Bakery Drivers' Welfare Fund

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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

1984

Legal Domicile

Principal Officer

PAUL TAORMINA

Phone

4129218100

Tax Period

2023-11-01 to 2024-10-31

Bakery Drivers' Welfare Fund, founded in 1984, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Expenses of $6.0M left a modest 5% surplus.

Mission

To provide health & welfare benefits to eligible employees & retirees of employers who are parties to collective bargaining agreements.

Program Service Accomplishments

Program 1

Revenue: $6,007,339

To provide medical & other health related benefits to eligible employees and retirees who are parties to collective bargaining agreements with the former members of Bakery Drivers' Local Union 485...

To provide medical & other health related benefits to eligible employees and retirees who are parties to collective bargaining agreements with the former members of Bakery Drivers' Local Union 485 who merged with the Automotive Chauffeurs, Parts & Garage Employees Local Union No. 926 effective February 1, 2004.

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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 $6,007,339

Investment Income $315,204

Other Revenue $0

TOTAL REVENUE $6,322,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,751

Fundraising Expenses $0

Other Expenses $76,383

TOTAL EXPENSES $5,995,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,322,543	$6,385,430	0.0%
Expenses	$5,995,452	$6,040,109	0.0%
Net Income	$327,091	$345,321	-0.1%

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

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
PAUL TAORMINA	Chair	5.000	Officer Director	$0	$0	$0
MARK SPONSELLER	Trustee	1.000	Director	$0	$0	$0
CHRISTOPHER SPEERS	Trustee	1.000	Director	$0	$0	$0
EMORY P EICHER	Trustee	1.000	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	$6,322,543	$5,995,452	$9,841,571	$327,091
2023	$6,385,430	$6,040,109	$9,005,848	$345,321
2022	$6,341,035	$5,604,194	$8,955,034	$736,841
2021	$6,669,921	$7,089,685	$8,630,942	$-419,764
2020	$6,911,964	$5,826,551	$9,285,112	$1,085,413
2019	$7,692,889	$8,391,421	$8,375,888	$-698,532
2018	$7,332,364	$6,280,061	$8,785,573	$1,052,303