MICHIGAN UFCW UNIONS & EMPLOYERS RETIREE HEALTH & WELFARE FUND

EIN: 382427401

DAYTON, OH

Total Revenue
$330,404
Total Expenses
$1,755,770
Total Assets
$2,289,180
Net Assets
$2,195,015
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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
1958
Legal Domicile
MI
Principal Officer
DANIEL PEDERSEN
Phone
2485859610
Tax Period
2024-04-01 to 2025-03-31

MICHIGAN UFCW UNIONS & EMPLOYERS RETIREE HEALTH & WELFARE FUND, founded in 1958, is a small nonprofit that reported $330K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 431% operating deficit.

Mission

PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $228,875
Investment Income $96,429
Other Revenue $5,100
TOTAL REVENUE $330,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $191,810
TOTAL EXPENSES $1,755,770

Year-over-Year Comparison

2024 2023 Change
Revenue $330,404 $377,173 -0.1%
Expenses $1,755,770 $1,544,015 +0.1%
Net Income $-1,425,366 $-1,166,842 +0.2%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$358,706
Total Directors
10
$763,110
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL PEDERSEN TRUSTEE & SECRETARY 1.00
Officer Director
$0 $32,338 $358,706
DEVIN SENNEKER TRUSTEE 1.00
Director
$0 $0 $0
STEVE YANCEY TRUSTEE & CHAIRMAN 1.00
Officer Director
$0 $0 $0
KIMBERLY WELCH-HARLAN TRUSTEE 1.00
Director
$0 $0 $0
JESSICA OFFENBACHER TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE VILLALPANDO ALTERNATE TRUSTEE 1.00
Director
$0 $13,224 $192,322
NATE CLARK ALTERNATE TRUSTEE 1.00
Director
$0 $0 $101,100
MARISA DIDUR ALTERNATE TRUSTEE 1.00
Director
$0 $0 $0
RYLAN NORRIS ALTERNATE TRUSTEE 1.00
Director
$0 $0 $0
MARGARITTE THOMAS ALTERNATE TRUSTEE 1.00
Director
$0 $0 $110,982
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 $330,404 $1,755,770 $2,289,180 $-1,425,366
2024 $377,173 $1,544,015 $3,707,647 $-1,166,842
2023 $343,466 $2,032,888 $4,889,373 $-1,689,422
2022 $42,286,971 $51,250,913 $6,565,819 $-8,963,942
2021 $51,768,343 $51,604,829 $16,460,455 $163,514
2020 $41,545,926 $58,156,643 $16,286,691 $-16,610,717
2019 $45,932,779 $58,415,137 $32,686,824 $-12,482,358
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