LOCAL 703 IB OF T GROCERY & FOOD E… - Form 990 Financial Data

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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

2017-06-01 to 2018-05-31

LOCAL 703 IB OF T GROCERY & FOOD EMPLOYEES' WELFARE FUND, founded in 1947, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2017. Revenue decreased 9% compared to the prior year. Expenses of $9.9M left a modest 12% surplus.

Mission

PROVIDE HEALTH BENEFITS

Program Service Accomplishments

Program 1

TO PROVIDE HEALTHCARE, DEATH AND DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,367,343

Investment Income $945,861

Other Revenue $176

TOTAL REVENUE $11,313,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,353

Fundraising Expenses $0

Other Expenses $698,545

TOTAL EXPENSES $9,932,685

Year-over-Year Comparison

	2017	2016	Change
Revenue	$11,313,380	$12,464,254	-0.1%
Expenses	$9,932,685	$11,952,569	-0.2%
Net Income	$1,380,695	$511,685	+1.7%

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

$142,296

Total Directors

$279,957

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD C MURDOCH	TRUSTEE	1.00	Director	$0	$40,301	$138,846
MARTIN J FRIEDMAN	TRUSTEE	1.00	Director	$2,853	$0	$2,853
PATRICK BRUNO	TRUSTEE	1.00	Director	$0	$40,301	$138,258
STEPHEN LAMB	TRUSTEE - NEW	1.00	Director	$0	$0	$0
KEN NEMETH	TRUSTEE - PAST	1.00	Director	$0	$0	$0
THOMAS W STIEDE	FUND MANAGER	1.00	Officer	$0	$52,378	$142,296
LAURA CABALLERO	ASSISTANT FUND MANAGER	1.00	Highest	$0	$40,301	$196,333

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