PORT AUTHORITY PBA WELFARE FUND (EIN 223644482) - 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

1999

Legal Domicile

Principal Officer

FRANK CONTI PRES

Phone

2018712100

Tax Period

2023-01-01 to 2023-12-31

PORT AUTHORITY PBA WELFARE FUND, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE WELFARE FUND WAS CREATED TO PROVIDE MEDICAL, DENTAL, OPTICAL, LEGAL, DEATH, AND OTHER BENEFITS TO THE PORT AUTHORITY P.B.A. MEMBERSHIP.

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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 $1,247,582

Investment Income $397,485

Other Revenue $13,792

TOTAL REVENUE $1,658,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $222,236

TOTAL EXPENSES $1,935,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,658,859	$2,854,376	-0.4%
Expenses	$1,935,726	$2,187,474	-0.1%
Net Income	$-276,867	$666,902	-1.4%

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

$129,172

Total Directors

$177,722

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CONTI	TRUSTEE/PRESIDENT	5.00	Officer Director	$0	$0	$71,210
STEVE EKIZIAN	TRUSTEE/TREASURER	10.00	Officer Director	$0	$0	$57,962
VINCENT RICCI	TRUSTEE	5.00	Director	$0	$0	$9,600
TARIQ ABDOOL	TRUSTEE	5.00	Director	$0	$0	$10,150
JOHN MOHRMAN	TRUSTEE	5.00	Director	$0	$0	$9,600
TERENCE MCPIKE	TRUSTEE	5.00	Director	$0	$0	$9,600
MICHAEL BUNERO	TRUSTEE	5.00	Director	$0	$0	$9,600

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	$1,658,859	$1,935,726	$13,816,308	$-276,867
2022	$2,854,376	$2,187,474	$12,969,154	$666,902
2021	$2,196,357	$1,625,727	$14,504,782	$570,630
2021	$2,361,357	$1,625,724	$14,462,098	$735,633
2020	$1,690,876	$1,078,321	$12,799,916	$612,555
2019	$1,969,096	$2,055,377	$11,153,609	$-86,281
2019	$1,969,096	$2,055,377	$11,153,609	$-86,281
2018	$2,740,229	$1,421,332	$9,974,707	$1,318,897

PORT AUTHORITY PBA WELFARE FUND