UFCW LOCAL 1500 WELFARE FUND

EIN: 237176373

WESTBURY, NY

Total Revenue
$78,912,899
Total Expenses
$78,587,333
Total Assets
$60,210,518
Net Assets
$50,841,956
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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
1948
Legal Domicile
NY
Principal Officer
ROBERT NEWELL
Phone
5162141300
Tax Period
2023-01-01 to 2023-12-31

UFCW LOCAL 1500 WELFARE FUND, founded in 1948, is a mid-sized nonprofit that reported $78.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE EMPLOYEE BENEFITS IN THE FORM OF HEALTH AND WELFARE PLANS FOR MEMBERS OF UFCW LOCAL 1500 AND THEIR DEPENDENTS

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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 $74,562,907
Investment Income $2,003,357
Other Revenue $2,346,635
TOTAL REVENUE $78,912,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,525,293
Fundraising Expenses $0
Other Expenses $1,086,738
TOTAL EXPENSES $78,587,333

Year-over-Year Comparison

2023 2022 Change
Revenue $78,912,899 $78,737,665 +0.0%
Expenses $78,587,333 $72,484,967 +0.1%
Net Income $325,566 $6,252,698 -0.9%
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
3
$879,292
Total Directors
6
$879,292
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH WADDY UNION TRUSTEE 5.00
Officer Director
$0 $32,955 $270,000
PAT DURNING EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
PAUL SANTARPIA UNION TRUSTEE 5.00
Officer Director
$0 $27,376 $195,204
ROBERT NEWELL UNION TRUSTEE 8.00
Officer Director
$0 $41,614 $414,088
ROBERT SPINELLA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
CAROLANN MARONEY EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ALY WADDY SECRETARY-TREASURER 1.00
Highest
$0 $36,573 $345,068
GREGORY PASQUALE VICE PRESIDENT 1.00
Highest
$0 $28,363 $156,876
JULIUS SCORZELLI VICE PRESIDENT 1.00
Highest
$0 $26,410 $161,484
ROBERT ECKER VICE PRESIDENT 1.00
Highest
$0 $27,197 $147,475
LYNN SHIELS VICE PRESIDENT 1.00
Highest
$0 $11,901 $214,174
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 $78,912,899 $78,587,333 $60,210,518 $325,566
2022 $78,737,665 $72,484,967 $57,714,600 $6,252,698
2021 $80,681,991 $76,191,987 $55,436,614 $4,490,004
2020 $79,418,635 $83,502,937 $55,038,869 $-4,084,302
2019 $79,908,829 $76,291,061 $54,591,192 $3,617,768
2018 $77,853,203 $68,880,844 $46,558,641 $8,972,359
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