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

EIN: 237042767

CLIFTON, NJ

Total Revenue
$35,142,131
Total Expenses
$34,379,261
Total Assets
$15,053,773
Net Assets
$14,835,686
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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
NJ
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.

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
6
Independent Members
3
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
6
$903,685
Key Employees
0
$0
Highest Compensated
0
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
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