WELFARE FUND TEAMSTERS LOCAL 237 IBT GEN ACCT

EIN: 132575626

NEW YORK, NY

Total Revenue
$43,478,351
Total Expenses
$40,966,768
Total Assets
$86,371,565
Net Assets
$83,323,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
GREGORY FLOYD
Phone
2129242000
Tax Period
2024-01-01 to 2024-12-31

WELFARE FUND TEAMSTERS LOCAL 237 IBT GEN ACCT, founded in 1964, is a mid-sized nonprofit that reported $43.5M in total revenue in fiscal year 2024. Expenses of $41.0M left a modest 6% surplus.

Mission

TO PROVIDE DENTAL, DRUG, OPTICAL, LEGAL, DEATH, DISABILITY AND CERTAIN OTHER BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS COVERED UNDER COLLECTIVELY BARGAINED LABOR CONTRACTS NEGOTIATED BY THE CITY EMPLOYEES LOCAL UNION 237 I.B.T.

Program Service Accomplishments

Program 1

THE FUND PROVIDED DENTAL, DRUG, OPTICAL, LEGAL, DEATH, DISABILITY AND CERTAIN OTHER BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS COVERED UNDER COLLECTIVELY BARGAINED LABOR CONTRACTS NEGOTIATED...

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THE FUND PROVIDED DENTAL, DRUG, OPTICAL, LEGAL, DEATH, DISABILITY AND CERTAIN OTHER BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS COVERED UNDER COLLECTIVELY BARGAINED LABOR CONTRACTS NEGOTIATED BY THE CITY EMPLOYEES LOCAL UNION 237 I.B.T.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $42,064,446
Investment Income $2,539,577
Other Revenue $-1,125,672
TOTAL REVENUE $43,478,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,831,122
Fundraising Expenses $0
Other Expenses $1,597,067
TOTAL EXPENSES $40,966,768

Year-over-Year Comparison

2024 2023 Change
Revenue $43,478,351 $42,977,562 +0.0%
Expenses $40,966,768 $40,145,915 +0.0%
Net Income $2,511,583 $2,831,647 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
65
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
0
$0
Total Directors
7
$1,421,415
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUBEN TORRES TRUSTEE 0.50
Director
$0 $12,442 $194,036
JEANETTE TAVERAS TRUSTEE 0.50
Director
$0 $39,083 $232,799
GREGORY FLOYD TRUSTEE 0.50
Director
$0 $18,059 $198,378
DONALD ARNOLD TRUSTEE 0.50
Director
$0 $17,464 $272,065
DEBBIE A COLEMAN TRUSTEE 0.50
Director
$0 $0 $69,875
CURTIS SCOTT TRUSTEE 0.50
Director
$0 $51,539 $233,237
DEREK JACKSON TRUSTEE 0.50
Director
$0 $20,737 $221,025
MITCHELL GOLDBERG DIRECTOR 17.00
Highest
$111,764 $62,574 $174,338
SHELDON PROCTOR DEPUTY DIRECTOR 36.00
Highest
$171,038 $58,220 $229,258
MARY SHERIDAN CHIEF ATTORNEY 40.00
Highest
$215,720 $124,432 $340,152
SARA WAGNER ASST DIRECTOR LEGAL 40.00
Highest
$156,597 $66,872 $223,469
DIANA NAPPI DIRECTOR 40.00
Highest
$124,974 $34,366 $159,340
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
2024 $43,478,351 $40,966,768 $86,371,565 $2,511,583
2023 $42,977,562 $40,145,915 $80,961,865 $2,831,647
2022 $43,097,054 $38,208,325 $73,608,924 $4,888,729
2021 $51,042,381 $39,378,899 $76,162,541 $11,663,482
2020 $40,525,597 $40,263,993 $64,625,224 $261,604
2019 $47,332,817 $39,216,269 $60,808,752 $8,116,548
2018 $48,055,038 $43,561,096 $49,584,190 $4,493,942
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