Civic Intelligence

Local 426 Health Benefit Fund

EIN 87-1481071 • 501(c)9 • Valley Stream, NY

RevokedNTEE E02

Profile

Provide health insurance for eleigible members

Revocation date: Feb 15, 2024

420 Wet Merrick RoadValley Stream, NY 11580

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $10M-$25M nonprofits • Source year 2024

Net Margin

67th percentile

5.2%

Higher net margin than 67% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE E • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

177%

Faster asset growth than 99% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

91%

Faster revenue growth than 93% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$1,692,877

Up $1,082,723 (+177%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,692,877

Up $1,082,723 (+177%) from 2023

Operations
Liabilities / Revenue4th percentileNet Margin67th percentile

Revenue

Up

$20,658,714

Up $9,859,448 (+91%) from 2023

Expenses

Up

$19,575,991

Up $9,246,037 (+90%) from 2023

Net Income

Up

$1,082,723

Up $613,411 (+131%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2023: $610,154Liabilities 2023: $0Net Assets 2023: $610,1542023Assets 2024: $1,692,877Liabilities 2024: $0Net Assets 2024: $1,692,8772024

Highlighted filing

2024

Assets$1,692,877
Liabilities$0
Net Assets$1,692,877
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Revenue 2023: $10,799,266Expenses 2023: $10,329,954Net Income 2023: $469,3122023Revenue 2024: $20,658,714Expenses 2024: $19,575,991Net Income 2024: $1,082,7232024

Highlighted filing

2024

Revenue$20,658,714
Expenses$19,575,991
Net Income$1,082,723
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,692,877
Liabilities
$0
Net assets
$1,692,877
Revenue
$20,658,714
Expenses
$19,575,991
Net income
$1,082,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$20.7$19.6$1.08
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$10.8$10.3$0.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$20,658,714
Mission and Program Overview

Mission

Provide health insurance for eleigible members

Provide pension benefits to eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$610,154$1,692,877▲ $1,082,723
Investments in Publicly Traded Securities-$1,400,000-
Cash and Non-Interest-Bearing Accounts$610,154$292,877▼ $317,277
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$610,154$1,692,877▲ $1,082,723
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$610,154$1,692,877▲ $1,082,723
Total Liabilities and Net Assets / Fund Balance$610,154$1,692,877▲ $1,082,723
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Daniel GattoTrustee
Dr GassTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,658,714
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,082,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,927
Other Expenses$66,322
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$19,399,742--$19,399,742
Other Salaries and Wages$65,429--$65,429
Information Technology$27,479--$27,479
Other Employee Benefits$18,013--$18,013
Fees for Services Accounting$15,900--$15,900
Pension Plan Contributions$13,113--$13,113
Fees for Services Legal$10,000--$10,000
Payroll Taxes$7,164--$7,164
Insurance$6,366--$6,366
Current Officers, Directors, Trustees, and Key Employees$6,208--$6,208
Other Expenses$3,304--$3,304
Occupancy$3,273--$3,273
Total Functional Expenses$19,575,991$0$0$19,575,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Presented at trustee meetings”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Local 426 Health Benefit Fund
EIN
87-1481071
Phone
5168251851
Address
420 WET MERRICK ROAD, VALLEY STREAM, NY 11580

Signing Officer

Name
Daniel Gatto
Title
Trustee
Phone
5168251851
Signed
2025-05-09

Organization Details

Principal Officer
Daniel Gatto
Formed
2021
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Lawrence S Fischer CPA
Address
92 DOSORIS LANE, GLEN COVE, NY 11542
Preparer
Lawrence Fischer
Phone
5167590801
Raw XML Appendix259 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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