UFCW & EMPLOYERS BENEFIT TRUST

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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

1962

Legal Domicile

Principal Officer

JACQUES S LOVEALL

Phone

9257467530

Tax Period

2023-01-01 to 2023-12-31

UFCW & EMPLOYERS BENEFIT TRUST, founded in 1962, is a major nonprofit that reported $529.0M in total revenue in fiscal year 2023.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 39,556 ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYERS.

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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 $516,173,164

Investment Income $2,673,184

Other Revenue $10,191,202

TOTAL REVENUE $529,037,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,307,853

TOTAL EXPENSES $519,126,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,037,550	$553,364,469	0.0%
Expenses	$519,126,324	$546,446,588	0.0%
Net Income	$9,911,226	$6,917,881	+0.4%

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

Governance

Voting Members

Independent Members

N/A

Employees

8063

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

$333,607

Total Directors

$1,515,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUES S LOVEALL	CHAIR	5.00	Officer Director	$0	$40,920	$333,607
PENNY SCHUMACHER	SECRETARY	5.00	Officer Director	$0	$0	$0
TARA LOCASO	TRUSTEE	5.00	Director	$0	$0	$0
KEVIN SEARS	TRUSTEE	5.00	Director	$0	$0	$0
JOSEPH AMBROSI	TRUSTEE	5.00	Director	$0	$0	$0
JOHN FRAHM	TRUSTEE	5.00	Director	$0	$15,105	$179,781
JOHN HEISE	TRUSTEE	5.00	Director	$0	$23,886	$234,248
DANIEL LARSON	TRUSTEE	5.00	Director	$0	$38,601	$163,419
KIRK L VOGT	TRUSTEE	5.00	Director	$0	$23,886	$292,091
OSCAR OROZCO	TRUSTEE (AS OF SEP '23)	5.00	Director	$0	$14,978	$147,865
JOHN A NUNES	TRUSTEE (UNTIL SEP '23)	5.00	Director	$0	$14,873	$164,767

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	$529,037,550	$519,126,324	$565,423,054	$9,911,226
2022	$553,364,469	$546,446,588	$526,950,081	$6,917,881
2021	$559,658,551	$540,791,681	$525,821,847	$18,866,870
2020	$532,058,943	$482,140,374	$498,379,125	$49,918,569
2019	$528,012,770	$532,632,829	$469,318,017	$-4,620,059
2018	$555,423,056	$545,006,714	$460,205,535	$10,416,342