TEAMSTERS LOCAL 560 TRAINING AND SAFETY FUND (EIN 061701375) - 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

2001

Legal Domicile

Principal Officer

ROBERT BLUMENFELD

Phone

2018673553

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL 560 TRAINING AND SAFETY FUND, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $26K in total revenue in fiscal year 2023. The organization ran a surplus of $18K, a strong 70% operating margin.

Mission

TO TRAIN THE CONSTRUCTION EMPLOYEES IN INDUSTRY SKILLS, PROCESSES, AND PROCEDURES

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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 $25,986

Investment Income $57

Other Revenue $0

TOTAL REVENUE $26,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,143

TOTAL EXPENSES $7,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,043	$24,445	+0.1%
Expenses	$7,870	$20,086	-0.6%
Net Income	$18,173	$4,359	+3.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WOODFIELD	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH DIPALMA	UNION TRUSTEE	0.50	Director	$0	$0	$0
DANIEL NEVILLE	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
ROBERT BLUMENFELD	FUND ADMINISTRATOR	0.50	Officer Director	$0	$0	$0
EDWIN STIER	UNION TRUSTEE	0.50	Director	$0	$0	$0
LOUIS RODRIGUEZ	UNION TRUSTEE	0.50	Director	$0	$0	$0
ANNIE ADAMS	UNION TRUSTEE ALTERNATE	0.50	Director	$0	$0	$0

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
2023	$26,043	$7,870	$8,241	$18,173
2022	$24,445	$20,086	$19,496	$4,359
2021	$22,597	$6,586	$4,933	$16,011
2020	$29,409	$77,928	$8,329	$-48,519
2019	$30,436	$78,337	$22,011	$-47,901
2018	$35,912	$72,747	$66,409	$-36,835

TEAMSTERS LOCAL 560 TRAINING AND SAFETY FUND