LOCAL 703 IB OF T GROCERY & FOOD EMPLOYEES' WELFARE FUND (EIN 366161091) - 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

1947

Legal Domicile

Principal Officer

HOWARD MURDOCH

Phone

8668733416

Tax Period

2018-06-01 to 2018-12-31

LOCAL 703 IB OF T GROCERY & FOOD EMPLOYEES' WELFARE FUND, founded in 1947, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2018. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $5.4M left a modest 8% surplus.

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%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,830,034

Investment Income $91,059

Other Revenue $999

TOTAL REVENUE $5,922,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,020

Fundraising Expenses $0

Other Expenses $434,854

TOTAL EXPENSES $5,432,069

Year-over-Year Comparison

	2018	2017	Change
Revenue	$5,922,092	$11,313,380	-0.5%
Expenses	$5,432,069	$9,932,685	-0.5%
Net Income	$490,023	$1,380,695	-0.6%

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

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

$140,250

Total Directors

$299,474

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD C MURDOCH	TRUSTEE	1.00	Director	$0	$40,994	$140,315
MARTIN J FRIEDMAN	TRUSTEE	1.00	Director	$7,022	$0	$11,497
PATRICK BRUNO	TRUSTEE	1.00	Director	$0	$40,994	$139,743
STEPHEN LAMB	TRUSTEE	1.00	Director	$4,200	$0	$5,425
KENNETH BOYD	TRUSTEE - NEW	1.00	Director	$2,494	$0	$2,494
THOMAS W STIEDE	FUND MANAGER	1.00	Officer	$0	$53,555	$140,250

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
2018	$11,313,380	$9,932,685	$41,845,291	$1,380,695
2018	$5,922,092	$5,432,069	No data	$490,023

LOCAL 703 IB OF T GROCERY & FOOD EMPLOYEES' WELFARE FUND