ADMINISTRATIVE DISTRICT COUNCIL 1 WELFARE FUND

EIN: 362150067

ELMHURST, IL

Total Revenue
$33,233,730
Total Expenses
$41,136,092
Total Assets
$149,157,778
Net Assets
$148,817,559
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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
1950
Legal Domicile
IL
Principal Officer
MICHAEL VOLPENTESTA
Phone
6306178600
Tax Period
2024-06-01 to 2025-05-31

ADMINISTRATIVE DISTRICT COUNCIL 1 WELFARE FUND, founded in 1950, is a mid-sized nonprofit that reported $33.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $41.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE HEALTH BENEFITS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,253,353
Investment Income $3,882,947
Other Revenue $97,430
TOTAL REVENUE $33,233,730

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,196,826
Fundraising Expenses $0
Other Expenses $1,355,855
TOTAL EXPENSES $41,136,092

Year-over-Year Comparison

2024 2023 Change
Revenue $33,233,730 $35,468,983 -0.1%
Expenses $41,136,092 $39,175,703 +0.1%
Net Income $-7,902,362 $-3,706,720 +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

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Governance

Voting Members
11
Independent Members
6
Employees
15
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
$208,649
Total Directors
12
$1,685,826
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LAUBER JR TRUSTEE 1.00
Director
$0 $0 $0
BERNIE VAN ETTEN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PILOLLA TRUSTEE 1.00
Director
$0 $0 $0
JAMES ZUIDEMA TRUSTEE 1.00
Director
$0 $0 $0
FRANK DZIADUS TRUSTEE 1.00
Director
$0 $0 $0
AARON JANIK TRUSTEE 1.00
Director
$0 $0 $0
DWAYNE STEWART TRUSTEE 1.00
Director
$0 $105,421 $248,368
DOUGLAS JOHNSTON FIELD REP. / TRUSTEE 15.00
Director
$155,701 $112,249 $267,950
DAN KUCZKOWSKI TRUSTEE 1.00
Director
$0 $105,421 $231,886
RUBEN COLLAZO TRUSTEE - PAST 1.00
Director
$0 $113,537 $318,482
MICHAEL VOLPENTESTA TRUSTEE 1.00
Director
$0 $120,302 $367,729
SEAN ALLEN TRUSTEE 1.00
Director
$0 $105,421 $251,411
MELODY NEYLAND ADMINISTRATOR 15.00
Officer
$143,753 $64,896 $208,649
NICHOLAS MARINOPOULOS FIELD REPRESENTATIVE 15.00
Highest
$155,701 $112,299 $268,000
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
2025 $33,233,730 $41,136,092 $149,157,778 $-7,902,362
2024 $35,468,983 $39,175,703 $148,038,211 $-3,706,720
2023 $32,359,789 $34,317,978 $139,295,537 $-1,958,189
2022 $33,858,933 $37,335,085 $142,003,579 $-3,476,152
2021 $33,743,860 $33,703,652 $157,270,790 $40,208
2020 $33,832,009 $33,684,476 $140,369,241 $147,533
2019 $38,363,029 $35,276,300 $134,684,254 $3,086,729
2018 $36,579,439 $33,779,591 $135,325,910 $2,799,848
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