Local 342 Insurance Trust C O Galvin Murphy
501(c)(9)
Only null% goes to programs Strong reserves
Local 342 Insurance Trust C O Galvin Murphy is a 501(c)(9) organization based in Shirley, New York, registered in 1977, with $1,266,688 in FY2024 revenue. CharityIndex grades it C+.
501 William Floyd Pkwy, Shirley, NY, 11967 EIN 23-7428792 Since 1977
Revenue (FY2024)
$1.3M
▼ 0.8% vs prior year
Expenses (FY2024)
$1.2M
Net assets
$3.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local 342 Insurance Trust C O Galvin Murphy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating32 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local 342 Insurance Trust C O Galvin Murphy: 32 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Local 342 Insurance Trust C O Galvin Murphy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local 342 Insurance Trust C O Galvin Murphy: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.1M (FY2013) to $1.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $248KNet assets $3.1M
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4M
Total liabilities
$248K
Net assets
$3.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,266,688▼0.8% | $1,161,483▲5.0% | $3,141,222▲7.4% | $3,389,347▲7.4% | 990 |
| 2023 | $1,276,640▲10.5% | $1,106,199▼2.1% | $2,923,964▲13.6% | $3,154,680▲12.5% | 990 |
| 2022 | $1,155,339▼5.2% | $1,129,415▲8.2% | $2,574,549▼15.0% | $2,803,783▼12.9% | 990 |
| 2021 | $1,218,446▲4.1% | $1,043,753▲5.0% | $3,027,825▲8.7% | $3,217,821▲8.1% | 990 |
| 2020 | $1,170,248▲8.5% | $993,778▼12.0% | $2,786,637▲15.3% | $2,976,367▲14.2% | 990 |
| 2019 | $1,078,779▼2.9% | $1,129,141▲1.8% | $2,417,876▲8.8% | $2,606,518▲8.2% | 990 |
| 2018 | $1,111,339▼1.1% | $1,108,918▲0.2% | $2,223,077▼4.9% | $2,408,842▼5.1% | 990 |
| 2017 | $1,124,221▼0.5% | $1,106,863▲0.1% | $2,338,330▲7.4% | $2,539,536▲8.0% | 990 |
| 2016 | $1,129,723▲10.4% | $1,106,195▼0.3% | $2,176,750▲5.3% | $2,350,629▲5.6% | 990 |
| 2015 | $1,023,314▼15.0% | $1,109,356▲0.4% | $2,067,450▼11.2% | $2,226,732▼10.2% | 990 |
| 2014 | $1,203,863▲7.8% | $1,105,304▼0.2% | $2,328,823▼3.6% | $2,479,786▼3.6% | 990 |
| 2013 | $1,117,111 | $1,107,924▲0.5% | $2,414,801▲3.2% | $2,571,623▲3.5% | 990 |
| 2012 | — | $1,102,661▲11.4% | $2,339,702▲8.6% | $2,483,605▲7.6% | 990 |
| 2011 | — | $989,428▲7.7% | $2,153,821▼9.5% | $2,308,993▼3.9% | 990 |
| 2010 | — | $918,870 | $2,379,543 | $2,403,762 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Local 342 Insurance Trust C O Galvin Murphy a legitimate nonprofit?
- Yes. Local 342 Insurance Trust C O Galvin Murphy is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-7428792, based in Shirley, New York.
- What is Local 342 Insurance Trust C O Galvin Murphy's EIN?
- Local 342 Insurance Trust C O Galvin Murphy's Employer Identification Number (EIN) is 23-7428792.
- How much revenue does Local 342 Insurance Trust C O Galvin Murphy report?
- Local 342 Insurance Trust C O Galvin Murphy reported $1,266,688 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Local 342 Insurance Trust C O Galvin Murphy have?
- CharityIndex grades Local 342 Insurance Trust C O Galvin Murphy C+, based on financial health (reserves and operating margin).
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Explore more
Data for Local 342 Insurance Trust C O Galvin Murphy (EIN 23-7428792) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.