WESTCHESTER TEAMSTERS MUNICIPAL EMPLOYEES WELFARE FUND (EIN 136804536) - 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

1981

Legal Domicile

Principal Officer

LOUIS A PICANI

Phone

9145929330

Tax Period

2024-01-01 to 2024-12-31

WESTCHESTER TEAMSTERS MUNICIPAL EMPLOYEES WELFARE FUND, founded in 1981, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

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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 $1,989,864

Investment Income $-77,760

Other Revenue $0

TOTAL REVENUE $1,912,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,995

Fundraising Expenses $0

Other Expenses $352,157

TOTAL EXPENSES $3,535,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,912,104	$2,795,973	-0.3%
Expenses	$3,535,807	$2,347,796	+0.5%
Net Income	$-1,623,703	$448,177	-4.6%

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

$1,423,073

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS A PICANI	UNION TRUSTEE	1.00	Director	$0	$92,319	$409,288
JOSEPH SANSONE	UNION TRUSTEE	1.00	Director	$0	$101,797	$368,584
DOMINICK CASSANELLI JR	UNION TRUSTEE	1.00	Director	$0	$94,838	$327,603
ROGER TARANTO	UNION TRUTEE	1.00	Director	$0	$89,940	$309,198
JOSEPH MARTIMUCCI	TRUSTEE (YONKERS)	1.00	Director	$0	$0	$0
JAMES MCGRATH	TRUSTEE (PEEKSKILL BLUE)	1.00	Director	$0	$0	$4,200
ROBERT RICHARDSON	TRUSTEE (MOUNT VERNON)	1.00	Director	$0	$0	$4,200
GIUSEPPE SINDONA	TRUSTEE (YONKERS)	1.00	Director	$0	$0	$0
BRENDA GALEA-RITCH	ADMINISTRATOR	6.00	Highest	$0	$48,464	$195,279

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	$1,912,104	$3,535,807	$29,733,933	$-1,623,703
2023	$2,795,973	$2,347,796	$26,905,012	$448,177
2022	$3,985,835	$1,811,306	$24,228,083	$2,174,529
2021	$3,752,402	$2,001,837	$28,573,775	$1,750,565
2020	$2,515,000	$1,614,297	$25,150,090	$900,703
2019	$2,894,173	$2,110,672	$22,284,192	$783,501
2018	$5,453,391	$2,330,962	$18,583,242	$3,122,429

WESTCHESTER TEAMSTERS MUNICIPAL EMPLOYEES WELFARE FUND