TEAMSTERS LOCAL 469 WELFARE FUND (EIN 221552880) - 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

1955

Legal Domicile

Principal Officer

MICHAEL BRODERICK

Phone

7322649000

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS LOCAL 469 WELFARE FUND, founded in 1955, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2024. Expenses of $12.8M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS AND 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 $13,255,935

Investment Income $455,274

Other Revenue $4,405

TOTAL REVENUE $13,715,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,428

Fundraising Expenses $0

Other Expenses $697,570

TOTAL EXPENSES $12,819,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,715,614	$14,083,490	0.0%
Expenses	$12,819,732	$11,989,730	+0.1%
Net Income	$895,882	$2,093,760	-0.6%

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

$596,622

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BRODERICK	TRUSTEE	1.00	Director	$0	$78,050	$206,851
MICHAEL TKATCH	TRUSTEE	1.00	Director	$0	$76,716	$203,165
MARCELO AFONSO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA MONTORIO	TRUSTEE	1.00	Director	$0	$73,620	$186,606
RICK WORKMAN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL NEVILLE	TRUSTEE	1.00	Director	$0	$0	$0

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	$13,715,614	$12,819,732	$19,909,254	$895,882
2023	$14,083,490	$11,989,730	$19,073,434	$2,093,760
2022	$13,611,592	$14,275,610	$16,374,061	$-664,018
2021	$13,712,354	$13,629,278	$17,498,095	$83,076
2020	$13,446,930	$10,899,781	$17,480,576	$2,547,149
2019	$14,525,444	$14,002,108	$15,163,398	$523,336
2018	$14,376,987	$13,070,206	$13,986,796	$1,306,781

TEAMSTERS LOCAL 469 WELFARE FUND