TEAMSTERS LOCAL 72 WELFARE FUND (EIN 133137609) - 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

1982

Legal Domicile

Principal Officer

LOUIS A PICANI

Phone

9145929500

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL 72 WELFARE FUND, founded in 1982, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.

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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 $4,911,251

Investment Income $94,494

Other Revenue $0

TOTAL REVENUE $5,005,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,613

Fundraising Expenses $0

Other Expenses $467,724

TOTAL EXPENSES $4,917,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,005,745	$5,305,859	-0.1%
Expenses	$4,917,479	$4,442,033	+0.1%
Net Income	$88,266	$863,826	-0.9%

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

N/A

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

$1,269,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS A PICANI	UNION TRUSTEE	0.50	Director	$0	$85,406	$397,320
JOSEPH SANSONE	UNION TRUSTEE	0.50	Director	$0	$79,740	$323,044
DOMINICK CASSANELLI JR	UNION TRUSTEE	0.50	Director	$0	$74,566	$294,330
ROGER TARANTO	UNION TRUSTEE	0.50	Director	$0	$66,391	$254,352

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	No data	No data	No data	No data
2023	$5,005,745	$4,917,479	$6,417,013	$88,266
2022	$5,305,859	$4,442,033	$6,210,175	$863,826
2021	$5,175,762	$4,300,237	$5,361,569	$875,525
2020	$5,609,243	$5,326,931	$4,380,715	$282,312
2019	$5,393,638	$5,136,448	$4,144,721	$257,190
2018	$5,282,357	$4,650,993	$3,863,585	$631,364

TEAMSTERS LOCAL 72 WELFARE FUND