TRANSIT EMPLOYEES HEALTH AND WELFARE FUND (EIN 823692932) - 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

2014

Legal Domicile

Principal Officer

WILLIAM BERARDINO

Phone

5083989300

Tax Period

2023-01-01 to 2023-12-31

TRANSIT EMPLOYEES HEALTH AND WELFARE FUND, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $21.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $4.1M, a strong 19% operating margin.

Mission

TO PROVIDE DENTAL, VISION AND LIFE INSURANCE COVERAGE

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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 $20,704,251

Investment Income $770,059

Other Revenue $0

TOTAL REVENUE $21,474,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,151

Fundraising Expenses $0

Program Expenses $17,420,627

Other Expenses $103,895

TOTAL EXPENSES $17,420,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,474,310	$24,320,744	-0.1%
Expenses	$17,420,627	$17,575,545	0.0%
Net Income	$4,053,683	$6,745,199	-0.4%

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

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

$37,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BERARDINO	CHAIRMAN	5.00	Director	$0	$0	$0
AHMAD BARNES	TREASURER	5.00	Director	$0	$0	$0
WILL FOLEY	TRUSTEE	5.00	Director	$0	$0	$0
DANIEL KAZAKIS	TRUSTEE	5.00	Director	$0	$0	$0
KAREN MAXWELL	TRUSTEE	5.00	Director	$0	$0	$0
SIOBHAIN FEENEY	TRUSTEE	5.00	Director	$0	$0	$0
ASHLEY PEEL	ALTERNATE TRUSTEE	5.00	Director	$0	$0	$0
SCOTTPAGE	ALTERNATE TRUSTEE	5.00	Director	$0	$0	$0
DAVID HOLLIS	ALTERNATE TRUSTEE	5.00	Director	$0	$0	$0
BRIAN SHARPE	ALTERNATE TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL KELLER	PART-TIME ADMINISTRATOR	20.00	Officer	$37,301	$0	$37,301

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	$21,474,310	$17,420,627	$25,727,127	$4,053,683
2022	$24,320,744	$17,575,545	$23,583,225	$6,745,199
2021	$19,448,941	$15,617,619	$14,976,214	$3,831,322
2020	$16,366,581	$13,072,646	$11,130,394	$3,293,935
2019	$15,806,726	$12,866,925	$7,919,629	$2,939,801

TRANSIT EMPLOYEES HEALTH AND WELFARE FUND