UNITED FOOD & COMMERICIAL WORKERS LOCAL 400 AND EMPLOYERS HEALTH & WELFARE FUND (EIN 550393244) - 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

1959

Legal Domicile

Principal Officer

MARK FEDERICI

Phone

3043437682

Tax Period

2023-02-01 to 2024-01-31

UNITED FOOD & COMMERICIAL WORKERS LOCAL 400 AND EMPLOYERS HEALTH & WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $27.1M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $27,022,057

Investment Income $0

Other Revenue $86,858

TOTAL REVENUE $27,108,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,517

Fundraising Expenses $0

Other Expenses $1,051,114

TOTAL EXPENSES $27,401,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,108,915	$49,603,661	-0.5%
Expenses	$27,401,751	$49,554,678	-0.4%
Net Income	$-292,836	$48,983	-7.0%

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

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

$530,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BROWN	TRUSTEE	1.00	Director	$0	$0	$121,506
MARK FEDERICI	TRUSTEE	1.00	Director	$0	$0	$225,943
CHRISTOPHER HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$182,727
MICHAEL PALMER	TRUSTEE	1.00	Director	$0	$0	$0
RYLAN NORRIS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MANCINI	TRUSTEE	1.00	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
2024	$27,108,915	$27,401,751	$2,099,081	$-292,836
2023	$49,603,661	$49,554,678	$2,533,284	$48,983
2022	$49,944,995	$51,703,128	$2,344,306	$-1,758,133
2021	$44,615,417	$44,509,794	$4,238,911	$105,623
2020	$42,903,814	$45,394,197	$4,039,302	$-2,490,383
2019	$42,596,954	$48,187,830	$6,610,418	$-5,590,876

UNITED FOOD & COMMERICIAL WORKERS LOCAL 400 AND EMPLOYERS HEALTH & WELFARE FUND