UFCW LOCAL ONE HEALTH CARE FUND

EIN: 160915820 Mutual Benefit

ORISKANY, NY

Total Revenue
$73,056,779
Total Expenses
$58,815,743
Total Assets
$82,250,227
Net Assets
$77,809,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NY
Principal Officer
FRANK C DERISO
Phone
3157979600
Tax Period
2023-01-01 to 2023-12-31

UFCW LOCAL ONE HEALTH CARE FUND, founded in 1959, is a mid-sized nonprofit in the Mutual Benefit sector that reported $73.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $14.2M, a strong 19% operating margin.

Mission

THE OBJECTIVE OF THE FUND IS TO PROVIDE CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, WHO ARE MEMBERS OF UFCW DISTRICT UNION LOCAL ONE, AND THEIR COVERED DEPENDENTS.

Program Service Accomplishments

Program 1

THE PLAN PROVIDED CERTAIN HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 9,315 ELIGIBLE PARTICIPANTS AND THEIR COVERED 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $68,089,888
Investment Income $1,820,521
Other Revenue $3,146,370
TOTAL REVENUE $73,056,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $810,165
Fundraising Expenses $0
Other Expenses $1,061,728
TOTAL EXPENSES $58,815,743

Year-over-Year Comparison

2023 2022 Change
Revenue $73,056,779 $80,911,004 -0.1%
Expenses $58,815,743 $65,553,720 -0.1%
Net Income $14,241,036 $15,357,284 -0.1%
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
7
Independent Members
N/A
Employees
14
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
0
$0
Total Directors
7
$1,124,043
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK C DERISO TRUSTEE 1.00
Director
$0 $50,236 $391,807
GREGORY P GOREA TRUSTEE 1.00
Director
$0 $43,642 $308,298
ROBERT CIANCAGLINI TRUSTEE 1.00
Director
$0 $34,765 $201,799
ROGER HEMMITT TRUSTEE 1.00
Director
$0 $31,641 $222,139
I STEPHEN DAVIS TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH SAHLEN TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND WARDYNSKI TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CIANCAGLINI ADMINISTRATIVE DIRECTOR 33.00
Highest
$157,163 $43,139 $200,302
JEAN PAWELEK EXECUTIVE ADMIN ASSTNT 33.00
Highest
$112,721 $36,846 $149,567
ZACHARY GEHAN PENSION MANAGER 1.00
Highest
$102,581 $35,177 $137,758
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 $73,056,779 $58,815,743 $82,250,227 $14,241,036
2022 $80,911,004 $65,553,720 $63,657,952 $15,357,284
2021 $79,683,872 $65,812,008 $48,719,540 $13,871,864
2020 $79,316,464 $64,921,893 $35,895,460 $14,394,571
2019 $75,491,950 $74,405,919 $19,984,782 $1,086,031
2018 $80,535,236 $78,965,285 $19,067,342 $1,569,951
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