UNITED BENEFIT FUND

EIN: 562423802 Mutual Benefit

DOUGLASTON, NY

Total Revenue
$33,439,877
Total Expenses
$30,837,020
Total Assets
$37,129,529
Net Assets
$36,969,163
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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
NY
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.

Program Service Accomplishments

Program 1

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

Program 2

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%)

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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

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Governance

Voting Members
2
Independent Members
N/A
Employees
12
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
1
$138,501
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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