UNITED UNION OF ROOFERS LOCAL 154 WELFARE FUND (EIN 111670612) - 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

1951

Legal Domicile

Principal Officer

SAL GIOVANNIELLO

Phone

6314350655

Tax Period

2023-01-01 to 2023-12-31

UNITED UNION OF ROOFERS LOCAL 154 WELFARE FUND, founded in 1951, is a community nonprofit in the Mutual Benefit sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 8% surplus.

Mission

TO PROVIDE HEALTH & WELFARE AND VACATION BENEFITS TO ELIGIBLE PARTICIPANTS IN THE FUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,490,814

Investment Income $229,261

Other Revenue $0

TOTAL REVENUE $5,720,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,571

TOTAL EXPENSES $5,265,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,720,075	$4,608,810	+0.2%
Expenses	$5,265,597	$4,657,901	+0.1%
Net Income	$454,478	$-49,091	-10.3%

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

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

Total Directors

$570,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MARTIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
WAYNE MASKIELL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SAL GIOVANNIELLO	UNION TRUSTEE	1.00	Director	$0	$74,309	$221,509
JOHN KEATING	UNION TRUSTEE	1.00	Director	$0	$74,309	$203,469
NATE MARTONE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY MINNICK	UNION TRUSTEE	1.00	Director	$0	$55,732	$145,852

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	No data	No data	No data	No data
2023	$5,720,075	$5,265,597	$6,289,850	$454,478
2022	$4,608,810	$4,657,901	$5,579,983	$-49,091
2021	$4,912,064	$4,585,386	$6,338,287	$326,678
2020	$4,169,195	$4,447,681	$5,112,058	$-278,486
2019	$4,603,771	$4,233,751	$5,208,228	$370,020
2018	$4,634,612	$3,969,346	$4,608,410	$665,266

UNITED UNION OF ROOFERS LOCAL 154 WELFARE FUND