UPSTATE UNION HEALTH AND WELFARE F… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

DUANE WRIGHT

Phone

3154714164

Tax Period

2023-01-01 to 2023-12-31

UPSTATE UNION HEALTH AND WELFARE FUND, founded in 1965, is a small nonprofit in the Mutual Benefit sector that reported $341K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $293K left a modest 14% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE VARIOUS BENEFITS TO MEMBERS WHOSE EMPLOYERS ARE SUBJECT TO UNION AGREEMENTS REQUIRING CONTRIBUTIONS TO THE FUND.

Program Service Accomplishments

Program 1

THE PROGRAM PROVIDES HEALTH 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 $289,048

Investment Income $47,353

Other Revenue $4,710

TOTAL REVENUE $341,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $50,798

TOTAL EXPENSES $293,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,111	$401,074	-0.1%
Expenses	$293,164	$346,706	-0.2%
Net Income	$47,947	$54,368	-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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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

$367,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG SHANKS	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD ENGLISH	TRUSTEE	1.00	Director	$0	$0	$0
DUANE WRIGHT	CHAIRMAN	1.00	Director	$0	$60,847	$184,983
MICHAEL CIMILLUCA	TRUSTEE	1.00	Director	$0	$63,927	$182,779

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	$341,111	$293,164	$1,176,084	$47,947
2022	$401,074	$346,706	$1,096,384	$54,368
2021	$416,771	$352,729	$1,183,809	$64,042
2020	$2,088,892	$1,996,761	$1,063,538	$92,131
2019	$3,086,463	$2,987,248	$946,552	$99,215
2018	$446,501	$401,741	$830,211	$44,760

UPSTATE UNION HEALTH AND WELFARE FUND