ALLIED WELFARE FUND

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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

1962

Legal Domicile

Principal Officer

JOSEPH FONTANO

Phone

8666461778

Tax Period

2024-01-01 to 2024-12-31

ALLIED WELFARE FUND, founded in 1962, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $44.7M represent 43 months of operating reserves.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION PARTICIPANTS AND THEIR 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,312,239

Investment Income $6,221,402

Other Revenue $0

TOTAL REVENUE $12,533,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $0

Other Expenses $869,305

TOTAL EXPENSES $13,402,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,533,641	$10,251,927	+0.2%
Expenses	$13,402,473	$9,593,409	+0.4%
Net Income	$-868,832	$658,518	-2.3%

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

$242,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SPAGNOLA	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE HALL SR	TRUSTEE	1.00	Director	$9,000	$0	$9,000
MIKE OETTINGER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH FONTANO	TRUSTEE	1.00	Director	$0	$0	$233,345

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	$12,533,641	$13,402,473	$48,293,163	$-868,832
2023	$10,251,927	$9,593,409	$48,591,164	$658,518
2022	$6,552,551	$8,658,394	$46,565,501	$-2,105,843
2021	$9,279,667	$9,312,895	$55,551,594	$-33,228
2020	$9,158,632	$5,607,559	$48,106,789	$3,551,073
2019	$10,351,323	$8,099,119	$40,348,816	$2,252,204
2018	$9,215,857	$5,557,537	$33,179,328	$3,658,320