LOCAL 400 FOOD TERMINAL EMPLOYEES' WELFARE FUND

EIN: 346538250

CLEVELAND, OH

Total Revenue
$3,123,771
Total Expenses
$2,473,404
Total Assets
$4,199,598
Net Assets
$3,077,625
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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
1952
Legal Domicile
OH
Principal Officer
CHARLES CIMINO JR
Phone
2167786302
Tax Period
2023-01-01 to 2023-12-31

LOCAL 400 FOOD TERMINAL EMPLOYEES' WELFARE FUND, founded in 1952, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. The organization ran a surplus of $650K, a strong 21% operating margin.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS.

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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 $2,996,610
Investment Income $126,712
Other Revenue $449
TOTAL REVENUE $3,123,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,575
Fundraising Expenses $0
Other Expenses $89,638
TOTAL EXPENSES $2,473,404

Year-over-Year Comparison

2023 2022 Change
Revenue $3,123,771 $3,081,367 +0.0%
Expenses $2,473,404 $2,257,648 +0.1%
Net Income $650,367 $823,719 -0.2%
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
2
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES A CIMINO JR CHAIRMAN 5.00
Officer Director
$0 $0 $0
RAYMOND GOLD TRUSTEE 5.00
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 $3,123,771 $2,473,404 $4,199,598 $650,367
2022 $3,081,367 $2,257,648 $3,528,547 $823,719
2021 $2,651,847 $2,512,242 $2,739,675 $139,605
2020 $2,702,100 $2,702,386 $2,605,719 $-286
2019 $2,934,739 $2,918,894 $2,851,315 $15,845
2018 $3,284,745 $2,862,795 $2,600,120 $421,950
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