PARI-MUTUEL EMPLOYEES LOCAL 280 HEALTH & WELFARE TRUST (EIN 942876118) - 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

1983

Legal Domicile

Principal Officer

SHANNON HINKLEY

Phone

6265746660

Tax Period

2024-02-01 to 2025-01-31

PARI-MUTUEL EMPLOYEES LOCAL 280 HEALTH & WELFARE TRUST, founded in 1983, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

PROVIDE HEALTH & WELFARE BENEFITS TO EMPLOYEES OF PARI-MUTUEL GUILD LOCAL 280.

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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 $1,868,367

Investment Income $46,442

Other Revenue $0

TOTAL REVENUE $1,914,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,960,792

Other Expenses $1,993,900

TOTAL EXPENSES $1,993,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,914,809	$2,035,795	-0.1%
Expenses	$1,993,900	$2,107,155	-0.1%
Net Income	$-79,091	$-71,360	+0.1%

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

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
JIM CORRELL	TRUSTEE	5.00	Director	$0	$0	$0
SHANNON HINKLEY	TRUSTEE	5.00	Director	$0	$0	$0
DARIK JAMES	TRUSTEE	5.00	Director	$0	$0	$0
JOHN FERRERO	TRUSTEE	5.00	Director	$0	$0	$0
DOUGLAS GOOBY	TRUSTEE	5.00	Director	$0	$0	$0
BILL NAVARRO	TRUSTEE	5.00	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
2025	$1,914,809	$1,993,900	$1,510,845	$-79,091
2024	$2,035,795	$2,107,155	$1,589,936	$-71,360
2023	$1,982,568	$2,209,814	$1,661,296	$-227,246
2022	$2,723,418	$2,683,243	$1,888,542	$40,175
2021	$3,675,144	$4,278,681	$1,848,367	$-603,537
2020	$4,410,508	$4,669,650	$2,451,904	$-259,142
2019	$4,922,942	$4,890,950	$2,711,046	$31,992

PARI-MUTUEL EMPLOYEES LOCAL 280 HEALTH & WELFARE TRUST