LOCAL 514 HEALTH AND WELFARE FUND

EIN: 467325928 Mutual Benefit

WHITE PLAINS, NY

Total Revenue
$1,773,323
Total Expenses
$1,642,414
Total Assets
$491,737
Net Assets
$313,997
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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
2016
Legal Domicile
NY
Principal Officer
JOSH GOTTLIEB
Phone
9147153449
Tax Period
2022-01-01 to 2022-12-31

LOCAL 514 HEALTH AND WELFARE FUND, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 7% surplus.

Mission

PROVIDE HEALTH COVERAGE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,773,735
Investment Income $2,360
Other Revenue $-2,772
TOTAL REVENUE $1,773,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,935
Fundraising Expenses $0
Other Expenses $50,956
TOTAL EXPENSES $1,642,414

Year-over-Year Comparison

2022 2021 Change
Revenue $1,773,323 $1,482,060 +0.2%
Expenses $1,642,414 $1,468,345 +0.1%
Net Income $130,909 $13,715 +8.5%
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
2
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
0
$0
Total Directors
2
$26,754
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH GOTTLIEB TRUSTEE 5.00
Director
$26,754 $0 $26,754
LOU GACCIONE 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
2022 $1,773,323 $1,642,414 $491,737 $130,909
2021 $1,482,060 $1,468,345 $376,654 $13,715
2020 $1,424,640 $1,392,861 $354,455 $31,779
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