ASTORIA, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND, founded in 1956, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 13% surplus.
TO PAY OR PROVIDE WELFARE BENEFITS DIRECTLY AND ALSO FOR THE PAYMENT OF PREMIUMS ON SUCH POLICIES OF GROUP LIFE INSURANCE, GROUP ACCIDENT AND HEALTH INSURANCE FOR MEDICAL AND SURGICAL CARE AND HOSPITALIZATION FOR MEMBERS OF THE UNION AND THEIR DEPENDENTS, AS THE TRUSTEES MAY DETERMINE, SUBJECT TO SUCH CONDITIONS AS TO LENGTH OF SERVICE IN THE INDUSTRY, LENGTH OF MEMBERSHIP IN THE UNION AND LENGTH OF PAYMENT BY THE EMPLOYER OF EMPLOYER CONTRIBUTIONS AS THE TRUSTEES MAY DETERMINE.
PROVIDING MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. NUMBER OF PARTICIPANTS: 146
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,295,405 | $4,663,588 | +0.1% |
| Expenses | $4,604,526 | $4,800,148 | 0.0% |
| Net Income | $690,879 | $-136,560 | -6.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DOMINIC VALDNER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK ROSEN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH GRECO JR | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH TODARO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CONNIE HENRY | PLAN ADMINISTRATOR | 40.00 |
Highest
|
$156,422 | $90,153 | $246,575 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,295,405 | $4,604,526 | $3,548,509 | $690,879 |
| 2023 | $4,663,588 | $4,800,148 | $2,823,379 | $-136,560 |
| 2022 | $4,222,168 | $4,162,311 | $2,374,234 | $59,857 |
| 2021 | $3,743,848 | $3,957,905 | $2,629,000 | $-214,057 |
| 2020 | $3,680,820 | $3,739,569 | $2,811,694 | $-58,749 |
| 2019 | $3,636,461 | $3,514,437 | $2,816,286 | $122,024 |
| 2018 | $3,442,148 | $3,381,169 | $2,587,923 | $60,979 |
Compare MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND with other nonprofits in New York and across the country.