UFCW 75 REAL ESTATE CORPORATION

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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

1974

Legal Domicile

Principal Officer

KEVIN GARVEY

Phone

9376650075

Tax Period

2024-01-01 to 2024-12-31

UFCW 75 REAL ESTATE CORPORATION, founded in 1974, is a small nonprofit that reported $557K in total revenue in fiscal year 2024. Expenses of $871K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO HOLD, PURCHASE AND RECEIVE REAL PROPERTY IN TRUST FOR THE UNITED FOOD AND COMMERCIAL WORKERS UNION LOCAL 75.

Program Service Accomplishments

Program 1

TO HOLD, PURCHASE AND RECEIVE REAL PROPERTY IN TRUST FOR THE UNITED FOOD AND COMMERCIAL WORKERS UNION LOCAL 75.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $556,570

TOTAL REVENUE $556,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,216

Fundraising Expenses $0

Other Expenses $706,273

TOTAL EXPENSES $871,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,570	$547,575	+0.0%
Expenses	$871,489	$845,874	+0.0%
Net Income	$-314,919	$-298,299	+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

N/A

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

$768,081

Total Directors

$1,928,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN GARVEY	PRESIDENT	1.00	Officer Director	$0	$37,728	$407,733
BRYON O'NEAL	SECRETARY/TREASURER	1.00	Officer Director	$0	$44,326	$360,348
WILLIAM SCOTT ADKINS	VP/E-BOARD	1.00	Director	$0	$39,562	$169,447
TOM BIERMAN	DIRECTOR OF FINANCE/VP	1.00	Director	$0	$40,114	$179,271
KAREN BROWN	EXEC VICE PRES/E-BRD/VP	1.00	Director	$0	$18,289	$156,884
SCOTT KESLER	VP/E-BOARD	1.00	Director	$0	$39,119	$156,449
JOY CHURCH	RECORDING SECRETARY	1.00	Director	$0	$29,980	$128,371
RICHARD BYRD	VP/E-BOARD	1.00	Director	$0	$0	$4,578
STEVE WITTEKIND THRU 8924	VP/E-BOARD/AREA DIRECTOR	1.00	Director	$0	$20,094	$193,258
NANCY ANDERSON	VP/E-BOARD	1.00	Director	$0	$0	$11,588
LAURA BERLINCOURT	VP/E-BOARD	1.00	Director	$0	$0	$14,960
VASHYRA CANNON	VP/E-BOARD	1.00	Director	$0	$0	$23,725
DOUGLAS CORRELL	VP/E-BOARD	1.00	Director	$0	$0	$4,670
CHARLES DILLARD	VP/E-BOARD	1.00	Director	$0	$0	$4,535
RAYMOND FLUKER	VP/E-BOARD	1.00	Director	$0	$0	$5,306
ROBERTA GREAVER	VP/E-BOARD	1.00	Director	$0	$0	$9,499
DEBORAH GRIFFIN THRU 101124	VP/E-BOARD	1.00	Director	$0	$0	$3,744
BRIAN HOLLAR	VP/E-BOARD	1.00	Director	$0	$0	$6,199
KATHLEEN JONES	VP/E-BOARD	1.00	Director	$0	$0	$5,142
ROBERT KIMBALL	VP/E-BOARD	1.00	Director	$0	$0	$5,784
MARTIN LEWIS	VP/E-BOARD	1.00	Director	$0	$0	$5,498
JAMES PETTY	VP/E-BOARD	1.00	Director	$0	$0	$5,700
RANDY SCHOLTZ THRU 12624	VP/E-BOARD	1.00	Director	$0	$0	$655
SOPHIA SIMMONS	VP/E-BOARD	1.00	Director	$0	$0	$4,905
DONALD WATKINS	VP/E-BOARD	1.00	Director	$0	$0	$4,020
IMARA BAILEY	VP/E-BOARD	1.00	Director	$0	$0	$6,555
RACHEL FERGUSON	VP/E-BOARD	1.00	Director	$0	$0	$5,772
HAZAEL HERRERA	VP/E-BOARD	1.00	Director	$0	$0	$7,277
ZACHARY STUMPF	VP/E-BOARD	1.00	Director	$0	$0	$4,371
KATARA VARNER	VP/E-BOARD	1.00	Director	$0	$0	$14,132
STEPHANIE FLUM THRU 1124	VP/E-BOARD	1.00	Director	$0	$0	$0
SARAH BARKER	VP/E-BOARD	1.00	Director	$0	$0	$12,563
ANGELA CORNELISON	VP/E-BOARD	1.00	Director	$0	$0	$5,474
ANGELA LANIER THRU 1124	VP/E-BOARD	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	$556,570	$871,489	$3,092,429	$-314,919
2023	$547,575	$845,874	$3,205,160	$-298,299
2022	$564,222	$803,341	$3,201,620	$-239,119
2021	$497,001	$672,340	$3,207,775	$-175,339
2020	$444,231	$638,896	$3,108,471	$-194,665
2019	$322,757	$578,068	$3,000,911	$-255,311
2018	$302,954	$566,375	$2,789,970	$-263,421