Excavators Union-731 Welfare Fund
501(c)(9)
100% goes to programs Strong reserves Growing revenue
Excavators Union-731 Welfare Fund is a 501(c)(9) organization based in Astoria, New York, registered in 1951, with $365,130,478 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
3411 35th Ave, Astoria, NY, 11106 EIN 13-1615440 Since 1951
Revenue (FY2024)
$365.1M
▲ 14.9% vs prior year
Expenses (FY2024)
$228.4M
Net assets
$1.1B
Employees
6
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Excavators Union-731 Welfare Fund: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating58 mo reserves · +37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Excavators Union-731 Welfare Fund: 58 mo reserves · +37% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Excavators Union-731 Welfare Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Excavators Union-731 Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Collectively bargained multi-employer welfare fund created to provide health & welfare benefits to participants and their dependents
What they do
To provide health & welfare benefit to participants and their dependents
Contact & location
Financial trends
Revenue grew from $130.2M (FY2013) to $365.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.5MNet assets $1.1B
Operating margin
37.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$7.5M
Net assets
$1.1B
Salaries & benefits
$2.3M
1% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $365,130,478▲14.9% | $228,448,833▲12.2% | $1,105,470,131▲19.5% | $1,112,965,398▲19.5% | 990 |
| 2023 | $317,835,772▲114% | $203,642,189▲4.9% | $925,076,798▲22.0% | $931,035,083▲21.9% | 990 |
| 2022 | $148,230,036▼44.2% | $194,198,359▲8.2% | $757,967,368▼10.8% | $763,644,459▼10.7% | 990 |
| 2021 | $265,733,082▲8.6% | $179,407,458▲16.0% | $849,463,680▲17.3% | $855,197,555▲17.2% | 990 |
| 2020 | $244,683,666▼4.7% | $154,710,116▼10.7% | $723,992,720▲23.2% | $729,939,503▲22.8% | 990 |
| 2019 | $256,840,962▲16.2% | $173,295,875▲12.7% | $587,865,110▲30.0% | $594,573,217▲31.0% | 990 |
| 2018 | $221,125,972▲14.7% | $153,712,929▲17.3% | $452,312,664▲8.5% | $453,818,758▲7.5% | 990 |
| 2017 | $192,861,487▲17.6% | $131,085,482▲1.6% | $416,972,099▲25.6% | $422,053,903▲25.5% | 990 |
| 2016 | $164,050,152▲14.4% | $129,077,397▲11.6% | $332,022,209▲16.3% | $336,387,369▲15.9% | 990 |
| 2015 | $143,387,388▼4.2% | $115,668,011▲10.6% | $285,426,872▲8.9% | $290,175,583▲10.5% | 990 |
| 2014 | $149,679,666▲15.0% | $104,584,093▲5.3% | $262,151,612▲13.1% | $262,553,457▲13.1% | 990 |
| 2013 | $130,207,597 | $99,303,493▲8.0% | $231,766,239▲18.6% | $232,087,470▲18.6% | 990 |
| 2012 | — | $91,988,962▲4.0% | $195,384,637▲14.0% | $195,665,816▲13.9% | 990 |
| 2011 | — | $88,490,977▲3.2% | $171,454,480▲10.9% | $171,723,974▲10.8% | 990 |
| 2010 | — | $85,788,449 | $154,590,225 | $155,000,821 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jessica Piza — $112,354 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jessica Piza | Wf Benefit C | 40 | $112,354 |
| Anthony D'abbraccio | Accountant | 12 | — |
| Anthony Todaro | Benefits Coo | 12 | — |
| Carmine D'amato | Union Truste | 0 | — |
| Christopher Nethaway | It Director | 12 | — |
| Dominic Valdner | Union Truste | 0 | — |
| Joseph D'amato | Fmr Trustee | 0 | — |
| Mark Key | Fund Adm | 25 | — |
| Mark Rosen | Employer Tru | — | — |
| Michelle Reid | Pension Supe | 10 | — |
| Paul D'abbraccio | Fmr Fund Mng | 20 | — |
| Robert Wessel | Employer Tru | — | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Blue Cross | Claims | $3,867,536 |
| Atalanta Sosnoff | Invest Mgr | $466,984 |
| Bhms | Invest Mgr | $422,435 |
| Mel Feder | Legal | $333,060 |
| Alliance Bernstein | Invest Mgr | $320,794 |
Frequently asked questions
- Is Excavators Union-731 Welfare Fund a legitimate nonprofit?
- Yes. Excavators Union-731 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-1615440, based in Astoria, New York.
- What is Excavators Union-731 Welfare Fund's EIN?
- Excavators Union-731 Welfare Fund's Employer Identification Number (EIN) is 13-1615440.
- How much revenue does Excavators Union-731 Welfare Fund report?
- Excavators Union-731 Welfare Fund reported $365,130,478 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Excavators Union-731 Welfare Fund's spending goes to programs?
- Excavators Union-731 Welfare Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Excavators Union-731 Welfare Fund have?
- CharityIndex grades Excavators Union-731 Welfare Fund B, based on program efficiency and fundraising cost.
- How much does Excavators Union-731 Welfare Fund's highest-paid employee make?
- The highest reported compensation on Excavators Union-731 Welfare Fund's latest Form 990 is $112,354, paid to Jessica Piza (Wf Benefit C).
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Data for Excavators Union-731 Welfare Fund (EIN 13-1615440) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.