FLORIDA LABORERS HEALTH FUND (EIN 596369928) - 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

1971

Legal Domicile

Principal Officer

GLENN FARNER

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

FLORIDA LABORERS HEALTH FUND, founded in 1971, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 22% operating margin.

Mission

THE PROVISION OF BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,712,902

Investment Income $1,865,603

Other Revenue $164,287

TOTAL REVENUE $11,742,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,488

Fundraising Expenses $0

Other Expenses $1,397,814

TOTAL EXPENSES $9,207,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,742,792	$6,869,298	+0.7%
Expenses	$9,207,008	$9,242,435	0.0%
Net Income	$2,535,784	$-2,373,137	-2.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN FARNER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHARLES J O'REILLY	TRUSTEE	2.00	Director	$0	$0	$0
ANDREI ROLLE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID RUTLEDGE	TRUSTEE	2.00	Director	$0	$0	$0
H PRESTON TAYLOR	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2023	$11,742,792	$9,207,008	$21,381,542	$2,535,784
2022	$6,869,298	$9,242,435	$18,918,425	$-2,373,137
2021	$8,809,889	$9,399,494	$21,527,387	$-589,605
2020	$9,394,791	$6,447,079	$21,005,193	$2,947,712
2019	$11,814,690	$9,269,931	$18,891,017	$2,544,759
2018	$10,493,078	$7,754,615	$15,939,572	$2,738,463

FLORIDA LABORERS HEALTH FUND