RECYCLING AND GENERAL INDUSTRIAL UNION LOCAL 108 WELFARE FUND (EIN 135605495) - 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

1950

Legal Domicile

Principal Officer

KIMBERLY KEMPLE

Phone

2019630633

Tax Period

2025-01-01 to 2025-02-28

RECYCLING AND GENERAL INDUSTRIAL UNION LOCAL 108 WELFARE FUND, founded in 1950, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HEALTH AND OTHER 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,514,449

Investment Income $3,935

Other Revenue $0

TOTAL REVENUE $3,518,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,618

Fundraising Expenses $0

Other Expenses $202,417

TOTAL EXPENSES $3,715,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,518,384	$19,540,151	-0.8%
Expenses	$3,715,574	$20,213,822	-0.8%
Net Income	$-197,190	$-673,671	-0.7%

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

$3,898

Total Directors

$720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON BERGAMINI	EMPLOYER TRUSTEE	1.00	Director	$720	$0	$720
DOMENIC MONOPOLI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSH CARRERO	UNION TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK SCHNEIDER	UNION TRUSTEE / CHAIRMAN	1.00	Director	$0	$0	$0
KIMBERLY KEMPLE	FUND ADMIN	6.00	Officer	$2,895	$1,003	$3,898

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
2025	$3,518,384	$3,715,574	No data	$-197,190
2024	$19,540,151	$20,213,822	$3,257,135	$-673,671
2023	$16,777,043	$18,541,515	$3,957,186	$-1,764,472
2022	$16,180,483	$16,235,029	$4,076,488	$-54,546
2021	$14,783,133	$15,129,664	$4,332,637	$-346,531
2020	$15,840,045	$16,823,277	$4,640,539	$-983,232
2019	$17,312,383	$15,886,707	$6,345,562	$1,425,676
2018	$16,879,414	$15,989,719	$5,323,506	$889,695

RECYCLING AND GENERAL INDUSTRIAL UNION LOCAL 108 WELFARE FUND