ROCHESTER LABORERS WELFARE FUND (EIN 160821557) - 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

1960

Legal Domicile

Principal Officer

MELISSA DEL PRETE

Phone

5853253906

Tax Period

2024-01-01 to 2024-12-31

ROCHESTER LABORERS WELFARE FUND, founded in 1960, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $11.3M left a modest 5% surplus.

Mission

WELFARE & SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR UNION MEMBERS

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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 $10,689,774

Investment Income $771,574

Other Revenue $468,736

TOTAL REVENUE $11,930,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $401,687

Fundraising Expenses $0

Other Expenses $790,878

TOTAL EXPENSES $11,297,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,930,084	$10,639,534	+0.1%
Expenses	$11,297,204	$10,734,731	+0.1%
Net Income	$632,880	$-95,197	-7.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL KUNTZ	UNION TRUSTEE	5.00	Director	$0	$0	$0
CARMEN SERRETT JR	UNION TRUSTEE	5.00	Director	$0	$0	$0
AUSTIN KUNTZ	UNION TRUSTEE	5.00	Director	$0	$0	$0
KENNETH STEWART	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
CHRIS DIPASQUALE	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
DANIEL HOGAN	EMPLOYER TRUSTEE	5.00	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
2024	$11,930,084	$11,297,204	$23,248,087	$632,880
2023	$10,639,534	$10,734,731	$22,285,046	$-95,197
2022	$9,740,115	$9,923,263	$21,054,254	$-183,148
2021	$9,749,337	$10,585,065	$23,656,092	$-835,728
2020	$10,139,647	$9,904,622	$23,954,257	$235,025
2019	$10,649,252	$8,686,650	$23,169,451	$1,962,602

ROCHESTER LABORERS WELFARE FUND