LOCAL 426 HEALTH BENEFIT FUND

EIN: 871481071 Health Care

VALLEY STREAM, NY

Total Revenue
$20,658,714
Total Expenses
$19,575,991
Total Assets
$1,692,877
Net Assets
$1,692,877
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
2021
Principal Officer
DANIEL GATTO
Phone
5168251851
Tax Period
2023-10-01 to 2024-09-30

LOCAL 426 HEALTH BENEFIT FUND, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $20.7M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $19.6M left a modest 5% surplus.

Mission

PROVIDE PENSION BENEFITS TO ELIGIBLE PARTICIPANTS

🔒

Trantor Score

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)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,658,714
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,658,714

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,927
Fundraising Expenses $0
Program Expenses $19,575,992
Other Expenses $66,322
TOTAL EXPENSES $19,575,991

Year-over-Year Comparison

2023 2022 Change
Revenue $20,658,714 $10,799,266 +0.9%
Expenses $19,575,991 $10,329,954 +0.9%
Net Income $1,082,723 $469,312 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
2
Independent Members
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL GATTO TRUSTEE 2.00
Director
$0 $0 $0
DR GASS 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 $20,658,714 $19,575,991 $1,692,877 $1,082,723
2023 No data No data No data No data
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOCAL 426 HEALTH BENEFIT FUND with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.