UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 711 FOOD EMPLOYERS BENEFIT FUND (EIN 237100610) - 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

1970

Legal Domicile

Principal Officer

IAN ADAMS

Phone

8004534584

Tax Period

2023-01-01 to 2023-12-31

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 711 FOOD EMPLOYERS BENEFIT FUND, founded in 1970, is a mid-sized nonprofit that reported $65.8M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.4M, a strong 22% operating margin.

Mission

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS

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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 $60,664,790

Investment Income $1,499,161

Other Revenue $3,653,115

TOTAL REVENUE $65,817,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,438,618

Other Expenses $5,256,234

TOTAL EXPENSES $51,438,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,817,066	$45,119,455	+0.5%
Expenses	$51,438,618	$56,704,193	-0.1%
Net Income	$14,378,448	$-11,584,738	-2.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN ADAMS	TRUSTEE	10.00	Director	$0	$0	$0
ANDY LUKES	TRUSTEE	10.00	Director	$0	$0	$0
DEANNA LEIVAS	TRUSTEE	10.00	Director	$0	$0	$0
MICHAEL GITTINGS	TRUSTEE	10.00	Director	$0	$0	$0
RUBEN PEREZ	TRUSTEE	10.00	Director	$0	$0	$0
DIONNE KLUG	TRUSTEE	10.00	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	$65,817,066	$51,438,618	$67,335,865	$14,378,448
2022	$45,119,455	$56,704,193	$54,065,861	$-11,584,738
2021	$24,428,053	$44,364,553	$47,809,606	$-19,936,500
2020	$38,462,925	$39,620,193	$67,124,314	$-1,157,268
2019	$52,021,322	$40,172,876	$68,934,360	$11,848,446
2018	$51,535,146	$44,981,357	$57,342,041	$6,553,789

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 711 FOOD EMPLOYERS BENEFIT FUND