BAKERS UNION & FOOD EMPL LABOR RELATIONS ASSOC HEALTH & WELFARE PLAN (EIN 260000485) - 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

2002

Legal Domicile

Principal Officer

GARY OSKOIAN

Phone

4106836500

Tax Period

2023-01-01 to 2023-12-31

BAKERS UNION & FOOD EMPL LABOR RELATIONS ASSOC HEALTH & WELFARE PLAN, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE MEDICAL, DENTAL AND OTHER WELFARE BENEFITS TO UNION MEMBERSHIP IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENT

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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 $4,249,537

Investment Income $60,748

Other Revenue $96,090

TOTAL REVENUE $4,406,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $408,979

TOTAL EXPENSES $4,549,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,406,375	$4,853,231	-0.1%
Expenses	$4,549,450	$3,651,301	+0.2%
Net Income	$-143,075	$1,201,930	-1.1%

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

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

$221,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE JONES	UNION TRUSTEE	1.00	Director	$0	$0	$80,026
GARY OSKOIAN	UNION TRUSTEE	1.00	Director	$0	$0	$141,180
MICHAEL GOBLE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOAN WILLIAMS	EMPLOYER TRUSTEE	1.00	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	$4,406,375	$4,549,450	$1,945,179	$-143,075
2022	$4,853,231	$3,651,301	$2,032,288	$1,201,930
2021	$4,535,371	$4,424,660	$747,678	$110,711
2020	$4,343,354	$4,770,282	$811,564	$-426,928
2019	$4,336,345	$4,449,273	$1,156,336	$-112,928
2018	$3,693,747	$4,648,196	$1,228,946	$-954,449

BAKERS UNION & FOOD EMPL LABOR RELATIONS ASSOC HEALTH & WELFARE PLAN