USW DISTRICT 10 LOCAL 286 HEALTH AND WELFARE FUND

EIN: 231661924

PHILADELPHIA, PA

Total Revenue
$22,758,101
Total Expenses
$21,386,609
Total Assets
$12,478,598
Net Assets
$11,333,790
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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
PA
Principal Officer
CARLO SIMONE III
Phone
2158299212
Tax Period
2024-01-01 to 2024-12-31

USW DISTRICT 10 LOCAL 286 HEALTH AND WELFARE FUND, founded in 1962, is a mid-sized nonprofit that reported $22.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $21.4M left a modest 6% surplus.

Mission

V.E.B.A. PLAN TO PROVIDE HEALTH AND WELFARE BENEFITS TO USW LOCAL 286 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $22,494,571
Investment Income $263,530
Other Revenue $0
TOTAL REVENUE $22,758,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,274
Fundraising Expenses $0
Other Expenses $851,417
TOTAL EXPENSES $21,386,609

Year-over-Year Comparison

2024 2023 Change
Revenue $22,758,101 $19,600,161 +0.2%
Expenses $21,386,609 $18,602,428 +0.1%
Net Income $1,371,492 $997,733 +0.4%
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

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Governance

Voting Members
10
Independent Members
6
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
10
$869,046
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLO SIMONE III UNION TRUSTEE 10.00
Director
$0 $84,779 $435,412
EDINA DECARLO UNION TRUSTEE 2.00
Director
$0 $29,318 $160,843
MICHAEL CONNELL UNION TRUSTEE 2.00
Director
$0 $53,502 $159,626
MARIO TATOM UNION TRUSTEE 2.00
Director
$0 $47,779 $113,165
JIMMIE T NOLAN UNION TRUSTEE 2.00
Director
$0 $0 $0
JEFF BREGMAN EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL FERMAN EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
KEN GORDON EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ROBIN SCHAEFFER EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JIM ZAMBON EMPLOYER 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
2024 $22,758,101 $21,386,609 $12,478,598 $1,371,492
2023 $19,600,161 $18,602,428 $10,102,239 $997,733
2022 $19,709,191 $18,873,383 $8,880,980 $835,808
2021 $17,307,586 $18,230,613 $8,668,111 $-923,027
2020 $19,674,560 $18,661,327 $9,719,116 $1,013,233
2019 $18,365,746 $19,180,627 $8,136,544 $-814,881
2018 $20,378,120 $20,190,188 $8,648,841 $187,932
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