ENGLEWOOD CLIFFS, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALTH PROFESSIONALS AND ALLIED EMPLOYEE AFT/AFL-CIO RETIREE MEDICAL TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2.0M, a strong 71% operating margin.
THE FUND IS A WELFARE BENEFIT PROGRAM THAT IS MAINTAINED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS BETWEEN HEALTH PROFESSIONALS AND ALLIED EMPLOYEES, AFT/AFL-CIO (HPAE), A LABOR ORGANIZATION, WHICH NEGOTIATES BENEFITS FOR ITS MEMBERS AND VARIOUS HOSPITALS. HPAE PROVIDES COVERAGE FOR THEIR ELIGIBLE MEMBERS, WHEREAS EMPLOYERS IN CONTRACT WITH COLLECTIVE BARGAINING AGREEMENTS CONTRIBUTE TO THE TRUST FOR THE PURPOSE OF FUNDING, IN WHOLE, OR IN PART, RETIREE HEALTH BENEFITS.
TO PROVIDE RETIREE HEALTH BENEFITS TO APPROXIMATELY 14,700 PARTICIPANTS AND DEPENDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,770,791 | $3,136,154 | -0.1% |
| Expenses | $815,417 | $766,007 | +0.1% |
| Net Income | $1,955,374 | $2,370,147 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL SLOTT | UNION TRUSTEE-CHAIRMAN | 5.00 |
Director
|
$0 | $0 | $0 |
| LOUIS LESSIG | EMPLOYER TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ALICE HOWARTH | UNION TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ROY PARK | FORMER EMPLOYER TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,770,791 | $815,417 | $35,612,139 | $1,955,374 |
| 2022 | $3,136,154 | $766,007 | $29,479,746 | $2,370,147 |
| 2021 | $5,700,101 | $707,177 | $33,337,875 | $4,992,924 |
| 2020 | $3,845,696 | $503,490 | $27,424,641 | $3,342,206 |
| 2019 | $2,687,558 | $445,243 | $22,794,432 | $2,242,315 |
| 2018 | $2,845,346 | $360,431 | $17,620,927 | $2,484,915 |
Compare HEALTH PROFESSIONALS AND ALLIED EMPLOYEE AFT/AFL-CIO RETIREE MEDICAL TRUST with other nonprofits in New Jersey and across the country.