Flushing, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)HEALTH REIMBURSEMENT ACCOUNT FUND OF THE ELECTRICAL INDUSTRY, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $62.6M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.
The Plan collects and invests funds received from electrical contractors for the purpose of providing benefits to members of Local 3. The Plan adopted amendments to its plan provisions in compliance with the Affordable Care Act effective January 1, 2014.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $62,640,229 | $52,253,670 | +0.2% |
| Expenses | $66,114,510 | $55,799,223 | +0.2% |
| Net Income | $-3,474,281 | $-3,545,553 | 0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kristine DeNapoli | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Erikson | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| William Hofving | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Craig Gilston | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Joseph Proscia | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Joseph Santigate | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Lance Van Arsdale | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN MANNINO | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Stephen Gianotti | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Erikson Jr | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| John Villafane | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Carol Kleinberg | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Thomas Cleary | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Steven Lazzaro | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Mark Kleinknecht | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Amabile | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $62,640,229 | $66,114,510 | $122,944,584 | $-3,474,281 |
| 2023 | $52,253,670 | $55,799,223 | $126,454,473 | $-3,545,553 |
| 2022 | $47,126,968 | $49,741,827 | $129,953,040 | $-2,614,859 |
| 2021 | $42,957,769 | $47,139,374 | $132,750,726 | $-4,181,605 |
| 2020 | $41,160,613 | $43,687,341 | $136,963,317 | $-2,526,728 |
| 2019 | $32,298,501 | $33,067,068 | $139,603,011 | $-768,567 |
| 2018 | $29,784,711 | $26,564,342 | $140,909,184 | $3,220,369 |
Compare HEALTH REIMBURSEMENT ACCOUNT FUND OF THE ELECTRICAL INDUSTRY with other nonprofits in New York and across the country.