BAKERY AND CONFECTIONERY UNION AND INDUSTRY INTERNATIONAL HEALTH BENEFITS FUND

EIN: 530227042

KENSINGTON, MD

Total Revenue
$25,720,380
Total Expenses
$21,703,692
Total Assets
$257,409,746
Net Assets
$255,582,250
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NY
Principal Officer
JOHN BECK
Phone
3014683750
Tax Period
2023-01-01 to 2023-12-31

BAKERY AND CONFECTIONERY UNION AND INDUSTRY INTERNATIONAL HEALTH BENEFITS FUND, founded in 1953, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.0M, a strong 16% operating margin.

Mission

THE ORGANIZATION IS THE TRUST FOR THE BAKERY AND CONFECTIONERY UNION AND INDUSTRY INTERNATIONAL HEALTH BENEFITS PLAN, A COLLECTIVELY BARGAINED WELFARE BENEFIT PLAN SERVING THE UNION MEMBERS OF THE BAKERY AND CONFECTIONERY INDUSTRY.

Program Service Accomplishments

Program 1

FUNDED HEALTH, DISABILITY, AND DEATH BENEFITS FOR MEMBERS, NUMBERED 8,330 AS OF DECEMBER 31, 2023.

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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 $21,018,888
Investment Income $4,701,492
Other Revenue $0
TOTAL REVENUE $25,720,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,139,139
Fundraising Expenses $0
Other Expenses $2,119,641
TOTAL EXPENSES $21,703,692

Year-over-Year Comparison

2023 2022 Change
Revenue $25,720,380 $22,231,474 +0.2%
Expenses $21,703,692 $23,939,202 -0.1%
Net Income $4,016,688 $-1,707,728 -3.4%
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
12
Independent Members
N/A
Employees
33
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
4
$1,718,145
Total Directors
12
$1,941,237
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BECK EXECUTIVE DIRECTOR 10.0
Officer
$72,653 $243,487 $534,098
JOHN HARRISON Manager of IT 16.0
Highest
$94,927 $203,680 $440,998
ANTHONY SHELTON UNION TRUSTEE/CHAIR 1.0
Officer Director
$0 $52,868 $416,674
DAVID WOODS UNION TRUSTEE/SECY-TREAS 1.0
Officer Director
$0 $103,801 $410,869
STEVEN BROCK Manager of Admin Services 8.0
Officer
$50,239 $105,309 $356,504
ZACHARY L TOWNSEND UNION TRUSTEE 1.0
Director
$0 $82,033 $296,074
SHAD CLARK UNION TRUSTEE 1.0
Director
$0 $73,450 $290,790
BRAD SCHMIDT UNION TRUSTEE 1.0
Director
$0 $50,110 $264,117
ROGER MILLER UNION TRUSTEE 1.0
Director
$0 $43,360 $262,713
MARGARET ZOOK IT RESEARCH ADMINISTRATOR 10.0
Highest
$35,254 $62,998 $204,014
MICHAEL LEE SOFTWARE ENGINEER 10.0
Highest
$32,106 $52,102 $180,525
LOU MINELLA EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
JON MCPHERSON EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
PHIL PATURZO EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
Pamela DiStefano EMPLOYER TTEE (Eff. 11/1/23) 1.0
Director
$0 $0 $0
Darrell Miller EMPLOYER TTEE (Eff. 11/1/23) 1.0
Director
$0 $0 $0
Darin Torosian EMPLOYER TTEE (Eff. 11/1/23) 1.0
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 $25,720,380 $21,703,692 $257,409,746 $4,016,688
2022 $22,231,474 $23,939,202 $235,108,207 $-1,707,728
2021 $69,614,282 $25,621,557 $262,956,027 $43,992,725
2020 $34,543,771 $27,432,013 $253,659,974 $7,111,758
2019 $34,357,286 $34,168,763 $234,569,944 $188,523
2018 $35,692,468 $39,380,154 $219,716,651 $-3,687,686
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