LOCAL 409-409A INTL UNION FOR OPER EGNRS DBA SUPPLEMENTAL BENEFIT FUND (EIN 510240127) - 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

1972

Legal Domicile

Principal Officer

ROBERT FERRIS

Phone

7165363307

Tax Period

2022-07-01 to 2023-06-30

LOCAL 409-409A INTL UNION FOR OPER EGNRS DBA SUPPLEMENTAL BENEFIT FUND, founded in 1972, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.3M left a modest 7% surplus.

Mission

TO PROVIDE HEALTHCARE AND SUPPLEMENTAL BENEFITS TO A DEFINED GROUP OF SCHOOL ENGINEERS AND CUSTODIANS. BENEFITS INCLUDE, BUT ARE NOT LIMITED TO, HEALTHCARE, VISION, DENTAL AND GROUP LIFE INSURANCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,403,830

Investment Income $19,447

Other Revenue $0

TOTAL REVENUE $2,423,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,239,857

Other Expenses $19,389

TOTAL EXPENSES $2,259,246

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,423,277	$4,526,958	-0.5%
Expenses	$2,259,246	$4,502,563	-0.5%
Net Income	$164,031	$24,395	+5.7%

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

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
ROBERT FERRIS	CURRENT ADMINISTRATOR	4.00	Officer Director	$0	$0	$0
JEFFREY LATHROP	ADMINISTRATOR (TO 10/28/22)	4.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,423,277	$2,259,246	$455,607	$164,031
2022	$4,526,958	$4,502,563	$296,130	$24,395
2021	$4,568,509	$4,532,730	$308,162	$35,779
2020	$4,538,766	$4,531,142	$249,022	$7,624
2019	$4,569,711	$4,559,175	$238,886	$10,536
2018	$4,511,010	$4,513,750	$221,220	$-2,740
2017	$3,501,646	$3,511,644	$224,287	$-9,998

LOCAL 409-409A INTL UNION FOR OPER EGNRS DBA SUPPLEMENTAL BENEFIT FUND