SECURITY GUARDS 1412 WELFARE FUND ERISA (EIN 452466215) - 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

2010

Legal Domicile

Principal Officer

JAMES CARLUCCI

Phone

9737512800

Tax Period

2022-03-01 to 2023-02-28

SECURITY GUARDS 1412 WELFARE FUND ERISA, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $444K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE FUND WAS CREATED FOR THE PURPOSE OF PROVIDING WELFARE BENEFITS AUTHORIZED OR PERMITTED BY LAW FOR PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS AND BENEFICIARIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $443,538

Investment Income $0

Other Revenue $0

TOTAL REVENUE $443,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,310

TOTAL EXPENSES $474,192

Year-over-Year Comparison

	2022	2021	Change
Revenue	$443,538	$384,680	+0.2%
Expenses	$474,192	$506,260	-0.1%
Net Income	$-30,654	$-121,580	-0.7%

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

$125,832

Total Directors

$10,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CARLUCCI	TRUSTEE	1.00	Director	$0	$0	$10,800
DANIEL DELORENZI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CIALLELLA	FUND MANAGER	10.00	Officer	$0	$31,596	$125,832

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
2023	$443,538	$474,192	$130,313	$-30,654
2022	$384,680	$506,260	$162,967	$-121,580
2021	$399,301	$463,381	$287,155	$-64,080
2020	$438,268	$439,647	$346,535	$-1,379
2019	$384,286	$311,416	$347,714	$72,870
2018	$300,044	$298,778	$280,270	$1,266

SECURITY GUARDS 1412 WELFARE FUND ERISA