INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 237 RETIREES BENEFIT FUND (EIN 136701607) - 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

1975

Legal Domicile

Principal Officer

GREGORY FLOYD

Phone

2129242000

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 237 RETIREES BENEFIT FUND, founded in 1975, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $35.5M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE VARIOUS WELFARE BENEFITS TO ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,465,303

Investment Income $3,932,528

Other Revenue $2,675

TOTAL REVENUE $24,400,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,629,103

Fundraising Expenses $0

Other Expenses $1,482,300

TOTAL EXPENSES $35,548,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,400,506	$20,187,746	+0.2%
Expenses	$35,548,790	$28,300,673	+0.3%
Net Income	$-11,148,284	$-8,112,927	+0.4%

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

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

$1,140,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY FLOYD	TRUSTEE	0.50	Director	$0	$18,059	$198,378
RUBEN TORRES	TRUSTEE	0.50	Director	$0	$12,442	$194,036
DEREK JACKSON	TRUSTEE	0.50	Director	$0	$20,737	$220,965
JEANETTE TAVARES	TRUSTEE	0.50	Director	$0	$39,083	$232,799
DWAYNE MONTGOMERY	TRUSTEE	0.50	Director	$0	$21,777	$21,777
DONALD ARNOLD	TRUSTEE	0.50	Director	$0	$17,464	$272,065
JULIE KOBI	CO-DIRECTOR	29.00	Highest	$168,236	$44,184	$212,420

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	$24,400,506	$35,548,790	$61,809,252	$-11,148,284
2023	$20,187,746	$28,300,673	$66,913,838	$-8,112,927
2022	$29,819,103	$24,472,787	$68,304,779	$5,346,316
2021	$30,583,800	$23,140,561	$76,563,688	$7,443,239
2020	$23,279,269	$21,619,570	$65,525,462	$1,659,699
2019	$27,032,384	$22,407,552	$57,928,854	$4,624,832
2018	$26,405,214	$24,291,592	$48,110,288	$2,113,622

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 237 RETIREES BENEFIT FUND