TEAMSTERS LOCAL 445 CONSTRUCTION DIV HEALTH & WELFARE FUND (EIN 146022213) - 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

1961

Legal Domicile

Principal Officer

DANIEL MALDONADO

Phone

8455644076

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL 445 CONSTRUCTION DIV HEALTH & WELFARE FUND, founded in 1961, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Expenses of $7.0M exceeded revenue, resulting in a 30% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS.

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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 $4,740,536

Investment Income $178,625

Other Revenue $465,457

TOTAL REVENUE $5,384,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,060

Fundraising Expenses $0

Other Expenses $257,090

TOTAL EXPENSES $7,023,875

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,384,618	$5,054,352	+0.1%
Expenses	$7,023,875	$5,799,410	+0.2%
Net Income	$-1,639,257	$-745,058	+1.2%

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

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

$294,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET FALANGA	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS B CLEMENETE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DANIEL MALDONADO	UNION TRUSTEE	2.00	Director	$0	$39,530	$153,237
LORI E POLESEL	UNION TRUSTEE	2.00	Director	$0	$39,530	$140,958

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	$5,384,618	$7,023,875	$4,684,881	$-1,639,257
2022	$5,054,352	$5,799,410	$5,932,653	$-745,058
2021	$6,943,082	$7,223,828	$7,587,663	$-280,746
2020	$5,242,926	$7,881,716	$8,405,906	$-2,638,790
2019	$7,364,142	$8,457,728	$10,570,773	$-1,093,586
2018	$7,192,216	$7,525,081	$10,717,645	$-332,865

TEAMSTERS LOCAL 445 CONSTRUCTION DIV HEALTH & WELFARE FUND