UNITED FOOD AND COMMERCIAL WORKERS UNIONS AND PARTICIPATING EMPLOYERS HEALTH & WELFARE FUND

EIN: 526044428

LANDOVER, MD

Total Revenue
$11,808,120
Total Expenses
$10,403,250
Total Assets
$6,198,492
Net Assets
$5,832,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MD
Principal Officer
MARK FEDERICI
Phone
4106836500
Tax Period
2023-01-01 to 2023-12-31

UNITED FOOD AND COMMERCIAL WORKERS UNIONS AND PARTICIPATING EMPLOYERS HEALTH & WELFARE FUND, founded in 1961, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $10.4M left a modest 12% surplus.

Mission

established by the ufcw int'l union, ufcw local unions 27 & 400 and participating employers, to receive contributions & hold assets for a multiemployer employee benefit fund.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,394,834
Investment Income $386,041
Other Revenue $27,245
TOTAL REVENUE $11,808,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $917,322
TOTAL EXPENSES $10,403,250

Year-over-Year Comparison

2023 2022 Change
Revenue $11,808,120 $13,949,746 -0.2%
Expenses $10,403,250 $14,101,462 -0.3%
Net Income $1,404,870 $-151,716 -10.3%
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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Governance

Voting Members
9
Independent Members
1
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
2
$259,812
Total Directors
9
$1,171,981
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CHORPENNING UNION TRUSTEE 1.0
Director
$0 $32,833 $415,443
THOMAS HIPKINS UNION TRUSTEE 1.0
Director
$0 $32,695 $306,420
MARK FEDERICI UNION TRUSTEE/CHAIRMAN 1.0
Officer Director
$0 $33,869 $259,812
MICHAEL WILSON UNION TRUSTEE 1.0
Director
$0 $32,244 $190,306
VALERIE MARSH EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
PEGGY LIN Employer Trustee 1.0
Director
$0 $0 $0
STEVEN LOEFFLER INDEPENDENT EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
ELIZABETH M FIERGOLA EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
WILLIAM SEEHAFER EMPLOYER TRUSTEE/SECRETARY 1.0
Officer Director
$0 $0 $0
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 $11,808,120 $10,403,250 $6,198,492 $1,404,870
2022 $13,949,746 $14,101,462 $4,704,636 $-151,716
2021 $10,452,660 $14,145,306 $4,799,903 $-3,692,646
2020 $11,718,370 $17,020,852 $8,545,978 $-5,302,482
2019 $20,837,591 $20,282,674 $13,825,769 $554,917
2018 $26,504,150 $22,618,749 $13,223,545 $3,885,401
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