TEAMSTERS LOCAL 294 ALBANY AREA TRUCKING ALLIED INDUSTRIES HEALTH AND WELFARE FUN (EIN 141582160) - 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

1962

Legal Domicile

Principal Officer

THOMAS QUACKENBUSH

Phone

5184379837

Tax Period

2024-06-01 to 2025-05-31

TEAMSTERS LOCAL 294 ALBANY AREA TRUCKING ALLIED INDUSTRIES HEALTH AND WELFARE FUN, founded in 1962, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH INSURANCE TO ITS MEMBERS.

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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 $14,312,576

Investment Income $648,008

Other Revenue $0

TOTAL REVENUE $14,960,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,694

Fundraising Expenses $0

Other Expenses $276,884

TOTAL EXPENSES $15,469,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,960,584	$13,427,481	+0.1%
Expenses	$15,469,392	$13,550,373	+0.1%
Net Income	$-508,808	$-122,892	+3.1%

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

$133,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS QUACKENBUSH	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHARLES GREENFIELD	UNION TRUSTEE	1.00	Director	$0	$0	$0
LAURA REGAN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
STEVE CAREY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DIANE SCHWAGER	FUND ADMINISTRATOR	40.00	Officer	$92,888	$40,807	$133,695

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	$14,960,584	$15,469,392	$21,689,956	$-508,808

TEAMSTERS LOCAL 294 ALBANY AREA TRUCKING ALLIED INDUSTRIES HEALTH AND WELFARE FUN