WESTCHESTER TEAMSTERS HEALTH & WELFARE FUND (EIN 136123972) - 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

1948

Legal Domicile

Principal Officer

LOUIS A PICANI

Phone

9145929330

Tax Period

2023-01-01 to 2023-12-31

WESTCHESTER TEAMSTERS HEALTH & WELFARE FUND, founded in 1948, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2023. Expenses of $25.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE, SUPPLEMENTAL UNEMPLOYMENT, DENTAL, DEATH, OPTICAL AND DISABILITY BENEFITS FOR PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $21,043,364

Investment Income $491,640

Other Revenue $1,312

TOTAL REVENUE $21,536,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,182

Fundraising Expenses $0

Other Expenses $2,179,062

TOTAL EXPENSES $25,089,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,536,316	$21,075,302	+0.0%
Expenses	$25,089,368	$19,305,101	+0.3%
Net Income	$-3,553,052	$1,770,201	-3.0%

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

$1,269,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS PEPE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY ISAACS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
LOUIS A PICANI	UNION TRUSTEE	1.00	Director	$0	$85,406	$397,320
DOMINICK CASSANELLI JR	UNION TRUSTEE	1.00	Director	$0	$74,566	$294,330
JOSEPH SANSONE	UNION TRUSTEE	1.00	Director	$0	$79,740	$323,044
ROGER TARANTO	UNION TRUSTEE	1.00	Director	$0	$66,391	$254,352
JOHN COONEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SIMONE ALMEIDA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BRENDA GALEA-RITCH	FUND ADMINISTRATOR	6.00	Highest	$0	$34,038	$178,771

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	$21,536,316	$25,089,368	$12,000,372	$-3,553,052
2022	$21,075,302	$19,305,101	$14,610,313	$1,770,201
2021	$19,612,596	$18,588,842	$13,444,324	$1,023,754
2020	$16,834,744	$17,002,563	$11,908,335	$-167,819
2019	$17,676,991	$15,366,943	$11,559,872	$2,310,048
2018	$18,267,754	$16,316,115	$8,565,123	$1,951,639

WESTCHESTER TEAMSTERS HEALTH & WELFARE FUND