RETAIL CLERKS UNION LOCAL 1500 LEGAL SER TRUST FUND

EIN: 112531776

WESTBURY, NY

Total Revenue
$356,473
Total Expenses
$373,721
Total Assets
$381,008
Net Assets
$357,995
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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
1979
Legal Domicile
NY
Principal Officer
ALY WADDY
Phone
5162141300
Tax Period
2023-01-01 to 2023-12-31

RETAIL CLERKS UNION LOCAL 1500 LEGAL SER TRUST FUND, founded in 1979, is a small nonprofit that reported $356K in total revenue in fiscal year 2023.

Mission

TO PROVIDE EMPLOYEE BENEFITS IN THE FORM OF PREPAID LEGAL SERVICES TO MEMBERS OF UFCW LOCAL 1500.

Program Service Accomplishments

Program 1

TO PROVIDE EMPLOYEE BENEFITS IN THE FORM OF PREPAID LEGAL SERVICES TO MEMBERS OF UFCW LOCAL 1500.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $342,663
Investment Income $13,810
Other Revenue $0
TOTAL REVENUE $356,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,980
Fundraising Expenses $0
Other Expenses $109,181
TOTAL EXPENSES $373,721

Year-over-Year Comparison

2023 2022 Change
Revenue $356,473 $346,892 +0.0%
Expenses $373,721 $362,336 +0.0%
Net Income $-17,248 $-15,444 +0.1%
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

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Governance

Voting Members
4
Independent Members
2
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
2
$477,759
Total Directors
4
$477,759
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SPINELLA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ALY WADDY UNION TRUSTEE 2.00
Officer Director
$0 $36,573 $345,068
PAT DURNING EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHELE WRIGHT UNION TRUSTEE 2.00
Officer Director
$0 $27,717 $132,691
JOSEPH WADDY EVP/RECORDER 1.00
Highest
$0 $32,955 $270,000
PAUL SANTARPIA VICE PRESIDENT 1.00
Highest
$0 $27,376 $195,204
JULIUS SCORZELLI VICE PRESIDENT 1.00
Highest
$0 $26,410 $161,484
LYNN SHIELS VICE PRESIDENT 1.00
Highest
$0 $11,901 $214,174
ROBERT NEWELL PRESIDENT 1.00
Highest
$0 $41,614 $414,088
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 $356,473 $373,721 $381,008 $-17,248
2022 $346,892 $362,336 $391,467 $-15,444
2021 $352,439 $332,287 $390,687 $20,152
2020 $371,604 $340,802 $374,812 $30,802
2019 $386,772 $405,896 $355,308 $-19,124
2018 $354,647 $343,757 $361,982 $10,890
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