CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SEIU LOCAL 1 CLEVELAND WELFARE FUND, founded in 1958, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. The organization ran a surplus of $598K, a strong 24% operating margin.
THIS ENTITY IS A MULTI-EMPLOYER HEALTH AND WELFARE FUND THAT PROVIDES BENEFITS TO EMPLOYEE MEMBERS. THE REVENUE FROM EMPLOYERS, EMPLOYEE COBRA, AND RETIREES ARE USED TO PROVIDE THESE BENEFITS.
HEALTH CARE BENEFITS - THE FUND PROVIDES VARIOUS HEALTH CARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR ELIGIBLE DEPENDENTS.
PAID PRESCRIPTION PROGRAM - THE FUND HAS CONTRACTED WITH SAVRX TO PROVIDE A PROGRAM FOR PRESCRIPTION DRUGS. THE PROGRAM REQUIRES A MINOR CO-PAY. ALL ELIGIBLE MEMBERS AND THEIR ELIGIBLE DEPENDENTS ARE...
PAID PRESCRIPTION PROGRAM - THE FUND HAS CONTRACTED WITH SAVRX TO PROVIDE A PROGRAM FOR PRESCRIPTION DRUGS. THE PROGRAM REQUIRES A MINOR CO-PAY. ALL ELIGIBLE MEMBERS AND THEIR ELIGIBLE DEPENDENTS ARE COVERED.
VISION CARE PROGRAM - THE FUND IS SELF-FUNDED AND MEMBERS ARE DIRECTLY REIMBURSED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,468,692 | $2,366,654 | +0.0% |
| Expenses | $1,871,064 | $1,715,721 | +0.1% |
| Net Income | $597,628 | $650,933 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RUDOLPH BRAYDICH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CASTLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MAX GERBOC | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH MUNZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL RASPATELLO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| YANELA SIMS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAMILO VILLA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,468,692 | $1,871,064 | $9,956,647 | $597,628 |
| 2022 | $2,366,654 | $1,715,721 | $9,020,287 | $650,933 |
| 2021 | $1,708,973 | $2,007,654 | $9,521,539 | $-298,681 |
| 2020 | $1,584,504 | $1,411,644 | $9,767,554 | $172,860 |
| 2019 | $2,019,433 | $2,096,434 | $9,206,770 | $-77,001 |
| 2018 | $2,785,964 | $2,120,269 | $8,555,662 | $665,695 |
Compare SEIU LOCAL 1 CLEVELAND WELFARE FUND with other nonprofits in Ohio and across the country.