LOCAL 282 WELFARE TRUST FUND

EIN: 116244552

LAKE SUCCESS, NY

Total Revenue
$128,283,405
Total Expenses
$136,743,248
Total Assets
$184,705,462
Net Assets
$154,539,667
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NY
Principal Officer
THOMAS GESUALDI
Phone
5164882822
Tax Period
2024-01-01 to 2024-12-31

LOCAL 282 WELFARE TRUST FUND, founded in 1950, is a major nonprofit that reported $128.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH, WELFARE AND OTHER BENEFITS TO PLAN PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $103,159,724
Investment Income $11,964,572
Other Revenue $13,159,109
TOTAL REVENUE $128,283,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,570,495
Fundraising Expenses $0
Other Expenses $6,641,454
TOTAL EXPENSES $136,743,248

Year-over-Year Comparison

2024 2023 Change
Revenue $128,283,405 $104,672,572 +0.2%
Expenses $136,743,248 $99,863,938 +0.4%
Net Income $-8,459,843 $4,808,634 -2.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
40
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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIO BULDING FUND MANAGER 18.25
$295,886 $139,352 $435,238
THOMAS ZULTKO INSTRUCTOR 0.00
$157,971 $74,699 $232,670
Hong Ying Li Controller 15.50
$115,162 $57,621 $172,783
Ho Y Ho Payroll auditor 16.00
$103,811 $64,162 $167,973
OCTAVIA MALONE Pension Clerk 0.00
$107,173 $57,334 $164,507
PATRICK SHURE Accounts Payable 32.00
$107,039 $56,593 $163,632
FRANK FINKEL Trustee 1.50
Director
$0 $0 $0
MARC HERBST Trustee 1.50
Director
$0 $0 $0
THOMAS CORBETT Trustee 1.50
Director
$0 $0 $0
LOUIS BISIGNANO Trustee 1.50
Director
$0 $0 $0
THOMAS GESUALDI Trustee 1.50
Director
$0 $0 $0
MICHAEL BOURGAL JR Trustee 1.50
Director
$0 $0 $0
MICHAEL O'TOOLE Trustee 1.50
Director
$0 $0 $0
DARIN JEFFERS Trustee 1.50
Director
$0 $0 $0
ROBERT G WESSELS Trustee 1.50
Director
$0 $0 $0
ROCCO TOMASSETTI SR Trustee 1.50
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 $128,283,405 $136,743,248 $184,705,462 $-8,459,843
2023 $104,672,572 $99,863,938 $182,381,277 $4,808,634
2022 $103,717,191 $104,438,644 $184,372,400 $-721,453
2022 $84,366,474 $83,189,600 $170,623,482 $1,176,874
2021 $101,717,095 $92,579,245 $185,452,034 $9,137,850
2020 $105,615,403 $114,091,318 $178,831,652 $-8,475,915
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOCAL 282 WELFARE TRUST FUND with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.