RETAIL WHOLESALE AND DEPARTMENT STORE FOOD EMPLOYEES UNION LOCAL 338 (EIN 131215100) - 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

1925

Legal Domicile

Principal Officer

JOHN R DURSO

Phone

5162941338

Tax Period

2023-01-01 to 2023-12-31

RETAIL WHOLESALE AND DEPARTMENT STORE FOOD EMPLOYEES UNION LOCAL 338, founded in 1925, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2023. Expenses of $11.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO ELIGIBLE MEMBERS IN LABOR RELATED MATTERS.

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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 $7,036,543

Investment Income $42,620

Other Revenue $2,572,869

TOTAL REVENUE $9,652,032

Expense Breakdown

Grants Paid $22,545

Salaries & Benefits $6,442,265

Fundraising Expenses $0

Other Expenses $4,638,380

TOTAL EXPENSES $11,103,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,652,032	$10,081,158	0.0%
Expenses	$11,103,190	$10,865,095	+0.0%
Net Income	$-1,451,158	$-783,937	+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

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

$907,662

Total Directors

$1,271,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD WORFLER	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHRISTINE O'REILLY	VICE PRESIDENT	22.00	Director	$82,986	$26,514	$109,500
DORIS KING	VICE PRESIDENT	1.00	Director	$0	$0	$0
EDWIN QUAZADA	VICE PRESIDENT	1.00	Director	$0	$0	$0
FANNY BORJAS	VICE PRESIDENT	22.00	Director	$89,994	$29,057	$119,051
FREDERICK WREN	VICE PRESIDENT	22.00	Director	$146,385	$23,753	$170,138
JOSEPH QUERCIA	VICE PRESIDENT	1.00	Director	$0	$0	$0
LISA LUND	VICE PRESIDENT	1.00	Director	$0	$0	$0
LUCA NEGRINO	VICE PRESIDENT	1.00	Director	$78,211	$27,245	$105,456
MICHAEL COLAIZZO	VICE PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL PASQUARETTA	VICE PRESIDENT	22.00	Director	$139,031	$28,476	$167,507
NELSON RESTO	VICE PRESIDENT	18.00	Director	$133,293	$40,031	$173,324
NIKKI KATEMAN	VICE PRESIDENT	18.00	Director	$133,250	$28,953	$162,203
ROBERT COLETTE	VICE PRESIDENT	1.00	Director	$0	$0	$0
ROSALMA LAFONTAINE	RECORDING SECRETARY	22.00	Director	$114,090	$27,541	$141,631
WALFORD WAUGH	VICE PRESIDENT	1.00	Director	$0	$0	$0
YOMAIRA FRANQUI	VICE PRESIDENT	18.00	Director	$103,990	$18,893	$122,883
ALEXANDER CHU	VICE PRESIDENT	1.00	Director	$0	$0	$0
ANDREW GIRARD	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOHN R DURSO	PRESIDENT	35.00	Officer	$347,281	$51,727	$399,008
JOSEPH FONTANO	SECRETARY-TREASURER	22.00	Officer	$221,182	$38,853	$260,035
NEIL GONZALVO	EXEC. VICE PRESIDENT	20.00	Officer	$209,732	$38,887	$248,619
EARL MATHURIN	ASST. TO FUNDS ADMINISTRAT	18.00	Highest	$183,650	$34,550	$218,200
EDWARD CIMAFONTE	IT DIRECTOR	18.00	Highest	$185,537	$42,130	$227,667
ELENA DUNDON	SENIOR DIRECTOR OF OPERATI	18.00	Highest	$189,188	$56,017	$245,205
HAROLD MITTEL	CONTROLLER	15.00	Highest	$191,886	$51,053	$242,939
SAUL GUERRERO	UNION REPRESENTATIVE	18.00	Highest	$124,991	$11,726	$136,717

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	$9,652,032	$11,103,190	$26,144,172	$-1,451,158
2022	$10,081,158	$10,865,095	$25,779,222	$-783,937
2021	$11,831,057	$9,729,120	$29,272,355	$2,101,937
2020	$9,233,538	$9,121,427	$27,991,073	$112,111
2019	$11,858,914	$9,783,834	$27,503,904	$2,075,080
2018	$9,153,151	$9,431,786	$25,216,438	$-278,635

RETAIL WHOLESALE AND DEPARTMENT STORE FOOD EMPLOYEES UNION LOCAL 338