JOINT BOARD OF TRUSTEES OF LOCAL 639 EMPLOYERS HEALTH TRUST FUND (EIN 530209136) - 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

1952

Legal Domicile

Principal Officer

RAY HOWARD

Phone

2026368181

Tax Period

2024-01-01 to 2024-12-31

JOINT BOARD OF TRUSTEES OF LOCAL 639 EMPLOYERS HEALTH TRUST FUND, founded in 1952, is a mid-sized nonprofit that reported $61.6M in total revenue in fiscal year 2024. The organization ran a surplus of $22.6M, a strong 37% operating margin.

Mission

TO PROVIDE HEALTH & WELFARE INSURANCE BENEFITS TO EMPLOYEES (AND THEIRELIGIBLE DEPENDENTS) OF CONTRIBUTING EMPLOYERS WHO ARE REPRESENTED BYTHE PARTICIPATING LOCAL UNION

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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 $53,002,416

Investment Income $8,585,920

Other Revenue $58,248

TOTAL REVENUE $61,646,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,820

Fundraising Expenses $0

Other Expenses $3,800,491

TOTAL EXPENSES $39,056,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,646,584	$59,840,003	+0.0%
Expenses	$39,056,003	$37,490,075	+0.0%
Net Income	$22,590,581	$22,349,928	+0.0%

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

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

Total Directors

$308,449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC D WEISS	TRUSTEE-EMPLOYER	2.00	Director	$12,000	$0	$12,000
MICHAEL BULL	TRUSTEE-EMPLOYER	2.00	Director	$12,000	$0	$12,000
THOMAS RATLIFF	TRUSTEE-UNION	2.00	Director	$12,000	$0	$12,000
FRANK W STEGMAN	TRUSTEE-EMPLOYER	2.00	Director	$12,000	$0	$12,000
WILLIAM DAVIS	TRUSTEE-UNION	2.00	Director	$0	$56,433	$224,449
PHILIP GILES	TRUSTEE-CHAIRMAN	2.00	Director	$12,000	$0	$12,000
RAYMOND HOWARD	TRUSTEE-SECRETARY	2.00	Director	$12,000	$0	$12,000
JOHN GIBSON	TRUSTEE-UNION	2.00	Director	$12,000	$0	$12,000

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	$61,646,584	$39,056,003	$359,693,825	$22,590,581
2023	$59,840,003	$37,490,075	$325,214,665	$22,349,928
2022	$61,493,805	$40,027,333	$293,933,238	$21,466,472
2021	$64,659,660	$41,007,676	$293,952,419	$23,651,984
2020	$75,671,211	$42,393,936	$255,617,961	$33,277,275
2019	$59,786,352	$36,954,013	$225,513,725	$22,832,339
2018	$56,526,496	$40,967,779	$188,054,598	$15,558,717

JOINT BOARD OF TRUSTEES OF LOCAL 639 EMPLOYERS HEALTH TRUST FUND