UNITED FEDERATION OF TEACHERS WELFARE FUND (EIN 132547675) - 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

1965

Legal Domicile

Principal Officer

GEOFREY SORKIN

Phone

2125390500

Tax Period

2023-10-01 to 2024-09-30

UNITED FEDERATION OF TEACHERS WELFARE FUND, founded in 1965, is a major nonprofit that reported $435.8M in total revenue in fiscal year 2023. Expenses of $403.7M left a modest 7% surplus.

Mission

PROVIDE WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS

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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 $390,490,401

Investment Income $34,230,760

Other Revenue $11,093,935

TOTAL REVENUE $435,815,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,630,429

Fundraising Expenses $0

Other Expenses $23,879,405

TOTAL EXPENSES $403,652,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,815,096	$411,902,353	+0.1%
Expenses	$403,652,612	$352,933,277	+0.1%
Net Income	$32,162,484	$58,969,076	-0.5%

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

N/A

Employees

158

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

$293,027

Total Directors

$945,961

Key Employees

$312,353

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MULGREW	TRUSTEE	2.00	Director	$0	$71,721	$414,720
KAREN ALFORD	TRUSTEE	1.00	Director	$0	$48,348	$260,224
THOMAS MURPHY	TRUSTEE	1.00	Director	$0	$0	$75,221
RICHARD MANTELL	TRUSTEE	1.00	Director	$0	$18,892	$94,460
LEO GORDON	TRUSTEE	1.00	Director	$0	$20,267	$101,336
GEOFREY SORKIN	EXECUTIVE DIRECTOR	35.00	Officer	$233,521	$59,506	$293,027
GEORGE REIS	FUND COMPTROLLER	35.00	Key Emp	$219,050	$93,303	$312,353
JOSEPH USATCH	ASSISTANT DIRECTOR	33.00	Highest	$189,512	$48,605	$238,117
MEI QING CHEN	ASSOCIATE COMPTROLLER	35.00	Highest	$203,413	$87,028	$290,441
ANESA SOLEYN	ASSISTANT DIRECTOR	35.00	Highest	$183,205	$56,085	$239,290
WILLIAM BARRETT	CHIEF TECHNOLOGY OFFICER	35.00	Highest	$200,419	$88,645	$289,064
MARK PEARSON	DIRECTOR OF INFORMATION SY	35.00	Highest	$185,908	$82,840	$268,748

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	$435,815,096	$403,652,612	$1,059,582,682	$32,162,484
2023	$411,902,353	$352,933,277	$988,654,030	$58,969,076
2022	$439,631,499	$349,896,380	$842,387,577	$89,735,119
2021	$434,332,942	$335,712,905	$830,953,037	$98,620,037
2020	$429,260,582	$327,728,374	$721,382,820	$101,532,208
2019	$445,023,887	$346,497,386	$590,588,011	$98,526,501
2018	$384,527,570	$299,864,110	$484,162,288	$84,663,460

UNITED FEDERATION OF TEACHERS WELFARE FUND