TEAMSTERS HEALTH SERVICES & INSURANCE PLAN OF LOCAL UNION 404 (EIN 042174518) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

BRYAN DONOVAN

Phone

4137332191

Tax Period

2023-07-01 to 2024-06-30

TEAMSTERS HEALTH SERVICES & INSURANCE PLAN OF LOCAL UNION 404, founded in 1954, is a mid-sized nonprofit that reported $22.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $11.0M, a strong 49% operating margin.

Mission

SELF-INSURED HEALTH BENEFIT PLAN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,308,023

Investment Income $8,144,306

Other Revenue $17,824

TOTAL REVENUE $22,470,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,427

Fundraising Expenses $0

Other Expenses $1,037,960

TOTAL EXPENSES $11,425,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,470,153	$20,197,694	+0.1%
Expenses	$11,425,808	$10,123,488	+0.1%
Net Income	$11,044,345	$10,074,206	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$198,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK ROSSI	UNION TRUSTEE	4.00	Director	$9,800	$0	$9,800
ROBERT SULLIVAN JR	EMPLOYER TRUSTEE	2.00	Director	$4,900	$0	$4,900
LAWRENCE KEEFE	EMPLOYER TRUSTEE	2.00	Director	$9,800	$0	$9,800
BRYAN DONOVAN	UNION TRUSTEE	4.00	Director	$0	$63,500	$173,930

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$22,470,153	$11,425,808	$188,572,381	$11,044,345
2023	$20,197,694	$10,123,488	$168,128,456	$10,074,206
2022	$24,892,363	$9,101,092	$145,964,552	$15,791,271
2021	$25,241,064	$11,604,825	$159,696,911	$13,636,239
2020	$17,616,301	$9,292,164	$118,890,524	$8,324,137
2019	$18,380,057	$10,133,157	$116,104,733	$8,246,900
2018	$16,725,446	$9,416,554	$106,774,031	$7,308,892

TEAMSTERS HEALTH SERVICES & INSURANCE PLAN OF LOCAL UNION 404