Welfare & Pension Funds of Local 464a Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Welfare & Pension Funds of Local 464a Welfare Fund is a 501(c)(9) organization based in Little Falls, New Jersey, registered in 1958, with $107,949,327 in FY2024 revenue. CharityIndex grades it B.
245 Paterson Ave, Little Falls, NJ, 07424 EIN 22-1582446 Since 1958
Revenue (FY2024)
$107.9M
▲ 20.1% vs prior year
Expenses (FY2024)
$88.4M
Net assets
$387.0M
Employees
17
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Welfare & Pension Funds of Local 464a Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating53 mo reserves · +18% 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 Welfare & Pension Funds of Local 464a Welfare Fund: 53 mo reserves · +18% 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 Welfare & Pension Funds of Local 464a Welfare Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Welfare & Pension Funds of Local 464a Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Welfare fund providing medical,surgical,hospital,dental,optical,prescription and life insurance benefits for covered members of ufcw local 464a-afl-cio.
Contact & location
- Address
- 245 Paterson Ave, Little Falls, NJ, 07424
- City
- Little Falls
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.1M (FY2013) to $107.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $23.0MNet assets $387.0M
Operating margin
18.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$409.9M
Total liabilities
$23.0M
Net assets
$387.0M
Salaries & benefits
$1.3M
1% of expenses
Board members
6
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $107,949,327▲20.1% | $88,369,360▲3.9% | $386,956,077▲21.0% | $409,912,811▲18.8% | 990 |
| 2023 | $89,862,894▼10.0% | $85,092,108▲12.9% | $319,816,095▲20.3% | $345,015,189▲19.5% | 990 |
| 2022 | $99,889,065▼3.2% | $75,385,036▲14.9% | $265,929,749▼14.8% | $288,699,453▼13.4% | 990 |
| 2021 | $103,138,356▲19.8% | $65,609,159▼10.0% | $312,303,842▲29.6% | $333,347,359▲27.1% | 990 |
| 2020 | $86,109,038▲5.7% | $72,863,796▼3.0% | $241,023,458▲17.7% | $262,220,078▲17.9% | 990 |
| 2019 | $81,486,283▼2.7% | $75,088,380▲9.8% | $204,769,529▲22.4% | $222,335,322▲21.7% | 990 |
| 2018 | $83,743,349▲6.3% | $68,356,353▲1.9% | $167,255,558▼3.1% | $182,640,562▼2.4% | 990 |
| 2017 | $78,746,329▲12.6% | $67,055,470▲0.6% | $172,611,818▲21.3% | $187,114,137▲21.5% | 990 |
| 2016 | $69,922,333▼3.7% | $66,644,759▲6.7% | $142,359,049▲7.3% | $154,054,874▲7.0% | 990 |
| 2015 | $72,631,863▲14.0% | $62,475,733▲4.8% | $132,677,873▲10.0% | $143,949,348▲6.5% | 990 |
| 2014 | $63,728,525▲2.6% | $59,623,622▼4.9% | $120,621,037▲14.7% | $135,140,988▲11.2% | 990 |
| 2013 | $62,118,567 | $62,696,371▲23.5% | $105,141,488▲14.0% | $121,497,313▲15.7% | 990 |
| 2012 | — | $50,773,703▼11.6% | $92,258,525▲17.6% | $104,991,903▲16.2% | 990 |
| 2011 | — | $57,410,859▲0.8% | $78,425,539▲3.8% | $90,317,486▼0.5% | 990 |
| 2010 | — | $56,963,561 | $75,553,281 | $90,731,876 | 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: Kathleen Pridmore — $159,190 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathleen Pridmore | Employee | 40 | $159,190 |
| Rosa Amica-terra | Director of Administration | 40 | $134,750 |
| Steven Kaplan | Employee | 40 | $102,242 |
| Timothy Coppo | Employee | 40 | $101,447 |
| Vincent Piscitelli | Director of Operations | 40 | $76,353 |
| Umberto Mariconda | Controller | 40 | $76,256 |
| Dan Dosenbach | Trustee | 1 | — |
| Joan Williams | Alternate | 1 | — |
| John Niccollai III | Trustee | 1 | — |
| John T Niccollai | Trustee | 1 | — |
| Justin Ramos | Alternate | 1 | — |
| Patrick Durning | Trustee | 1 | — |
| Richard Whalen | Trustee | 1 | — |
| Robert Spinella | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dental Delivery Systems Inc | Contract Fees - Dental Services | $3,185,121 |
| Horizon Blue Cross Blue Shield of Nj | Claims Administration | $2,695,782 |
| The Maxon Administrators Inc | Claims Administration | $1,685,874 |
| John Niccollai Medical Practice PA | Contract Fees - Medical Services | $1,417,495 |
| Anthony J Boni Od and Alicia N Do | Contract Fees - Vision Services | $1,113,287 |
Frequently asked questions
- Is Welfare & Pension Funds of Local 464a Welfare Fund a legitimate nonprofit?
- Yes. Welfare & Pension Funds of Local 464a Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-1582446, based in Little Falls, New Jersey.
- What is Welfare & Pension Funds of Local 464a Welfare Fund's EIN?
- Welfare & Pension Funds of Local 464a Welfare Fund's Employer Identification Number (EIN) is 22-1582446.
- How much revenue does Welfare & Pension Funds of Local 464a Welfare Fund report?
- Welfare & Pension Funds of Local 464a Welfare Fund reported $107,949,327 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Welfare & Pension Funds of Local 464a Welfare Fund have?
- CharityIndex grades Welfare & Pension Funds of Local 464a Welfare Fund B, based on financial health (reserves and operating margin).
- How much does Welfare & Pension Funds of Local 464a Welfare Fund's highest-paid employee make?
- The highest reported compensation on Welfare & Pension Funds of Local 464a Welfare Fund's latest Form 990 is $159,190, paid to Kathleen Pridmore (Employee).
More nonprofits in Little Falls
Explore more
Data for Welfare & Pension Funds of Local 464a Welfare Fund (EIN 22-1582446) 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.