LOCAL 338 RWDSUUFCW HEALTH & WELFARE FUND (EIN 132980858) - 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

1939

Legal Domicile

Principal Officer

JOHN R DURSO

Phone

5162941338

Tax Period

2024-01-01 to 2024-12-31

LOCAL 338 RWDSUUFCW HEALTH & WELFARE FUND, founded in 1939, is a mid-sized nonprofit that reported $45.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, PRESCRIPTIONS AND OTHER WELFARE BENEFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $43,113,422

Investment Income $2,182,226

Other Revenue $71,751

TOTAL REVENUE $45,367,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,641,467

Fundraising Expenses $0

Other Expenses $2,072,207

TOTAL EXPENSES $47,706,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,367,399	$41,514,409	+0.1%
Expenses	$47,706,920	$45,983,716	+0.0%
Net Income	$-2,339,521	$-4,469,307	-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

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

$245,380

Total Directors

$1,581,024

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DURSO	TRUSTEE	10.00	Director	$0	$54,133	$425,402
JOSEPH FONTANO	TRUSTEE	9.00	Director	$0	$42,102	$279,019
NEIL GONZALVO	TRUSTEE	9.00	Director	$0	$39,095	$263,800
FREDRICK WREN	TRUSTEE	9.00	Director	$0	$45,614	$207,695
MICHAEL PASQUARETTA	TRUSTEE	13.00	Director	$0	$64,137	$213,546
NIKKI KATEMAN	TRUSTEE	9.00	Director	$0	$41,746	$191,562
HAROLD MITTEL	CONTROLLER	10.00	Officer	$0	$38,070	$245,380
LAURIE GREENSREIN	FUND EMPLOYEE	40.00	Highest	$149,791	$29,700	$179,491
DEBRA NALBACH	FUND EMPLOYEE	40.00	Highest	$162,138	$9,372	$171,510
MICHAEL VALENTI	FUND EMPLOYEE	40.00	Highest	$106,608	$29,700	$136,308

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	$45,367,399	$47,706,920	$43,157,337	$-2,339,521
2023	$41,514,409	$45,983,716	$44,408,603	$-4,469,307
2022	$45,624,423	$39,438,342	$44,963,980	$6,186,081
2021	$44,654,904	$44,817,477	$45,598,240	$-162,573
2020	$40,867,054	$40,607,904	$45,027,622	$259,150
2019	$50,454,007	$44,314,457	$43,218,047	$6,139,550
2018	$39,624,533	$40,554,936	$40,488,622	$-930,403

LOCAL 338 RWDSUUFCW HEALTH & WELFARE FUND