BAKERY CONFECTIONERY TOBACCO WORKERS & GRAIN MILLERS LOCAL 102 WELFARE FUND (EIN 111839597) - 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

1962

Legal Domicile

Principal Officer

RAYMOND AQUILINO

Phone

7187387300

Tax Period

2024-01-01 to 2024-12-31

BAKERY CONFECTIONERY TOBACCO WORKERS & GRAIN MILLERS LOCAL 102 WELFARE FUND, founded in 1962, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. The organization ran a surplus of $3.1M, a strong 31% operating margin.

Mission

TO PROVIDE MEDICAL BENEFITS TO PARTICIPANTS AND THEIR COVERED DEPENDENTS.

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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 $8,949,825

Investment Income $754,007

Other Revenue $26,483

TOTAL REVENUE $9,730,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,142

Fundraising Expenses $0

Other Expenses $419,365

TOTAL EXPENSES $6,676,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,730,315	$9,479,348	+0.0%
Expenses	$6,676,154	$7,239,264	-0.1%
Net Income	$3,054,161	$2,240,084	+0.4%

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

$272,364

Total Directors

$321,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND AQUILINO	PRESIDENT	15.00	Officer Director	$134,750	$58,234	$272,364
RICHARD SANDUSKY	EMPLOYER TRUSTEE	3.00	Director	$0	$0	$0
HENRY MCKAY	UNION TRUSTEE	3.00	Director	$48,880	$0	$48,880
SANFORD WIENER	EMPLOYER TRUSTEE	3.00	Director	$0	$0	$0
ROBERT HANNA	EMPLOYER TRUSTEE	3.00	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	$9,730,315	$6,676,154	$18,117,519	$3,054,161
2023	$9,479,348	$7,239,264	$14,182,796	$2,240,084
2022	$9,486,687	$8,410,103	$10,851,049	$1,076,584
2021	$9,370,022	$8,644,109	$11,202,957	$725,913
2020	$9,179,117	$8,306,842	$10,151,176	$872,275
2019	$8,976,170	$7,929,189	$8,600,461	$1,046,981
2018	$8,713,788	$4,716,704	$7,133,943	$3,997,084

BAKERY CONFECTIONERY TOBACCO WORKERS & GRAIN MILLERS LOCAL 102 WELFARE FUND