IUPAT DISTRICT COUNCIL NO 21 WELFARE FUND

EIN: 912036994

PHILADELPHIA, PA

Total Revenue
$100,445,675
Total Expenses
$105,150,372
Total Assets
$93,154,636
Net Assets
$92,382,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
PA
Principal Officer
BERNARD SNYDER
Phone
2159345130
Tax Period
2024-05-01 to 2025-04-30

IUPAT DISTRICT COUNCIL NO 21 WELFARE FUND, founded in 1950, is a major nonprofit that reported $100.4M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF THE FUND IS TO PAY HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE FUND IS TO PAY HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $95,240,670
Investment Income $4,766,632
Other Revenue $438,373
TOTAL REVENUE $100,445,675

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,272,792
Fundraising Expenses $0
Other Expenses $1,576,525
TOTAL EXPENSES $105,150,372

Year-over-Year Comparison

2024 2023 Change
Revenue $100,445,675 $60,793,252 +0.7%
Expenses $105,150,372 $58,536,237 +0.8%
Net Income $-4,704,697 $2,257,015 -3.1%
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
28
Independent Members
14
Employees
24
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
0
$0
Total Directors
30
$4,075,394
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM ANDRA EMPLOYER CO-CHAIRMAN 2.00
Director
$0 $0 $0
MICHAEL THURMAN EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
PAUL TSOUROUS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
CARL POSTUPAK EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
ROBERT GRIFFITHS UNION TRUSTEE (P) 2.00
Director
$0 $111,371 $236,661
MATT TRZASKA UNION TRUSTEE 2.00
Director
$0 $135,237 $312,210
FRANCIS MCLAUGHLIN UNION CO-CHAIRMAN (P) 2.00
Director
$0 $103,745 $220,750
MICHAEL LAUGHLIN UNION TRUSTEE 2.00
Director
$0 $135,507 $312,341
MICHAEL VALCO UNION TRUSTEE 2.00
Director
$0 $115,542 $264,152
MATT CORTEZ UNION TRUSTEE 2.00
Director
$0 $129,304 $300,138
MICHELE GEORGETTI EMPLOYER CO-CHAIRMAN 2.00
Director
$0 $0 $0
AJ CASPARRO UNION TRUSTEE 2.00
Director
$0 $120,671 $275,647
BERNIE SNYDER UNION CO-CHAIRMAN 2.00
Director
$0 $140,400 $328,542
CATIE SCOTT EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
LISA GODLEWSKI EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
RONALD KUDLA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
TOM SULKOWSKI EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
PAUL MIRAGLIA UNION TRUSTEE 2.00
Director
$0 $110,544 $247,672
JOE WEISS UNION TRUSTEE 2.00
Director
$0 $104,172 $247,653
ALBERT GALVEZ UNION TRUSTEE 2.00
Director
$0 $110,913 $277,004
JOHN MARINO UNION TRUSTEE 2.00
Director
$0 $112,053 $285,438
EMILIO MURACCHIOLI UNION TRUSTEE 2.00
Director
$0 $101,529 $254,937
JAMES KEARNS UNION TRUSTEE 2.00
Director
$0 $102,637 $257,157
DAVID REZES UNION TRUSTEE 2.00
Director
$0 $102,637 $255,092
ANDY SINGH EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
THOMAS CIRIGNANO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
STEVEN LEWIS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
IAN JOSLOFF EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL MARTINO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
BRIAN DRUCKS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL PREVITERA FUND ADMINISTRATOR 31.00
Highest
$125,537 $128,414 $310,947
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
2025 $100,445,675 $105,150,372 $93,154,636 $-4,704,697
2024 $60,793,252 $58,536,237 $98,209,171 $2,257,015
2023 $56,207,513 $56,309,789 $60,166,828 $-102,276
2022 $54,798,388 $54,690,567 $61,190,147 $107,821
2021 $53,011,378 $48,716,645 $65,088,374 $4,294,733
2020 $55,348,303 $53,530,183 $55,766,810 $1,818,120
2019 $56,805,229 $52,468,491 $54,989,681 $4,336,738
2018 $53,450,110 $49,767,519 $50,312,605 $3,682,591
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