LODGE 447 FRINGE BENEFIT TRUST

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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

1976

Legal Domicile

Principal Officer

NORMAN SHREVE

Phone

2019478000

Tax Period

2024-07-01 to 2025-06-30

LODGE 447 FRINGE BENEFIT TRUST, founded in 1976, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $243K, a strong 23% operating margin.

Mission

THE FUND IS CREATED FOR THE PURPOSE OF PROVIDING AND MAINTAINING DENTAL, OPTICAL, AND OTHER FRINGE BENEFITS FOR THE FAMILIES OF SUCH EMPLOYEES AS DEFINED BY THE TRUSTEES.

Program Service Accomplishments

Program 1

TO PROVIDE DENTAL, OPTICAL AND LEGAL BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $1,021,033

Investment Income $24,018

Other Revenue $0

TOTAL REVENUE $1,045,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $218,360

TOTAL EXPENSES $801,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,045,051	$1,007,708	+0.0%
Expenses	$801,893	$649,054	+0.2%
Net Income	$243,158	$358,654	-0.3%

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

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

$872,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN SHREVE	UNION TRUSTEE	5.00	Director	$0	$34,089	$252,473
CRISTINO VILORIO	UNION TRUSTEE	5.00	Director	$0	$33,340	$216,808
WILLIAM SENFF	UNION TRUSTEE	5.00	Director	$0	$47,595	$210,479
ROBERT PAESE	UNION TRUSTEE	5.00	Director	$0	$22,813	$193,179
NICK DANDREA JR	EMPLOYER TRUSTEE (P)	5.00	Director	$0	$0	$0
JEFFREY ISAACS	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
GREGG NIERENBERG	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
TODD SOCIA	EMPLOYER TRUSTEE	5.00	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	$1,045,051	$801,893	$4,792,884	$243,158
2024	No data	No data	No data	No data
2023	$943,258	$710,362	$3,936,463	$232,896
2022	$915,899	$683,861	$4,092,043	$232,038
2021	$964,438	$689,538	$3,575,242	$274,900
2020	$1,015,565	$769,644	$3,310,955	$245,921
2019	$1,256,313	$1,057,801	$3,046,684	$198,512
2018	$1,410,317	$1,136,199	$2,805,348	$274,118