UNITED FOOD AND COMMERCIAL WORKERS UNION LOCAL 1262 & EMPLOYERS HEALTH & WELFARE (EIN 237042767) - 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

1968

Legal Domicile

Principal Officer

HARVEY WHILLE

Phone

9737785800

Tax Period

2023-12-01 to 2024-11-30

UNITED FOOD AND COMMERCIAL WORKERS UNION LOCAL 1262 & EMPLOYERS HEALTH & WELFARE, founded in 1968, is a mid-sized nonprofit that reported $35.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION, LIFE INSURANCE AND MEDICAL BENEFITS TO 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 $34,821,863

Investment Income $320,268

Other Revenue $0

TOTAL REVENUE $35,142,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,032

Fundraising Expenses $0

Other Expenses $797,478

TOTAL EXPENSES $34,379,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,142,131	$32,308,178	+0.1%
Expenses	$34,379,261	$31,289,342	+0.1%
Net Income	$762,870	$1,018,836	-0.3%

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

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

$903,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARVEY WHILLE	UNION TRUSTEE - CHAIRMAN	0.50	Director	$0	$32,252	$473,760
DONALD MERRITT	UNION TRUSTEE	0.50	Director	$0	$32,252	$238,956
JAMES FEIMSTER	UNION TRUSTEE	0.50	Director	$0	$32,252	$190,969
MICHELLE CASTELLANA	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
GENE DEL ROSARIO	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JAMES MCGINN	EMPLOYER TRUSTEE	0.50	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	$35,142,131	$34,379,261	$15,053,773	$762,870
2023	$32,308,178	$31,289,342	$14,417,607	$1,018,836
2022	$32,017,133	$33,050,182	$13,287,521	$-1,033,049
2021	$34,603,427	$34,581,001	$14,928,977	$22,426
2020	$33,631,642	$33,069,956	$15,244,017	$561,686
2019	$35,421,479	$36,077,424	$14,462,822	$-655,945
2018	$33,607,173	$32,667,775	$14,605,005	$939,398

UNITED FOOD AND COMMERCIAL WORKERS UNION LOCAL 1262 & EMPLOYERS HEALTH & WELFARE