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UNITED PLANT & PRODUCTION WORKERS L175 WELFARE FUND
ROSLYN HEIGHTS, NY · EIN 134321969 · Form 990 · FY2024 · NTEE Y43 · Mutual & Membership Benefit · Large ($10M-$50M)
revenue
$19.4M
expenses
$12.8M
net assets
$65.9M
employees
7
program ratio
100%
mission · from form 990

MULTI -EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDANTS

profile · synthesized from sources

Multi-employer welfare fund established to provide health and welfare benefits to union workers and their dependents. Operates in New York and serves participants through a trust structure associated with labor union membership. The organization's primary purpose is administering benefits rather than direct service delivery or public programming.

named programs · 1 · from sources

What they call their work

Health and Welfare Benefits Program
Provides medical, dental, and wellness benefits to union workers and their dependents under a multi-employer trust structure
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides health and welfare benefits to union members and dependents
      Operates as a multi-employer welfare fund providing health and welfare benefits to participants, including medical, dental, and vision coverage, as well as related services for union members and their dependents.
financials · form 990 · fy2024
revenue
Total revenue$19.42M
Contributions & grants$15.83M82%
Program service revenue$00%
Investment income$3.59M18%
Other revenue$0
expenses
Total expenses$12.79M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$485K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$66.33M
Cash$4.74M
Investments$57.59M
Liabilities$458K
Net assets$65.87M
Liquid reserves58.5 mo
6 years on record · 2019–2024 · YoY revenue +18.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
ANTHONY FRANCO FUNDS ADMIN 25 $408K
CHARLES PRIOLO TRUSTEE 0 $238K
COSTANTINO SEMINATORE TRUSTEE 0 $222K
board members · 3
  • JAMES KILKENNY — EMPLOYER TRU
  • JOSEPH MARANDO — EMPLOYER TRU
  • JOSEPH SANTO — EMPLOYER TRU
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Multi-Employer Welfare Fund Model
    methodology: multi-employer_welfare_fund
    By pooling resources across multiple employers, the fund increases bargaining power and achieves economies of scale, enabling more sustainable and comprehensive health and welfare benefits for union workers and dependents.