UNITED COLLEGE EMPLOYEES OF FIT WELFARE TRUST FUND (EIN 133560260) - 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

1988

Legal Domicile

Principal Officer

ELLEN LYNCH

Phone

2122177690

Tax Period

2023-10-01 to 2024-09-30

UNITED COLLEGE EMPLOYEES OF FIT WELFARE TRUST FUND, founded in 1988, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.6M left a modest 3% surplus.

Mission

TO PROVIDE SUPPLEMENTAL HEALTHCARE BENEFITS TO ELIGIBLE EMPLOYEES OF FASHION INSTITUTE OF TECHNOLOGY.

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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 $4,620,048

Investment Income $151,516

Other Revenue $1,063,175

TOTAL REVENUE $5,834,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $653,505

TOTAL EXPENSES $5,630,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,834,739	$4,986,290	+0.2%
Expenses	$5,630,927	$5,129,114	+0.1%
Net Income	$203,812	$-142,824	-2.4%

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

N/A

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

Total Directors

$27,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN GOLDSTEIN-LYNCH	CHAIRPERSON	10.00	Director	$0	$0	$3,300
PAUL CLEMENT	SECRETARY/TREASURER	1.00	Director	$0	$0	$11,300
ISABELLA BERTOLETTI	TRUSTEE	1.00	Director	$0	$0	$1,250
ROBERTA ELINS	TRUSTEE	1.00	Director	$0	$0	$9,350
JULIETTE ROMANO	TRUSTEE	1.00	Director	$0	$0	$0
CHENISE MARINE-RICE	TRUSTEE	1.00	Director	$0	$0	$0
ERIC RAMIREZ	TRUSTEE	1.00	Director	$0	$0	$700
LINDA TAIN	TRUSTEE	1.00	Director	$0	$0	$0
FELIX RIVERA-PEREZ	TRUSTEE	1.00	Director	$0	$0	$1,875

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	$5,834,739	$5,630,927	$5,069,890	$203,812
2023	$4,986,290	$5,129,114	$4,437,530	$-142,824
2022	$5,178,439	$5,319,236	$4,540,505	$-140,797
2021	$5,442,038	$4,805,318	$5,359,791	$636,720
2020	$5,376,720	$5,322,327	$4,682,556	$54,393
2019	$5,854,505	$6,090,128	$4,465,578	$-235,623
2018	$5,709,487	$5,176,313	$4,612,935	$533,174

UNITED COLLEGE EMPLOYEES OF FIT WELFARE TRUST FUND