UNITED INDEPENDENT UNION WELFARE FUND (EIN 231746532) - 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

1962

Legal Domicile

Principal Officer

RONALD FERGUSON

Phone

2153384150

Tax Period

2023-01-01 to 2023-12-31

UNITED INDEPENDENT UNION WELFARE FUND, founded in 1962, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.7M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

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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 $2,549,889

Investment Income $306,033

Other Revenue $36,078

TOTAL REVENUE $2,892,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $381,057

TOTAL EXPENSES $2,679,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,892,000	$2,770,172	+0.0%
Expenses	$2,679,916	$2,559,635	+0.0%
Net Income	$212,084	$210,537	+0.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD FERGUSON	TRUSTEE	5.00	Director	$0	$0	$0
GUY GIORDANO	TRUSTEE	5.00	Director	$0	$0	$0
CARA GIORDANO	ALTERNATE	2.00	Director	$0	$0	$0
ALEX MALDONADO	ALTERNATE	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	No data	No data	No data	No data
2023	$2,892,000	$2,679,916	$9,018,266	$212,084
2022	$2,770,172	$2,559,635	$8,345,420	$210,537
2021	$3,018,558	$2,519,615	$9,195,954	$498,943
2020	$2,702,680	$2,265,792	$8,601,515	$436,888
2019	$3,278,897	$2,854,131	$7,718,426	$424,766
2018	$3,783,432	$3,443,807	$6,856,426	$339,625

UNITED INDEPENDENT UNION WELFARE FUND