AMALGAMATED UNION LOCAL 450-A WELFARE FUND

EIN: 061697982 Mutual Benefit

BAYSIDE, NY

Total Revenue
$8,127,285
Total Expenses
$8,109,552
Total Assets
$606,470
Net Assets
$606,470
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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
2003
Legal Domicile
NY
Principal Officer
CHARLES FERZOLA
Phone
7184284167
Tax Period
2024-01-01 to 2024-12-31

AMALGAMATED UNION LOCAL 450-A WELFARE FUND, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $8.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,127,285
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,127,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $152,432
TOTAL EXPENSES $8,109,552

Year-over-Year Comparison

2024 2023 Change
Revenue $8,127,285 $7,693,805 +0.1%
Expenses $8,109,552 $7,654,621 +0.1%
Net Income $17,733 $39,184 -0.5%
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
2
Independent Members
2
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
0
$0
Total Directors
2
$46,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SCHAUBER TRUSTEE 3.00
Director
$0 $0 $0
CHARLES FERZOLA TRUSTEE 3.00
Director
$0 $0 $46,000
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
2024 $8,127,285 $8,109,552 $606,470 $17,733
2023 $7,693,805 $7,654,621 $588,737 $39,184
2022 $7,034,401 $7,050,778 $549,553 $-16,377
2021 $6,546,063 $6,522,356 $565,930 $23,707
2020 $7,583,848 $7,567,381 $542,223 $16,467
2019 $7,509,620 $7,472,524 $525,756 $37,096
2018 $7,062,808 $7,055,486 $488,660 $7,322
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