WCCOBA WELFARE TRUST FUND (EIN 133594943) - 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

1992

Legal Domicile

Principal Officer

JESUS QUINONES

Phone

9147730436

Tax Period

2023-01-01 to 2023-12-31

WCCOBA WELFARE TRUST FUND, founded in 1992, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

THE TRUST FUND WAS FORMED TO PROVIDE, TO ELIGIBLE EMPLOYEES OF THE WESTCHESTER COUNTY CORRECTION OFFICERS' BENEVOLENT ASSOCIATION, SUCH GROUP BENEFITS WHICH ARE DEEMED LEGAL, DESIRABLE, AFFORDABLE AND CONTRACTUALLY PERMITTED.

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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 $3,336,240

Program Service Revenue $42,000

Investment Income $836,565

Other Revenue $0

TOTAL REVENUE $4,214,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,435,638

Other Expenses $225,223

TOTAL EXPENSES $2,627,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,214,805	$2,334,486	+0.8%
Expenses	$2,627,023	$2,543,044	+0.0%
Net Income	$1,587,782	$-208,558	-8.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA LEE	TRUSTEE	5.00	Director	$0	$0	$0
DAVID SUMMA	TRUSTEE/DIRE	5.00	Director	$0	$0	$0
DARRYL TAYLOR	TRUSTEE/DIRE	5.00	Director	$0	$0	$0
ALONZO WEST	TRUSTEE/DIRE	5.00	Director	$0	$0	$0
NEIL PELLONE	VICE-CHAIRMA	5.00	Officer	$0	$0	$0
JESUS QUINONES	CHAIRMAN	10.00	Officer	$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	$4,214,805	$2,627,023	$12,235,413	$1,587,782
2022	$2,334,486	$2,543,044	$10,647,631	$-208,558
2021	$4,032,318	$2,523,807	$10,856,190	$1,508,511
2020	$4,049,868	$2,473,402	$9,346,649	$1,576,466
2019	$4,068,952	$2,422,897	$7,770,183	$1,646,055
2018	$2,986,347	No data	$6,124,128	No data
2017	$3,172,659	$2,139,809	$5,425,188	$1,032,850

WCCOBA WELFARE TRUST FUND