PORT WASHINGTON, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LOCAL 804 WELFARE TRUST FUND, founded in 1950, is a major nonprofit that reported $140.2M in total revenue in fiscal year 2024.
THE LOCAL 804 WELFARE TRUST FUND WAS CREATED IN 1950, UNDER AN AGREEMENT AND DECLARATION OF TRUST, AS AMENDED, BETWEEN DELIVERY AND WAREHOUSE EMPLOYEES UNION, LOCAL 804 IBT (THE UNION") AND VARIOUS EMPLOYERS. THE UNION AND THE EMPLOYERS HAVE ENTERED INTO COLLECTIVE BARGAINING AGREEMENTS REQUIRING PAYMENTS BY THE EMPLOYERS FOR THE PURPOSE OF ESTABLISHING A WELFARE PROGRAM FOR THE EMPLOYERS TO PROVIDE WELFARE BENEFITS FOR THEIR EMPLOYEES AND THE EMPLOYEES OF THE UNION, AND THE EMPLOYEES OF THE LOCAL 804 WELFARE TRUST FUND.
PROVIDED HEALTH CARE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. ESTIMATED NUMBER OF PARTICIPANTS BENEFITED DURING THE PAST YEAR WAS 5,700.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $140,209,840 | $138,849,052 | +0.0% |
| Expenses | $148,845,294 | $143,284,526 | +0.0% |
| Net Income | $-8,635,454 | $-4,435,474 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRIS LANGAN | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK MCELREATH | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW LOUGHLIN | FORMER EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL CLAYTON | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENT PERRONE | UNION TRUSTEE | 1.00 |
Director
|
$0 | $58,700 | $217,609 |
| ANTONINO ROSCIGLIONE | UNION TRUSTEE | 1.00 |
Director
|
$0 | $58,700 | $216,439 |
| CHRISTOPHER WILLIAMSON | UNION TRUSTEE | 1.00 |
Director
|
$0 | $58,700 | $218,779 |
| MARK COHEN | UNION TRUSTEE | 1.00 |
Director
|
$0 | $58,700 | $215,789 |
| NICOLE PEITRANGELI | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARC PANTELEONE | FUND MANAGER | 26.00 |
Officer
|
$242,903 | $61,078 | $303,981 |
| JAMES PANTELEONE | IT AND BENEFIT CLAIMS ASSI | 61.00 |
Highest
|
$176,243 | $35,807 | $212,050 |
| MAGGIE WU | ACCOUNTANT | 39.00 |
Highest
|
$230,234 | $36,067 | $266,301 |
| CELIA LIAW | BENEFIT CLAIMS ASSISTANT | 46.00 |
Highest
|
$127,164 | $35,834 | $162,998 |
| CHRISTINE NICOLETTI | OFFICE MANAGER | 26.00 |
Highest
|
$143,396 | $61,078 | $204,474 |
| ANWAR ZAIDI | MEDICAL CLERK | 45.00 |
Highest
|
$104,431 | $35,749 | $140,180 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $140,209,840 | $148,845,294 | $151,269,833 | $-8,635,454 |
| 2024 | $138,849,052 | $143,284,526 | $152,158,930 | $-4,435,474 |
| 2023 | $136,580,884 | $128,317,082 | $154,905,188 | $8,263,802 |
| 2022 | $132,247,343 | $120,177,577 | $153,577,922 | $12,069,766 |
| 2021 | $126,158,102 | $101,423,889 | $147,164,982 | $24,734,213 |
| 2020 | $110,435,544 | $97,056,269 | $124,992,884 | $13,379,275 |
| 2019 | $101,870,503 | $91,777,160 | $104,966,889 | $10,093,343 |
| 2018 | $98,952,693 | $83,334,378 | $91,399,660 | $15,618,315 |
Compare LOCAL 804 WELFARE TRUST FUND with other nonprofits in New York and across the country.