HEALTH & WELFARE FUND OF LOCAL UNION 373 UA

EIN: 133593163 Health Care

MOUNTAINVILLE, NY

Total Revenue
$8,392,827
Total Expenses
$7,820,480
Total Assets
$14,948,259
Net Assets
$12,743,679
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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
1991
Legal Domicile
NY
Principal Officer
THOMAS GANDOLFINI LABOR
Phone
8455349522
Tax Period
2023-01-01 to 2023-12-31

HEALTH & WELFARE FUND OF LOCAL UNION 373 UA, founded in 1991, is a community nonprofit in the Health Care sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 7% surplus.

Mission

PROVIDE AND ADMINISTER HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDE AND ADMINISTER HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF LOCAL UNION 373.

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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 $0
Program Service Revenue $7,581,888
Investment Income $375,545
Other Revenue $435,394
TOTAL REVENUE $8,392,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,199
Fundraising Expenses $0
Other Expenses $210,309
TOTAL EXPENSES $7,820,480

Year-over-Year Comparison

2023 2022 Change
Revenue $8,392,827 $6,594,244 +0.3%
Expenses $7,820,480 $6,084,467 +0.3%
Net Income $572,347 $509,777 +0.1%
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

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Governance

Voting Members
10
Independent Members
8
Employees
34
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
0
$0
Total Directors
10
$262,144
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK KEMPTON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
DANA MOSHIER LABOR TRUSTEE 1.00
Director
$0 $0 $0
RUSSELL BEWICK LABOR TRUSTEE 1.00
Director
$0 $0 $0
KANE ARMISTEAD MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT ROTH MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
RICHARD PFORTE LABOR TRUSTEE 1.00
Director
$0 $0 $0
ROBERT AMBROSETTI LABOR TRUSTEE 1.00
Director
$0 $10,180 $23,018
TIMOTHY HAUSER MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
THOMAS GANDOLFINI LABOR TRUSTEE 1.00
Director
$0 $104,997 $239,126
JAMES ESTABROOK ESQ MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
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 $8,392,827 $7,820,480 $14,948,259 $572,347
2022 $6,594,244 $6,084,467 $12,681,834 $509,777
2021 $6,201,187 $5,305,079 $13,627,020 $896,108
2020 $5,930,332 $5,380,612 $13,276,151 $549,720
2019 $6,382,966 $6,539,704 $11,214,715 $-156,738
2018 $7,453,278 $7,341,942 $11,240,382 $111,336
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