GIORGIO HEALTH AND WELFARE PLAN

EIN: 232122939

TEMPLE, PA

Total Revenue
$19,120,667
Total Expenses
$19,247,541
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
PA
Principal Officer
MICHAEL SOBOTA
Phone
6109262139
Tax Period
2023-01-01 to 2023-12-31

GIORGIO HEALTH AND WELFARE PLAN, founded in 1979, is a mid-sized nonprofit that reported $19.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH BENEFITS TO THE EMPLOYEES OF GIORGIO FOODS, INC., GIORGI MUSHROOM CO., GIORGI GLOBAL HOLDINGS INC., THE GIORGI COMPANIES INC., MG ALIMENTOS INC., CANPACK US LLC, CAN CORPORATION OF AMERICA, INC., ONTELAUNEE FARMS, INC., GIORGIO FRESH CO., CANPACK GROUP LLC, MAIDENCREEK PLAZA CO., CF LOGISTICS LLC,, GASPARI FARM PRODUCTS, INC., GASPARI FARMS, INC., AND DEW FRESH, INC.

Program Service Accomplishments

Program 1
Expenses: $17,777,094

HEALTH INSURANCE BENEFITS ARE PROVIDED TO SPONSORS' EMPLOYEES THROUGH SELF-INSURANCE. THE TRUST PROVIDED BENEFITS IN 2023 TO APPROXIMATELY 1,833 ACTIVELY PARTICIPATING EMPLOYEES.

Program 2
Expenses: $1,453,538

GROUP LIFE, DISABILITY, DENTAL AND VISION INSURANCE BENEFITS ARE PROVIDED TO SPONSORS' EMPLOYEES THROUGH GROUP INSURANCE COVERAGE.

Program 3
Expenses: $16,909

COBRA AND DISABILITY BENEFITS COSTS

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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 $19,120,667
Investment Income $0
Other Revenue $0
TOTAL REVENUE $19,120,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,247,541
Other Expenses $16,909
TOTAL EXPENSES $19,247,541

Year-over-Year Comparison

2023 2022 Change
Revenue $19,120,667 $16,662,735 +0.1%
Expenses $19,247,541 $16,568,144 +0.2%
Net Income $-126,874 $94,591 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA SARNER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SOBOTA CFO - GIORGIO FOODS 1.00
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 $19,120,667 $19,247,541 No data $-126,874
2022 $16,662,735 $16,568,144 $126,874 $94,591
2021 $14,373,210 $14,340,927 $32,283 $32,283
2020 $15,340,956 $15,340,956 No data No data
2019 $12,018,108 $12,018,108 No data No data
2018 $15,860,786 $15,860,786 No data No data
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