UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 1262 EMPLOYERS WELFARE FUND (EIN 226137317) - 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

1969

Legal Domicile

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.

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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 $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

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

$1,060,676

Key Employees

Highest Compensated

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
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

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 1262 EMPLOYERS WELFARE FUND