MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 WELFARE FUND (EIN 221594458) - 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

1956

Legal Domicile

Principal Officer

RONALD LAKE

Phone

7322970194

Tax Period

2024-06-01 to 2025-05-31

MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 WELFARE FUND, founded in 1956, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR PARTICIPANTS

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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 $5,889,417

Investment Income $347,401

Other Revenue $82,123

TOTAL REVENUE $6,318,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,308

Fundraising Expenses $0

Other Expenses $418,443

TOTAL EXPENSES $6,337,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,318,941	$6,578,513	0.0%
Expenses	$6,337,949	$6,322,317	+0.0%
Net Income	$-19,008	$256,196	-1.1%

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

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

$313,518

Total Directors

$475,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST SOEHL	TRUSTEE	1.00	Director	$7,000	$0	$14,000
RONALD LAKE	TRUSTEE	1.00	Director	$0	$78,727	$225,053
GREGOREY RIGGLEMAN	TRUSTEE	1.00	Director	$0	$77,154	$215,551
LAMAR BEINHOWER	TRUSTEE	1.00	Director	$7,000	$0	$14,000
ROBERT WEISER	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY FISCHETTI	TRUSTEE	1.00	Director	$0	$1,350	$6,750
ROY KOHN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
GIANCARLO PREZIOSO	FUND MANAGER	40.00	Officer	$81,964	$51,767	$313,518

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	$6,318,941	$6,337,949	$10,315,515	$-19,008
2024	$6,578,513	$6,322,317	$9,826,063	$256,196
2023	$8,163,611	$8,378,232	$9,407,025	$-214,621
2022	$7,768,982	$8,171,526	$10,308,418	$-402,544
2021	$8,575,935	$8,036,766	$11,595,361	$539,169
2020	$7,814,226	$7,612,680	$9,593,498	$201,546
2019	$7,342,311	$7,204,883	$9,270,421	$137,428
2018	$6,446,592	$6,167,173	$9,502,583	$279,419

MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 WELFARE FUND