GCIU LOCAL 612M EMPLOYER CONTRIBUTED WELFARE FUND

EIN: 226063847

WEST Caldwell, NJ

Total Revenue
$55,043
Total Expenses
$14,580
Total Assets
$570,226
Net Assets
$567,017
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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
1967
Legal Domicile
NJ
Principal Officer
HARRY SELNOW
Phone
9732276801
Tax Period
2024-04-01 to 2025-03-31

GCIU LOCAL 612M EMPLOYER CONTRIBUTED WELFARE FUND, founded in 1967, is a micro nonprofit that reported $55K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 74% operating margin.

Mission

HEALTH BENEFIT PLAN

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,739
Investment Income $44,292
Other Revenue $12
TOTAL REVENUE $55,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,580
Other Expenses $10,189
TOTAL EXPENSES $14,580

Year-over-Year Comparison

2024 2023 Change
Revenue $55,043 $37,149 +0.5%
Expenses $14,580 $18,415 -0.2%
Net Income $40,463 $18,734 +1.2%
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

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Governance

Voting Members
2
Independent Members
2
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
1
$27,304
Total Directors
2
$27,304
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY SELNOW TRUSTEE 2.00
Officer Director
$0 $3,129 $27,304
KEVIN PASSANTE TRUSTEE 2.00
Director
$0 $0 $0
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
2025 $55,043 $14,580 $570,226 $40,463
2024 $37,149 $18,415 $561,774 $18,734
2023 $-19,156 $16,290 $462,101 $-35,446
2022 $41,883 $15,955 $514,868 $25,928
2021 $50,645 $21,843 $502,118 $28,802
2020 $39,681 $23,935 $451,610 $15,746
2019 $34,089 $36,067 $447,672 $-1,978
2018 $36,665 $40,516 $448,749 $-3,851
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