LOCAL 804 WELFARE TRUST FUND (EIN 111637886) - 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

1950

Legal Domicile

Principal Officer

MARC PANTELEONE

Phone

7187865410

Tax Period

2024-06-01 to 2025-05-31

LOCAL 804 WELFARE TRUST FUND, founded in 1950, is a major nonprofit that reported $140.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH CARE 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 $138,178,907

Investment Income $1,372,829

Other Revenue $658,104

TOTAL REVENUE $140,209,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,953,295

Fundraising Expenses $0

Other Expenses $2,167,716

TOTAL EXPENSES $148,845,294

Year-over-Year Comparison

	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%

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

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

$303,981

Total Directors

$868,616

Key Employees

Highest Compensated

reported

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

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
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

LOCAL 804 WELFARE TRUST FUND