Metal Trades Branch Local 638 Welfare Fund

EIN: 136211854

Long Island City, NY

Total Revenue
$91,937,788
Total Expenses
$93,017,098
Total Assets
$49,504,510
Net Assets
$49,393,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
Robert J Bartels
Phone
2124658888
Tax Period
2024-07-01 to 2025-06-30

Metal Trades Branch Local 638 Welfare Fund, founded in 1965, is a mid-sized nonprofit that reported $91.9M in total revenue in fiscal year 2024.

Mission

The Fund provides health coverage and other benefits to eligible participants in accordance with the rules and regulations of the Fund.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $90,054,884
Investment Income $1,791,774
Other Revenue $91,130
TOTAL REVENUE $91,937,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,038,764
Fundraising Expenses $0
Program Expenses $91,211,095
Other Expenses $767,239
TOTAL EXPENSES $93,017,098

Year-over-Year Comparison

2024 2023 Change
Revenue $91,937,788 $87,714,667 +0.0%
Expenses $93,017,098 $87,858,135 +0.1%
Net Income $-1,079,310 $-143,468 +6.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
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
1
$505,495
Total Directors
8
$0
Key Employees
2
$543,901
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J Turnbull Executive Administrator 002.00
Officer
$23,209 $41,320 $505,495
Daniel Knights Education Director N/A
Highest
$0 $65,552 $295,633
James Ippolito Assistant Administrator 001.00
Key Emp
$9,357 $41,320 $275,233
Jason Grecco Education Instructor N/A
Highest
$0 $84,731 $273,406
Nicholas Magna Education Instructor N/A
Highest
$0 $83,917 $270,787
James C White Assistant Administrator 008.00
Key Emp
$61,384 $41,320 $268,668
Stephen Powers Education Instructor N/A
Highest
$0 $82,341 $265,567
Matthew Pizzo Education Instructor N/A
Highest
$0 $80,716 $260,161
Robert Bartels Jr Trustee 002.00
Director
$0 $0 $0
Brain Kearney Jr Trustee 002.00
Director
$0 $0 $0
Cliff Johnsen Trustee 002.00
Director
$0 $0 $0
Shane McMorrow Trustee 002.00
Director
$0 $0 $0
Scott Berger Trustee 002.00
Director
$0 $0 $0
Dan Steffen Trustee 002.00
Director
$0 $0 $0
Sean Dolan Trustee 002.00
Director
$0 $0 $0
Anthony Saporito Trustee 002.00
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
2025 $91,937,788 $93,017,098 $49,504,510 $-1,079,310
2024 $87,714,667 $87,858,135 $48,760,171 $-143,468
2023 $81,556,463 $79,284,881 $46,901,845 $2,271,582
2022 $78,942,359 $75,468,810 $44,024,681 $3,473,549
2021 $76,949,760 $67,114,137 $44,890,910 $9,835,623
2020 $71,231,564 $68,605,182 $32,478,112 $2,626,382
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