RETAIL WHOLESALE AND DEPARTMENT STORE UNION

EIN: 131426674

NEW YORK, NY

Total Revenue
$13,818,000
Total Expenses
$17,164,811
Total Assets
$36,056,328
Net Assets
$35,860,727
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
NY
Principal Officer
STUART APPELBAUM
Phone
2126845300
Tax Period
2023-01-01 to 2023-12-31

RETAIL WHOLESALE AND DEPARTMENT STORE UNION, founded in 1937, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023. Expenses of $17.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

TRADE UNION TO ORGANIZE AND PROVIDE SERVICES TO MEMBERS

Program Service Accomplishments

Program 1

THE UNION PROVIDED SUPPORT TO ITS MEMBERS IN THE AREAS OF COLLECTIVE BARGAINING, WORKER SAFETY, ORGANIZING AND EDUCATION

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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 $118,881
Program Service Revenue $0
Investment Income $1,591,694
Other Revenue $12,107,425
TOTAL REVENUE $13,818,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,950,161
Fundraising Expenses $0
Other Expenses $6,214,650
TOTAL EXPENSES $17,164,811

Year-over-Year Comparison

2023 2022 Change
Revenue $13,818,000 $14,103,317 0.0%
Expenses $17,164,811 $18,462,538 -0.1%
Net Income $-3,346,811 $-4,359,221 -0.2%
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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Governance

Voting Members
17
Independent Members
8
Employees
59
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
17
$1,970,791
Total Directors
17
$1,970,791
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELLA HARDING VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DANIEL RIGHETTI VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHARLES HALL JR VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID MERTZ VICE PRESIDENT 40.00
Officer Director
$229,560 $63,398 $292,958
EDGAR FIELDS VICE PRESIDENT 40.00
Officer Director
$166,533 $0 $166,533
JACK WURM JR SECRETARY/TREASURER 40.00
Officer Director
$0 $0 $0
JOHN DURSO VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN WHITAKER EXECUTIVE VICE-PRES 40.00
Officer Director
$192,533 $0 $192,533
JOSEPH DORISMOND RECORDER 40.00
Officer Director
$206,082 $0 $206,082
MARIA BUONAUGURIO EXECUTIVE VICE-PRES 5.00
Officer Director
$0 $0 $0
MICHAEL FLANERY VICE PRESIDENT 40.00
Officer Director
$166,533 $0 $166,533
RANDALL HADLEY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ROBERT LAYNG SECRETARY/TREASURER 40.00
Officer Director
$308,176 $73,661 $381,837
ROGER GROBSTICH VICE PRESIDENT 40.00
Officer Director
$166,533 $0 $166,533
STUART APPELBAUM PRESIDENT 40.00
Officer Director
$322,761 $75,021 $397,782
THELMA WINSTON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ALVIN RAMNARAIN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ADAM OBERNAUER DIRECTOR OF RETAIL ORGANIZ 40.00
Highest
$164,751 $0 $164,751
ADEMOLA OYEFESO DIR OF INT'L LEGISLATIVE & 40.00
Highest
$191,830 $59,372 $251,202
CHELSEA CONNOR COMMUNICATIONS DIRECTOR 40.00
Highest
$172,850 $55,712 $228,562
JACK CAFFEY VICE PRESIDENT 40.00
Highest
$202,005 $0 $202,005
ROBERT WARE ORGANIZING 40.00
Highest
$162,921 $0 $162,921
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 $13,818,000 $17,164,811 $36,056,328 $-3,346,811
2022 $14,103,317 $18,462,538 $36,404,939 $-4,359,221
2021 $15,796,954 $16,021,224 $50,504,227 $-224,270
2020 $14,537,853 $15,655,116 $47,811,659 $-1,117,263
2019 $15,905,379 $17,184,126 $44,376,527 $-1,278,747
2018 $17,814,713 $19,473,136 $40,113,526 $-1,658,423
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