UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 880 - EMPLOYER (EIN 346726563) - 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

1952

Legal Domicile

Principal Officer

CARL IVKA

Phone

2162412828

Tax Period

2023-10-01 to 2024-09-30

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 880 - EMPLOYER, founded in 1952, is a major nonprofit that reported $127.8M in total revenue in fiscal year 2023. Expenses of $114.8M left a modest 10% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS

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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 $118,027,838

Investment Income $3,544,952

Other Revenue $6,272,649

TOTAL REVENUE $127,845,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,682,252

Fundraising Expenses $0

Other Expenses $2,065,267

TOTAL EXPENSES $114,794,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,845,439	$125,102,821	+0.0%
Expenses	$114,794,424	$120,482,215	0.0%
Net Income	$13,051,015	$4,620,606	+1.8%

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	Role	Reportable Comp	Other Comp	Total
SASHA PHILLIPS	EMPLOYER TRU	Director	$0	$0	$0
NICK ALBRECHT	EMPLOYER TRU	Director	$0	$0	$0
THOMAS HEINEN	EMPLOYER TRU	Director	$0	$0	$0
MILES ANDERSON	UNION TRUSTE	Director	$0	$0	$0
CARL IVKA	UNION TRUSTE	Director	$0	$0	$0
ERIC POLISCHAK	EMPLOYER TRU	Director	$0	$0	$0
CARL GREEN	UNION TRUSTE	Director	$0	$0	$0
MICHAEL DANCY	UNION TRUSTE	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	$127,845,439	$114,794,424	$117,476,779	$13,051,015
2023	$125,102,821	$120,482,215	$90,040,152	$4,620,606
2022	$119,500,989	$115,229,389	$81,396,996	$4,271,600
2021	$121,893,833	$130,099,529	$93,075,703	$-8,205,696
2020	$118,535,736	$120,827,259	$96,238,363	$-2,291,523
2019	$121,503,045	$121,485,251	$85,815,301	$17,794
2018	$124,315,967	$117,279,629	$78,166,883	$7,036,338

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 880 - EMPLOYER