ROAD CARRIERS LOCAL 707 WELFARE FUND

EIN: 112159859

HEMPSTEAD, NY

Total Revenue
$11,470,227
Total Expenses
$11,385,500
Total Assets
$31,573,871
Net Assets
$31,449,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NY
Principal Officer
KEVIN MCCAFFREY
Phone
5165608516
Tax Period
2024-09-01 to 2025-08-31

ROAD CARRIERS LOCAL 707 WELFARE FUND, founded in 1950, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $31.4M represent 33 months of operating reserves.

Mission

TO PROVIDE HOSPITAL, MEDICAL, DENTAL, DRUG, OPTICAL, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ITS ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITAL, MEDICAL, DENTAL, DRUG, OPTICAL, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ITS ELIGIBLE MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,408,990
Investment Income $1,030,156
Other Revenue $31,081
TOTAL REVENUE $11,470,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $364,594
Fundraising Expenses $0
Other Expenses $802,348
TOTAL EXPENSES $11,385,500

Year-over-Year Comparison

2024 2023 Change
Revenue $11,470,227 $12,119,505 -0.1%
Expenses $11,385,500 $11,534,190 0.0%
Net Income $84,727 $585,315 -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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
3
Employees
5
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
0
$0
Total Directors
6
$398,877
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MCCAFFREY UNION TRUSTEE 2.00
Director
$0 $50,623 $156,637
STEVE DUSKO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
DANIEL THOMAS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JOHN ZIRPOLI III UNION TRUSTEE 2.00
Director
$0 $50,623 $115,870
CHARLES WHITE UNION TRUSTEE 2.00
Director
$0 $50,623 $126,370
JOHN YANCIGAY EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JESSICA D'ANGELO ASSISTANT FUND MANAGER 40.00
Highest
$126,491 $36,160 $162,651
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 $11,470,227 $11,385,500 $31,573,871 $84,727
2024 $12,119,505 $11,534,190 $30,135,226 $585,315
2023 $19,863,472 $19,080,624 $27,698,411 $782,848
2022 $21,648,483 $19,755,448 $26,123,821 $1,893,035
2021 $21,078,203 $18,975,293 $26,798,550 $2,102,910
2020 $21,239,162 $22,987,010 $21,820,287 $-1,747,848
2019 $20,096,228 $16,419,028 $22,336,917 $3,677,200
2018 $18,038,273 $15,109,058 $18,662,715 $2,929,215
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