Welfare Trust Fund Local 804
501(c)(9)
Only null% goes to programs Strong reserves
Welfare Trust Fund Local 804 is a 501(c)(9) organization based in Prt Washingtn, New York, registered in 1952, with $140,209,840 in FY2024 revenue. CharityIndex grades it B.
44 S Bayles Ave Ste 302, Prt Washingtn, NY, 11050 EIN 11-1637886 Since 1952
Revenue (FY2024)
$140.2M
▲ 1.0% vs prior year
Expenses (FY2024)
$148.8M
Net assets
$148.2M
Employees
22
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 Trust Fund Local 804— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating12 mo reserves · -6% 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 Trust Fund Local 804: 12 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Trust Fund Local 804: 3 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 Trust Fund Local 804: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health care benefits
Contact & location
- Address
- 44 S Bayles Ave Ste 302, Prt Washingtn, NY, 11050
- City
- Prt Washingtn
- State
- New York
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.6M (FY2013) to $140.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.1MNet assets $148.2M
Operating margin
-6.2%
Spent more than it raised in the latest fiscal year.
Total assets
$151.3M
Total liabilities
$3.1M
Net assets
$148.2M
Salaries & benefits
$3.0M
2% of expenses
Board members
8
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $140,209,840▲1.0% | $148,845,294▲3.9% | $148,206,773▼1.6% | $151,269,833▼0.6% | 990 |
| 2023 | $138,849,052▲1.7% | $143,284,526▲11.7% | $150,595,607▼1.7% | $152,158,930▼1.8% | 990 |
| 2022 | $136,580,884▲3.3% | $128,317,082▲6.8% | $153,129,908▲3.6% | $154,905,188▲0.9% | 990 |
| 2021 | $132,247,343▲4.8% | $120,177,577▲18.5% | $147,746,206▲1.1% | $153,577,922▲4.4% | 990 |
| 2020 | $126,158,102▲14.2% | $101,423,889▲4.5% | $146,207,059▲20.5% | $147,164,982▲17.7% | 990 |
| 2019 | $110,435,544▲8.4% | $97,056,269▲5.8% | $121,357,867▲16.5% | $124,992,884▲19.1% | 990 |
| 2018 | $101,870,503▲2.9% | $91,777,160▲10.1% | $104,179,135▲14.8% | $104,966,889▲14.8% | 990 |
| 2017 | $98,952,693▲13.6% | $83,334,378▲3.9% | $90,724,844▲11.6% | $91,399,660▲11.5% | 990 |
| 2016 | $87,074,055▲4.7% | $80,244,414▲8.0% | $81,283,713▲11.9% | $81,977,354▲12.2% | 990 |
| 2015 | $83,177,798▲6.1% | $74,268,125▲9.9% | $72,632,029▲12.8% | $73,079,150▲10.9% | 990 |
| 2014 | $78,370,984▲9.5% | $67,553,444▲10.2% | $64,371,817▲23.0% | $65,922,960▲22.3% | 990 |
| 2013 | $71,565,652 | $61,277,441▲9.9% | $52,336,911▲30.2% | $53,910,115▲30.8% | 990 |
| 2012 | — | $55,755,989▼2.1% | $40,183,655▲48.0% | $41,200,227▲44.2% | 990 |
| 2011 | — | $56,938,881▼0.7% | $27,157,918▲42.6% | $28,564,191▲40.1% | 990 |
| 2010 | — | $57,348,126▼1.1% | $19,040,228▲29.3% | $20,389,286▲28.4% | 990 |
| 2009 | — | $57,983,774 | $14,725,752 | $15,880,862 | 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: Marc Panteleone — $242,903 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Marc Panteleone | Fund Manager | 26 | $242,903 |
| Maggie Wu | Accountant | 39 | $230,234 |
| James Panteleone | It and Benefit Claims Assi | 61 | $176,243 |
| Christine Nicoletti | Office Manager | 26 | $143,396 |
| Celia Liaw | Benefit Claims Assistant | 46 | $127,164 |
| Anwar Zaidi | Medical Clerk | 45 | $104,431 |
| Antonino Rosciglione | Union Trustee | 1 | — |
| Chris Langan | Employer Trustee | 1 | — |
| Christopher Williamson | Union Trustee | 1 | — |
| Mark Cohen | Union Trustee | 1 | — |
| Mark Mcelreath | Employer Trustee | 1 | — |
| Matthew Loughlin | Former Employer Trustee | 1 | — |
| Michael Clayton | Employer Trustee | 1 | — |
| Nicole Peitrangeli | Employer Trustee | 1 | — |
| Vincent Perrone | Union Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Empire Healthchoice Assurance Inc | Benefit Administrative Service | $2,278,644 |
| The Segal Company (eastern States) Inc | Actuarial and Consulting Services | $469,980 |
| New York Medical Management | Benefit Consulting Services | $442,204 |
| Health Plan System | Benefit Information Technology | $393,094 |
| Proskauer Rose LLP | Legal Services | $240,715 |
Frequently asked questions
- Is Welfare Trust Fund Local 804 a legitimate nonprofit?
- Yes. Welfare Trust Fund Local 804 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1637886, based in Prt Washingtn, New York.
- What is Welfare Trust Fund Local 804's EIN?
- Welfare Trust Fund Local 804's Employer Identification Number (EIN) is 11-1637886.
- How much revenue does Welfare Trust Fund Local 804 report?
- Welfare Trust Fund Local 804 reported $140,209,840 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Welfare Trust Fund Local 804 have?
- CharityIndex grades Welfare Trust Fund Local 804 B, based on financial health (reserves and operating margin).
- How much does Welfare Trust Fund Local 804's highest-paid employee make?
- The highest reported compensation on Welfare Trust Fund Local 804's latest Form 990 is $242,903, paid to Marc Panteleone (Fund Manager).
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Data for Welfare Trust Fund Local 804 (EIN 11-1637886) 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.