NYSNA RETIREE HEALTH FUND VEBA AT THE BROOKLYN HOSPITAL CENTER (EIN 874774488) - 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

2022

Legal Domicile

Principal Officer

GUY MENNONNA

Phone

8007227214

Tax Period

2024-01-01 to 2024-12-31

NYSNA RETIREE HEALTH FUND VEBA AT THE BROOKLYN HOSPITAL CENTER, founded in 2022, is a small nonprofit in the Mutual Benefit sector that reported $110K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 22% operating margin.

Mission

THE TRUST IS ESTABLISHED FOR THE EXCLUSIVE PURPOSE OF PROVIDING REIMBURSEMENT OF QUALIFYING MEDICAL EXPENSES FOR ELIGIBLE RETIRED COVERED EMPLOYEES UPON THEIR RETIREMENT, AS PROVIDED IN THE COLLECTIVE BARGAINING AGREEMENT, AND TO FURTHER PROVIDE MEANS FOR FINANCING AND MAINTAINING THE OPERATION AND ADMINISTRATION OF THE TRUST AND THE PLAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $110,028

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $27,651

TOTAL EXPENSES $85,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,028	$203,578	-0.5%
Expenses	$85,674	$91,965	-0.1%
Net Income	$24,354	$111,613	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA MITCHELL	FORMER UNION TRUSTEE	0.50	Director	$0	$0	$0
YVETTE BYER-HENRY	UNION TRUSTEE	0.50	Director	$0	$0	$0
JEFFREY SCHIOPPA	UNION TRUSTEE	0.50	Director	$0	$0	$0
GUY MENNONNA	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JOHN WALSH	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
TOM FOLEY	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
MARCELLE WILLOCK	UNION TRUSTEE	0.50	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	$110,028	$85,674	$592,300	$24,354
2023	$203,578	$91,965	$567,946	$111,613
2022	$456,348	$15	$456,333	$456,333

NYSNA RETIREE HEALTH FUND VEBA AT THE BROOKLYN HOSPITAL CENTER