UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 1262 EMPLOYERS WELFARE FUND

EIN: 226137317

CLIFTON, NJ

Total Revenue
$96,169,355
Total Expenses
$91,633,133
Total Assets
$33,370,369
Net Assets
$33,011,743
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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
1969
Legal Domicile
NJ
Principal Officer
HARVEY WHILLE
Phone
9737785800
Tax Period
2023-10-01 to 2024-09-30

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 1262 EMPLOYERS WELFARE FUND, founded in 1969, is a mid-sized nonprofit that reported $96.2M in total revenue in fiscal year 2023. Expenses of $91.6M left a modest 5% surplus.

Mission

TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND OTHER MEDICAL BENEFITS TO ELIGIBLE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $95,284,878
Investment Income $883,287
Other Revenue $1,190
TOTAL REVENUE $96,169,355

Expense Breakdown

Grants Paid $0
Salaries & Benefits $835,997
Fundraising Expenses $0
Other Expenses $1,030,464
TOTAL EXPENSES $91,633,133

Year-over-Year Comparison

2023 2022 Change
Revenue $96,169,355 $95,982,874 +0.0%
Expenses $91,633,133 $92,953,821 0.0%
Net Income $4,536,222 $3,029,053 +0.5%
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
6
Independent Members
3
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
0
$0
Total Directors
6
$1,060,676
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK DURNING EMPLOYER TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL DEMARTINO UNION TRUSTEE 5.00
Director
$0 $32,252 $347,960
HARVEY WHILLE CHAIRMAN, UNION TRUSTEE 5.00
Director
$0 $32,252 $473,760
THOMAS WHILLE UNION TRUSTEE 5.00
Director
$0 $32,252 $238,956
RACHEL CARUSO EMPLOYER TRUSTEE 5.00
Director
$0 $0 $0
ALEX VOITOVICH EMPLOYER TRUSTEE 5.00
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 No data No data No data No data
2024 $96,169,355 $91,633,133 $33,370,369 $4,536,222
2023 $95,982,874 $92,953,821 $28,768,405 $3,029,053
2022 $88,009,771 $87,191,505 $24,562,714 $818,266
2021 $87,753,687 $87,451,757 $25,277,473 $301,930
2020 $81,432,226 $81,456,357 $24,643,625 $-24,131
2019 $81,987,579 $85,444,928 $24,035,353 $-3,457,349
2018 $79,897,481 $79,142,903 $27,889,800 $754,578
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