TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723 (EIN 221736275) - 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

VANDA NENO

Phone

9086880723

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723, founded in 1961, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 48% operating margin.

Mission

PROVIDE HEALTH & LEGAL BENEFITS TO PLAN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,581,410

Investment Income $1,566,265

Other Revenue $841,126

TOTAL REVENUE $8,988,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,933

Fundraising Expenses $0

Other Expenses $447,004

TOTAL EXPENSES $4,688,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,988,801	$4,462,596	+1.0%
Expenses	$4,688,868	$5,017,392	-0.1%
Net Income	$4,299,933	$-554,796	-8.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KILKENNY	TRUSTEE	5.00	Director	$0	$0	$0
BRUCE BIER	TRUSTEE	5.00	Director	$0	$0	$0
ROBIN MODZELEWSKI	FUND ADMINIS	N/A		$134,553	$0	$134,553

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	$8,988,801	$4,688,868	$36,658,132	$4,299,933
2022	$4,462,596	$5,017,392	$29,342,985	$-554,796
2021	$6,802,715	$4,819,384	$33,664,497	$1,983,331
2020	$6,780,127	$6,491,905	$30,195,790	$288,222
2019	$7,668,287	$6,034,912	$27,785,869	$1,633,375
2018	$7,465,054	$5,711,428	$24,324,686	$1,753,626

TEAMSTERS WELFARE FUND OF NORTHERN NEW JERSEY LOCAL 723