UFCW AND PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND (EIN 066069081) - 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

1959

Legal Domicile

Principal Officer

TIMOTHY MELIA

Phone

8604708551

Tax Period

2024-01-01 to 2024-12-31

UFCW AND PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND, founded in 1959, is a major nonprofit that reported $151.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THIS TRUST SHALL BE TO PROVIDE SUCH HEALTH AND WELFARE BENEFITS AS MAY BE AUTHORIZED OR PERMITTED BY LAW, WHICH MAY INCLUDE, BUT ARE NOT LIMITED TO DEATH BENEFITS, MEDICAL, HOSPITAL, SURGICAL, DENTAL, VISION AND PRESCRIPTION DRUG BENEFITS, EDUCATION BENEFITS AND SAFETY AND HEALTH TRAINING TO QUALIFIED PARTICIPANTS AND BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS SPECIFIED IN THE PLAN OF BENEFITS.

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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 $131,893,002

Investment Income $3,548,485

Other Revenue $16,419,232

TOTAL REVENUE $151,860,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,749

Fundraising Expenses $0

Other Expenses $5,065,138

TOTAL EXPENSES $158,954,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,860,719	$138,304,266	+0.1%
Expenses	$158,954,925	$154,445,122	+0.0%
Net Income	$-7,094,206	$-16,140,856	-0.6%

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

N/A

Employees

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

$1,229,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD PETRONELLA	UNION TRUSTEE	2.00	Director	$0	$38,598	$312,317
MARK ESPINOSA	UNION TRUSTEE	2.00	Director	$0	$20,170	$310,435
TIM MELIA	UNION TRUSTEE	2.00	Director	$0	$34,345	$251,599
FERNANDO LEMUS	UNION TRUSTEE	2.00	Director	$0	$18,171	$218,508
JEFF JONES	UNION TRUSTEE	2.00	Director	$0	$18,519	$136,793
PAT DURNING	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
CHRISTA KRAMER	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JASON PARADIS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SUSAN SANVILLE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
BOB SPINELLA	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
BARBARA FEDUMENTI	EXECUTIVE DIRECTOR	40.00	Highest	$154,747	$14,243	$168,990

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	$151,860,719	$158,954,925	$87,808,134	$-7,094,206
2023	$138,304,266	$154,445,122	$90,234,852	$-16,140,856
2022	$119,544,052	$141,128,900	$102,915,649	$-21,584,848
2021	$142,590,701	$150,425,218	$128,548,713	$-7,834,517
2020	$31,262,466	$21,574,918	No data	$9,687,548
2019	$29,865,402	$28,355,778	$47,855,054	$1,509,624
2018	$30,652,365	$28,863,988	$43,779,549	$1,788,377

UFCW AND PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND