GUARDS AND SECURITY 1412 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

1979

Legal Domicile

Principal Officer

MICHAEL CIALLELLA

Phone

9737512800

Tax Period

2022-09-01 to 2023-08-31

GUARDS AND SECURITY 1412 WELFARE FUND, founded in 1979, is a small nonprofit that reported $186K in total revenue in fiscal year 2022. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $319K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

Program Service Accomplishments

Program 1

THE FUND WAS CREATED FOR THE PURPOSE OF PROVIDING WELFARE BENEFITS AUTHORIZED OR PERMITTED BY LAW FOR PATICIPANTS AND THEIR ELIGIBLE DEPENDENTS AND BENEFICIARIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $175,595

Investment Income $1,045

Other Revenue $9,730

TOTAL REVENUE $186,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,328

Fundraising Expenses $0

Other Expenses $43,656

TOTAL EXPENSES $319,349

Year-over-Year Comparison

	2022	2021	Change
Revenue	$186,370	$578,269	-0.7%
Expenses	$319,349	$492,792	-0.4%
Net Income	$-132,979	$85,477	-2.6%

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

$180,111

Total Directors

$10,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CARULLO	TRUSTEE	1.00	Director	$0	$0	$0
JAMES CARLUCCI	TRUSTEE	1.00	Director	$0	$0	$10,800
MICHAEL CIALLELLA	FUND ADMINISTRATOR	35.00	Officer	$54,279	$31,596	$180,111

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
2023	$186,370	$319,349	No data	$-132,979
2022	$578,269	$492,792	$502,120	$85,477
2021	$540,523	$429,451	$416,643	$111,072
2020	$469,757	$374,615	$306,661	$95,142
2019	$512,128	$377,439	$216,128	$134,689
2018	$375,498	$376,225	$84,680	$-727

GUARDS AND SECURITY 1412 WELFARE FUND