UNITED BENEFIT FUND (EIN 562423802) - 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

2004

Legal Domicile

Principal Officer

ANDREW TALAMO

Phone

7185132477

Tax Period

2023-01-01 to 2023-12-31

UNITED BENEFIT FUND, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $33.4M in total revenue in fiscal year 2023. Expenses of $30.8M left a modest 8% surplus.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO UNION MEMBERS AND THEIR FAMILIES.

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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 $32,269,937

Investment Income $1,044,365

Other Revenue $125,575

TOTAL REVENUE $33,439,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,595

Fundraising Expenses $0

Other Expenses $3,005,568

TOTAL EXPENSES $30,837,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,439,877	$31,704,921	+0.1%
Expenses	$30,837,020	$31,464,021	0.0%
Net Income	$2,602,857	$240,900	+9.8%

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

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

$138,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNA TALAMO	FUND ADMINIS	80.00	Officer	$131,906	$6,595	$138,501
TOM D'AMBROSIO	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW TALAMO	TRUSTEE	N/A	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	$33,439,877	$30,837,020	$37,129,529	$2,602,857
2022	$31,704,921	$31,464,021	$32,833,457	$240,900
2021	$25,212,115	$23,643,901	$37,686,331	$1,568,214
2020	$24,611,135	$20,969,586	$36,742,311	$3,641,549
2019	$24,275,386	$23,042,507	$33,268,598	$1,232,879
2018	$22,384,910	$17,068,891	$30,007,505	$5,316,019

UNITED BENEFIT FUND