Civic Intelligence

United Benefit Fund

EIN 56-2423802 • 501(c)9 • Douglaston, NY

NTEE Y43

Profile

To provide health and other benefits to union members and their families.

40-26 235th StDouglaston, NY 11363

unitedbenefitfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

6.2%

Faster revenue growth than 47% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,654,272

Up $5,524,743 (+15%) from 2023

Liabilities

Down

$79,170

Down $81,196 (-51%) from 2023

Net Assets

Up

$42,575,102

Up $5,605,939 (+15%) from 2023

Revenue

Up

$35,497,062

Up $2,057,185 (+6.2%) from 2023

Expenses

Up

$31,721,286

Up $884,266 (+2.9%) from 2023

Net Income

Up

$3,775,776

Up $1,172,919 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $13,537,115Liabilities 2010: $288,551Net Assets 2010: $13,248,5642010Assets 2011: $12,270,831Liabilities 2011: $275,091Net Assets 2011: $11,995,7402011Assets 2012: $13,815,731Liabilities 2012: $295,613Net Assets 2012: $13,520,1182012Assets 2013: $20,067,388Liabilities 2013: $33,473Net Assets 2013: $20,033,9152013Assets 2014: $19,346,000Liabilities 2014: $360,496Net Assets 2014: $18,985,5042014Assets 2015: $19,157,259Liabilities 2015: $206,314Net Assets 2015: $18,950,9452015Assets 2016: $22,137,901Liabilities 2016: $180,468Net Assets 2016: $21,957,4332016Assets 2017: $26,080,047Liabilities 2017: $68,730Net Assets 2017: $26,011,3172017Assets 2018: $30,007,505Liabilities 2018: $26,752Net Assets 2018: $29,980,7532018Assets 2019: $33,268,598Liabilities 2019: $41,753Net Assets 2019: $33,226,8452019Assets 2020: $36,742,311Liabilities 2020: $49,894Net Assets 2020: $36,692,4172020Assets 2021: $37,686,331Liabilities 2021: $36,992Net Assets 2021: $37,649,3392021Assets 2022: $32,833,457Liabilities 2022: $263,900Net Assets 2022: $32,569,5572022Assets 2023: $37,129,529Liabilities 2023: $160,366Net Assets 2023: $36,969,1632023Assets 2024: $42,654,272Liabilities 2024: $79,170Net Assets 2024: $42,575,1022024

Highlighted filing

2024

Assets$42,654,272
Liabilities$79,170
Net Assets$42,575,102

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2010: $16,013,411Expenses 2010: $12,044,887Net Income 2010: $3,968,5242010Revenue 2011: $22,505,178Expenses 2011: $23,758,002Net Income 2011: -$1,252,8242011Revenue 2012: $28,839,959Expenses 2012: $27,315,581Net Income 2012: $1,524,3782012Revenue 2013: $31,549,703Expenses 2013: $25,035,906Net Income 2013: $6,513,7972013Revenue 2014: $17,253,860Expenses 2014: $18,302,271Net Income 2014: -$1,048,4112014Revenue 2015: $15,864,236Expenses 2015: $14,962,066Net Income 2015: $902,1702015Revenue 2016: $19,151,766Expenses 2016: $17,211,356Net Income 2016: $1,940,4102016Revenue 2017: $21,706,266Expenses 2017: $17,358,689Net Income 2017: $4,347,5772017Revenue 2018: $22,384,910Expenses 2018: $17,068,891Net Income 2018: $5,316,0192018Revenue 2019: $24,275,386Expenses 2019: $23,042,507Net Income 2019: $1,232,8792019Revenue 2020: $24,611,135Expenses 2020: $20,969,586Net Income 2020: $3,641,5492020Revenue 2021: $25,212,115Expenses 2021: $23,643,901Net Income 2021: $1,568,2142021Revenue 2022: $31,704,921Expenses 2022: $31,464,021Net Income 2022: $240,9002022Revenue 2023: $33,439,877Expenses 2023: $30,837,020Net Income 2023: $2,602,8572023Revenue 2024: $35,497,062Expenses 2024: $31,721,286Net Income 2024: $3,775,7762024

Highlighted filing

2024

Revenue$35,497,062
Expenses$31,721,286
Net Income$3,775,776

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.7$0.08$42.6$35.5$31.7$3.78
2023Detailed filing. Detailed filing data is available for this year.$37.1$0.16$37.0$33.4$30.8$2.60
2022Detailed filing. Detailed filing data is available for this year.$32.8$0.26$32.6$31.7$31.5$0.24
2021Detailed filing. Detailed filing data is available for this year.$37.7$0.04$37.6$25.2$23.6$1.57
2020Detailed filing. Detailed filing data is available for this year.$36.7$0.05$36.7$24.6$21.0$3.64
2019Detailed filing. Detailed filing data is available for this year.$33.3$0.04$33.2$24.3$23.0$1.23
2018Detailed filing. Detailed filing data is available for this year.$30.0$0.03$30.0$22.4$17.1$5.32
2017Detailed filing. Detailed filing data is available for this year.$26.1$0.07$26.0$21.7$17.4$4.35
2016Detailed filing. Detailed filing data is available for this year.$22.1$0.18$22.0$19.2$17.2$1.94
2015Detailed filing. Detailed filing data is available for this year.$19.2$0.21$19.0$15.9$15.0$0.90
2014Summary only. Only limited summary data is available for this year.$19.3$0.36$19.0$17.3$18.3$1.05
2013Summary only. Only limited summary data is available for this year.$20.1$0.03$20.0$31.5$25.0$6.51
2012Summary only. Only limited summary data is available for this year.$13.8$0.30$13.5$28.8$27.3$1.52
2011Summary only. Only limited summary data is available for this year.$12.3$0.28$12.0$22.5$23.8$1.25
2010Summary only. Only limited summary data is available for this year.$13.5$0.29$13.2$16.0$12.0$3.97
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.0
Gross Receipts
$66,720,173
Mission and Program Overview

Mission

To provide health and other benefits to union members and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$36,969,163$42,575,102▲ $5,605,939
Investments in Publicly Traded Securities$31,920,313$35,694,498▲ $3,774,185
Cash and Non-Interest-Bearing Accounts$1,434,577$3,071,589▲ $1,637,012
Savings and Temporary Cash Investments$1,008,993$1,784,416▲ $775,423
Accounts Receivable$1,817,068$1,503,965▼ $313,103
Land, Buildings, and Equipment, Net$31,630$22,528▼ $9,102
Total Assets$37,129,529$42,654,272▲ $5,524,743
Other Assets Total$916,948$577,276▼ $339,672
Liabilities
Accounts Payable and Accrued Expenses$160,366$79,170▼ $81,196
Total Liabilities$160,366$79,170▼ $81,196
Net Assets / Fund Balance
Total Net Assets Fund Balance$36,969,163$42,575,102▲ $5,605,939
Total Liabilities and Net Assets / Fund Balance$37,129,529$42,654,272▲ $5,524,743

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,528$289,122$311,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanna TalamoFund AdminisFT$133,273$33,130$166,403
Jeanna TalamoFund Administrator-$133,273$33,130$166,403
Dean DeluciaField RepPT$109,322$33,130$142,452

Board Members and Trustees

NameTitle
Andrew TalamoTrustee
TOM D'AMBROSIOTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
MeritainClaims Processo300 CORPORATE PARKWAY, Amherst, NY 14226$1,330,749
Sunny Medical AnalysisClaims Consulta243 MANHATTAN AVENUE, Tuckahoe, NY 10707$373,259
Gorlick Kravitz ListausLegal17 STATE ST 4TH FLOOR, New York, NY 10004$108,650
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$35,389,706
Investment Income
$-28,185
Other Revenue
$135,541
Change in Net Assets
$3,775,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,492,052
Revenue Not Reported on Financial Statements
$5,010
Revenue Not Reported on Form 990
$1,830,163
Total Revenue per Audited Statements
$37,322,215
Total Revenue per Form 990
$35,497,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,086,187
Salaries, Compensation, and Employee Benefits$694,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$27,940,487
Fees for Services Management---$1,359,358
Insurance---$639,897
Fees for Services Other---$601,468
Other Salaries and Wages---$399,419
Current Officers, Directors, Trustees, and Key Employees---$133,273
Information Technology---$126,390
Other Employee Benefits---$119,675
Fees for Services Legal---$110,400
Occupancy---$91,506
Office Expenses---$50,824
Payroll Taxes---$42,245
Fees for Service Investment Mgmnt Fees---$38,010
Fees for Services Accounting---$36,000
Depreciation Depletion---$14,586
Other Expenses---$4,189
Conferences and Meetings---$1,434
Total Functional Expenses$0$0$0$31,721,286

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$31,721,286
Expenses per Audited Statements$31,716,276
Total Expenses per Audited Statements$31,716,276
Expenses Not Reported on Financial Statements$5,010
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jeanna talamo andrew talamo fund admin trustee spouse

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
United Benefit Fund
EIN
56-2423802
Phone
7185132477
Address
40-26 235TH ST, DOUGLASTON, NY 11363

Signing Officer

Name
Andrew Talamo
Title
Trustee
Phone
7185132477
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Talamo
Formed
2004
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
0
Employees
13

Preparer

Firm
Castiglia Llp
Address
134 BURR RD, EAST NORTHPORT, NY 11731
Preparer
Robert V Castiglia CPA
Phone
6314867830
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide hospital, medical, surgical, optical, prescriptions, dental and death benefits to union members and their families.

Raw XML Appendix375 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JEANNA TALAMO ANDREW TALAMO FUND ADMIN TRUSTEE SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/ReturnTs02025-10-21T17:37:19-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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