UNITED FOOD & COMMERCIAL WORKERS U… - 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

1941

Legal Domicile

Principal Officer

DANIEL PEDERSEN

Phone

2485859671

Tax Period

2023-01-01 to 2023-12-31

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 876, founded in 1941, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $9.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

NOT APPLICABLE

Program Service Accomplishments

Program 1

ALL PROGRAM SERVICE REVENUE IS DERIVED FROM MEMBERSHIP DUES. THE DUES ALLOW THE UNION TO FULFILL ITS EXEMPT PURPOSE OF REPRESENTING FOOD AND COMMERCIAL WORKERS, PRIMARILY IN SOUTHEAST MICHIGAN.

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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 $8,282,472

Investment Income $-120,030

Other Revenue $6,555

TOTAL REVENUE $8,168,997

Expense Breakdown

Grants Paid $278,500

Salaries & Benefits $4,142,584

Fundraising Expenses $0

Other Expenses $5,096,803

TOTAL EXPENSES $9,517,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,168,997	$7,409,286	+0.1%
Expenses	$9,517,887	$9,758,248	0.0%
Net Income	$-1,348,890	$-2,348,962	-0.4%

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

$794,692

Total Directors

$1,241,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONSTANCE MISURACA	EXECUTIVE BOARD/VP	2.00	Director	$10,600	$0	$10,600
DANIEL PEDERSEN	PRESIDENT	54.00	Officer Director	$291,923	$44,060	$335,983
DAWN MCCLANAHAN	EXECUTIVE BOARD/VP	40.00	Director	$110,240	$27,952	$138,192
JANETTE CHRISTMAS	EXECUTIVE BOARD/VP	2.00	Director	$15,728	$0	$15,728
JOHN MORRISON	EXECUTIVE BOARD/VP (THRU DEC 2023)	40.00	Director	$115,110	$18,060	$133,170
JOSEPH CLARK	EXECUTIVE BOARD/VP	2.00	Director	$95,286	$27,270	$122,556
KIM FLETCHER	EXECUTIVE BOARD/VP	2.00	Director	$4,350	$0	$4,350
KRISTINE HOLTHAM	EXECUTIVE BOARD/VP	2.00	Director	$9,100	$0	$9,100
MARGARITTE THOMAS	RECORDER (BEG. SEPT 2023)	54.00	Officer Director	$109,355	$32,660	$142,015
MARK LASLEY	EXECUTIVE BOARD/VP	2.00	Director	$4,350	$0	$4,350
ROBIN SHEPHERD	EXECUTIVE BOARD/VP	2.00	Director	$8,675	$0	$8,675
ROWENA GREEN	SECRETARY-TREASURER (THRU JUNE 2023)	54.00	Officer Director	$144,984	$29,774	$174,758
STEPHANIE VILLALPANDO	SECRETARY-TREASURER (BEG. SEPT 2023)	54.00	Officer Director	$127,899	$14,037	$141,936
ELAINE HILL	BUSINESS REPRESENTATIVE	50.00	Highest	$110,240	$24,056	$134,296
NATHAN CLARK	BUSINESS REPRESENTATIVE	50.00	Highest	$104,840	$32,660	$137,500
WILLIAM CRIM	BUSINESS REPRESENTATIVE	50.00	Highest	$128,900	$9,921	$138,821
WILLIAM PHIPPS	BUSINESS REPRESENTATIVE	50.00	Highest	$121,576	$0	$121,576

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	$8,168,997	$9,517,887	$31,273,161	$-1,348,890
2022	$7,409,286	$9,758,248	$29,864,245	$-2,348,962
2021	$10,538,249	$9,580,441	$33,652,922	$957,808
2020	$14,337,233	$9,127,373	$31,972,274	$5,209,860
2019	$10,154,964	$9,082,457	$29,511,129	$1,072,507
2018	$9,745,732	$8,928,388	$26,449,955	$817,344

UNITED FOOD & COMMERCIAL WORKERS UNION LOCAL 876