ROOFERS LOCAL 241 INSURANCE FUND (EIN 510244401) - 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

1967

Legal Domicile

Principal Officer

MICHAEL ROSSI

Phone

5184893919

Tax Period

2024-07-01 to 2025-06-30

ROOFERS LOCAL 241 INSURANCE FUND, founded in 1967, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.3M left a modest 7% surplus.

Mission

SEE BELOW

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,390,325

Investment Income $121,398

Other Revenue $0

TOTAL REVENUE $3,511,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,882,653

Other Expenses $387,903

TOTAL EXPENSES $3,270,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,511,723	$3,783,238	-0.1%
Expenses	$3,270,556	$3,507,840	-0.1%
Net Income	$241,167	$275,398	-0.1%

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

$84,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROSSI	TRUSTEE	1.00	Director	$0	$0	$83,824
ANTHONY PAZMINO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM CREAMER	TRUSTEE	1.00	Director	$889	$0	$889
BOB FARRELL	TRUSTEE	1.00	Director	$0	$0	$0
TODD HELFRICH	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN O'SICK	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
2025	$3,511,723	$3,270,556	$3,507,434	$241,167
2024	$3,783,238	$3,507,840	$3,202,219	$275,398
2023	$3,447,396	$3,141,925	$2,874,204	$305,471
2022	$2,802,036	$2,544,885	$2,559,867	$257,151
2021	$2,463,488	$2,504,990	$2,451,196	$-41,502
2020	$3,052,824	$2,591,778	$2,454,189	$461,046
2019	$2,551,662	$2,053,198	$1,962,431	$498,464
2018	$2,031,902	$1,959,258	$1,457,083	$72,644

ROOFERS LOCAL 241 INSURANCE FUND