LOCAL 338 RWDSUUFCW BENEFITS FUND (EIN 136313146) - 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

1970

Legal Domicile

Principal Officer

JOHN R DURSO

Phone

5162941338

Tax Period

2023-01-01 to 2023-12-31

LOCAL 338 RWDSUUFCW BENEFITS FUND, founded in 1970, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 99% operating deficit.

Mission

TO PROVIDE DENTAL, VISION, TEMPORARY DISABILITY, DEATH AND LEGAL SERVICES BENEFITS.

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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 $1,854,366

Investment Income $-20,429

Other Revenue $0

TOTAL REVENUE $1,833,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,175,596

TOTAL EXPENSES $3,653,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,833,937	$2,553,409	-0.3%
Expenses	$3,653,270	$3,502,111	+0.0%
Net Income	$-1,819,333	$-948,702	+0.9%

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

$461,139

Total Directors

$907,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN R DURSO	CHAIRMAN OF THE BOARD	5.00	Director	$0	$51,727	$399,008
JOSEPH FONTANO	UNION TRUSTEE	5.00	Director	$0	$38,853	$260,035
NEIL GONZALVO	UNION TRUSTEE	2.00	Director	$0	$38,887	$248,619
JON GREENFIELD	EMPLOYER TRUSTEE	3.00	Director	$0	$0	$0
ANGELO AVENA	EMPLOYER TRUSTEE	3.00	Director	$0	$0	$0
JOHN DECICCO JR	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
HAROLD MITTEL	CONTROLLER	3.00	Officer	$0	$51,053	$242,939
EARL MATHURIN	FUND ADMINISTRATOR	2.00	Officer	$0	$34,550	$218,200

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	$1,833,937	$3,653,270	$8,503,811	$-1,819,333
2022	$2,553,409	$3,502,111	$9,299,497	$-948,702
2021	$3,200,592	$3,415,773	$11,911,855	$-215,181
2020	$3,815,068	$3,281,868	$12,899,553	$533,200
2019	$2,555,608	$3,742,117	$13,990,658	$-1,186,509
2018	$2,522,865	$3,361,749	$13,552,529	$-838,884

LOCAL 338 RWDSUUFCW BENEFITS FUND