RETAIL WHOLESALE AND DEPARTMENT STORE UNION (EIN 131426674) - 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

1937

Legal Domicile

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

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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 $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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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

$1,970,791

Total Directors

$1,970,791

Key Employees

Highest Compensated

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

RETAIL WHOLESALE AND DEPARTMENT STORE UNION