BAKERY DRIVERS LOCAL 802 WELFARE FUND (EIN 111945541) - 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

JAMES SHANNON

Phone

5163782011

Tax Period

2023-01-01 to 2023-12-31

BAKERY DRIVERS LOCAL 802 WELFARE FUND, founded in 1950, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.9M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,727,929

Investment Income $149,195

Other Revenue $0

TOTAL REVENUE $12,877,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,157

Fundraising Expenses $0

Other Expenses $223,371

TOTAL EXPENSES $11,928,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,877,124	$11,837,654	+0.1%
Expenses	$11,928,619	$10,001,832	+0.2%
Net Income	$948,505	$1,835,822	-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

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

$568,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE-ANNE LANGE	TRUSTEE	1.00	Director	$0	$0	$0
GERARD FASANO	TRUSTEE	1.00	Director	$0	$30,572	$290,022
COREY DEBLIS	TRUSTEE	1.00	Director	$0	$0	$3,930
JAMES SHANNON	TRUSTEE	1.00	Director	$0	$39,430	$274,523
BERNARD PATTON	TRUSTEE	1.00	Director	$0	$0	$0
FRANK O'HANLON	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$12,877,124	$11,928,619	$5,975,223	$948,505
2022	$11,837,654	$10,001,832	$5,043,845	$1,835,822
2021	$11,804,617	$9,897,958	$3,909,059	$1,906,659
2020	$12,480,136	$13,394,610	$2,147,056	$-914,474
2019	$12,619,571	$13,813,618	$6,240,589	$-1,194,047
2018	$11,792,770	$13,878,776	$6,732,098	$-2,086,006

BAKERY DRIVERS LOCAL 802 WELFARE FUND