FOOD EMPLOYERS LABOR RELATIONS ASSOC& UNITED FOOD & COMMERCIAL WORKERS VEBA FD (EIN 521036978) - 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

1973

Legal Domicile

Principal Officer

FELRA UFCW VEBA FUND

Phone

4106836500

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS, THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $128,918,173

Investment Income $237,643

Other Revenue $62,655

TOTAL REVENUE $129,218,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,996,260

TOTAL EXPENSES $131,391,875

Year-over-Year Comparison

	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%

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

N/A

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

Total Directors

$1,025,507

Key Employees

Highest Compensated

reported

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

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	$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

FOOD EMPLOYERS LABOR RELATIONS ASSOC& UNITED FOOD & COMMERCIAL WORKERS VEBA FD