UFCW AND PARTICIPATING EMPLOYERS INTERSTATE HEALTH & WELFARE FUND

EIN: 042433313

EAST PROVIDENCE, RI

Total Revenue
$70,424,970
Total Expenses
$72,052,112
Total Assets
$48,104,486
Net Assets
$41,954,308
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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
1967
Legal Domicile
RI
Principal Officer
RICHARD CHARETTE
Phone
4014354700
Tax Period
2019-05-01 to 2020-04-30

UFCW AND PARTICIPATING EMPLOYERS INTERSTATE HEALTH & WELFARE FUND, founded in 1967, is a mid-sized nonprofit that reported $70.4M in total revenue in fiscal year 2019. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, HEARING, PRESCRIPTION, DISABILITY, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL, DENTAL, VISION, HEARING, PRESCRIPTION, DISABILITY, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $69,307,510
Investment Income $1,032,194
Other Revenue $85,266
TOTAL REVENUE $70,424,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,000
Fundraising Expenses $0
Other Expenses $5,844,736
TOTAL EXPENSES $72,052,112

Year-over-Year Comparison

2019 2018 Change
Revenue $70,424,970 $76,579,924 -0.1%
Expenses $72,052,112 $70,534,002 +0.0%
Net Income $-1,627,142 $6,045,922 -1.3%
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

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Governance

Voting Members
6
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
1
$12,000
Total Directors
11
$983,262
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNDIE ESTEVAO UNION - ALTERNATE TRUSTEE 2.00
Director
$0 $30,488 $161,964
DOMENIC PONTARELLI UNION - ALTERNATE TRUSTEE 2.00
Director
$0 $30,547 $172,689
GENE DEL ROSARIO EMPLOYER - ALTERNATE TRUST 2.00
Director
$0 $0 $0
JAMES RONAYNE UNION TRUSTEE 2.00
Director
$0 $17,191 $109,591
JASON PARADIS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JEFF BOLLEN UNION TRUSTEE 2.00
Director
$0 $20,371 $176,371
SUSAN SANVILLE EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
TIMOTHY MELIA UNION TRUSTEE 2.00
Director
$0 $30,742 $208,588
TOM BROWN UNION - ALTERNATE TRUSTEE 2.00
Director
$0 $19,309 $154,059
ROBERT SPINELLA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
CHRISTA KRAMER EMPLOYER - ALTERNATE TRUST 2.00
Director
$0 $0 $0
RICHARD CHARETTE CHAIRMAN/PROFESSIONAL TRUS 10.00
Officer
$12,000 $0 $12,000
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
2020 $70,424,970 $72,052,112 $48,104,486 $-1,627,142
2020 $50,747,634 $42,186,088 No data $8,561,546
2019 $76,579,924 $70,534,002 $48,951,440 $6,045,922
2018 $70,365,571 $65,964,889 $42,419,320 $4,400,682
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