LOCAL 666 BENEFIT TRUST FUND

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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

1969

Legal Domicile

Principal Officer

LUTHER B DUNN JR

Phone

6158590131

Tax Period

2024-01-01 to 2024-12-31

LOCAL 666 BENEFIT TRUST FUND, founded in 1969, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.7M, a strong 20% operating margin.

Mission

TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

PROVIDED MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE, AND LOSS OF INCOME 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 $17,903,031

Investment Income $956,404

Other Revenue $0

TOTAL REVENUE $18,859,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $721,801

TOTAL EXPENSES $15,173,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,859,435	$16,259,041	+0.2%
Expenses	$15,173,852	$14,735,154	+0.0%
Net Income	$3,685,583	$1,523,887	+1.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUTHER DUNN	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM O'HERN	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES SKELLY	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD PADILLA	TRUSTEE	2.00	Director	$0	$0	$0
SAM HOUCHINS	TRUSTEE	2.00	Director	$0	$0	$0
RICK TINSLEY	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
2024	$18,859,435	$15,173,852	$40,690,799	$3,685,583
2023	$16,259,041	$14,735,154	$35,694,411	$1,523,887
2022	$21,283,577	$15,700,470	$32,653,977	$5,583,107
2021	$17,960,281	$14,771,095	$28,719,235	$3,189,186
2020	$16,255,885	$12,967,319	$25,626,709	$3,288,566
2019	$17,342,842	$10,694,966	$22,085,275	$6,647,876
2018	$12,580,462	$9,518,806	$15,722,973	$3,061,656