RDWA - 8 INSURANCE & TRUST FUND UNITED UNION OF ROOFERS (EIN 111653210) - 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

1947

Legal Domicile

Principal Officer

NICHOLAS SICILIANO

Phone

7183610145

Tax Period

2024-01-01 to 2024-12-31

RDWA - 8 INSURANCE & TRUST FUND UNITED UNION OF ROOFERS, founded in 1947, is a mid-sized nonprofit that reported $40.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $39.2M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE MEMBERS UNDER A COLLECTIVE BARGAINING AGREEMENT.

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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 $39,433,329

Investment Income $1,391,942

Other Revenue $0

TOTAL REVENUE $40,825,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,066

Fundraising Expenses $0

Other Expenses $602,262

TOTAL EXPENSES $39,167,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,825,271	$36,451,839	+0.1%
Expenses	$39,167,597	$33,381,668	+0.2%
Net Income	$1,657,674	$3,070,171	-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

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

Total Directors

$697,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT VENTURA	UNION TRUSTEE/TRAINING DIR	2.00	Director	$0	$66,386	$216,599
THADDAEUS JUDD	UNION TRUSTEE/TRAINING DIR	2.00	Director	$0	$6,280	$28,624
NICHOLAS SICILIANO	UNION TRUSTEE	2.00	Director	$0	$65,018	$236,722
BARRY SCHADER	UNION TRUSTEE	2.00	Director	$0	$65,018	$215,231
VINCENT SABATINO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SCOTT WOLKOWITZ	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SHRI ATTRI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0

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	$40,825,271	$39,167,597	$47,659,203	$1,657,674
2023	$36,451,839	$33,381,668	$43,599,182	$3,070,171
2022	$34,559,950	$32,186,106	$38,419,916	$2,373,844
2021	$31,876,312	$30,700,980	$37,290,905	$1,175,332
2020	$28,107,200	$26,956,333	$34,253,886	$1,150,867
2019	$34,713,046	$30,795,946	$36,063,432	$3,917,100
2018	$25,958,605	$26,551,223	$30,779,995	$-592,618

RDWA - 8 INSURANCE & TRUST FUND UNITED UNION OF ROOFERS