhD BOARD MEMBER 1.0
Director
$0 $0 $0
Kenneth L Davis MD BOARD MEMBER 1.0
Director
$0 $0 $0
Robert Guimento BOARD MEMBER 1.0
Director
$0 $0 $0
Michael N Rosenblut BOARD MEMBER 1.0
Director
$0 $0 $0
Ronald J Corti BOARD MEMBER 1.0
Director
$0 $0 $0
Dr David Perlstein BOARD MEMBER 1.0
Director
$0 $0 $0
Gary G Terrinoni BOARD MEMBER 1.0
Director
$0 $0 $0
Jeffrey I Farber MD BOARD MEMBER 1.0
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 $131,453 $81,380 $2,473,829 $50,073
2022 $75,609 $81,484 $2,295,878 $-5,875
2021 $271,481 $71,484 $2,683,530 $199,997
2020 $254,612 $33,167 $2,483,533 $221,445
2019 $372,680 $28,448 $2,262,088 $344,232
2018 $30,000 $21,696 $1,917,856 $8,304
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