SPARKS, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOOD EMPLOYERS LABOR RELATIONS ASSOC& UNITED FOOD & COMMERCIAL WORKERS VEBA FD, founded in 1973, is a major nonprofit in the Mutual Benefit sector that reported $129.2M in total revenue in fiscal year 2023.
THE FOOD EMPLOYERS LABOR RELATIONS ASSOCIATION AND UNITED FOOD AND COMMERCIAL WORKERS VEBA FUND IS A MULTIEMPLOYER, COLLECTIVELY-BARGAINED EMPLOYEE WELFARE BENEFIT TRUST, WHICH PROVIDES MEDICAL, HOSPITAL, ACCIDENT AND SICKNESS, PRESCRIPTION DRUG, DENTAL, VISION, SEVERANCE, LEGAL ASSISTANCE, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO PARTICIPANTS, THEIR DEPENDENTS AND BENEFICIARIES COVERED UNDER THE FUND'S PLAN OF BENEFITS.
SERVED AS THE TRUST FOR A MULTIEMPLOYER WELFARE BENEFIT PLAN THAT PROVIDED MEDICAL, HOSPITAL, ACCIDENT, AND SICKNESS, PRESCRIPTION DRUG, DENTAL, VISION, SEVERANCE, LEGAL ASSISTANCE, LIFE INSURANCE...
SERVED AS THE TRUST FOR A MULTIEMPLOYER WELFARE BENEFIT PLAN THAT PROVIDED MEDICAL, HOSPITAL, ACCIDENT, AND SICKNESS, PRESCRIPTION DRUG, DENTAL, VISION, SEVERANCE, LEGAL ASSISTANCE, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $129,218,471 | $128,808,545 | +0.0% |
| Expenses | $131,391,875 | $141,367,472 | -0.1% |
| Net Income | $-2,173,404 | $-12,558,927 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| J PARADIS | CHAIRMAN/EMPLOYER TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| J CHORPENNING | UNION TRUSTEE (L 27) | 1.00 |
Director
|
$0 | $32,833 | $415,443 |
| J NAZARIO | UNION TRUSTEE (L27) | 1.00 |
Director
|
$0 | $32,617 | $192,058 |
| M FEDERICI | SECRETARY/UNION TRUSTEE (L | 2.00 |
Director
|
$0 | $33,869 | $259,812 |
| M GOBLE | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| D DOSENBACH | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| A HANSON | UNION TRUSTEE (L400) | 1.00 |
Director
|
$0 | $31,547 | $158,194 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $129,218,471 | $131,391,875 | $28,575,519 | $-2,173,404 |
| 2022 | $128,808,545 | $141,367,472 | $29,922,717 | $-12,558,927 |
| 2021 | $128,105,165 | $134,309,619 | $43,824,654 | $-6,204,454 |
| 2021 | $128,105,165 | $134,309,619 | $43,824,654 | $-6,204,454 |
| 2020 | $128,319,879 | $135,499,585 | $52,641,147 | $-7,179,706 |
| 2019 | $140,656,719 | $140,427,676 | $59,045,623 | $229,043 |
| 2018 | $145,427,220 | $143,274,533 | $57,692,863 | $2,152,687 |
Compare FOOD EMPLOYERS LABOR RELATIONS ASSOC& UNITED FOOD & COMMERCIAL WORKERS VEBA FD with other nonprofits in Maryland and across the country.