TEAMSTERS LOCAL NO 35 HEALTH PLANS (EIN 221804923) - 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

1966

Legal Domicile

Principal Officer

PHYLLIS LUCIDI

Phone

6095853600

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS LOCAL NO 35 HEALTH PLANS, founded in 1966, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 49% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO 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 $8,186,874

Investment Income $6,929,814

Other Revenue $24,102

TOTAL REVENUE $15,140,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,173

Fundraising Expenses $0

Other Expenses $462,511

TOTAL EXPENSES $7,783,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,140,790	$7,974,309	+0.9%
Expenses	$7,783,951	$6,792,848	+0.1%
Net Income	$7,356,839	$1,181,461	+5.2%

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

$182,302

Total Directors

$208,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER GROVER Jr	TRUSTEE	1.00	Director	$0	$75,211	$208,770
BRIAN KILDEA	TRUSTEE	1.00	Director	$0	$0	$0
DINO COLAROCCO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CORRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
PHILOMENA LUCIDI	ADMINISTRATOR	40.00	Officer	$144,933	$37,369	$182,302

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	$15,140,790	$7,783,951	$31,249,545	$7,356,839
2023	$7,974,309	$6,792,848	$28,326,370	$1,181,461
2022	$9,187,409	$7,128,539	$25,681,200	$2,058,870
2021	$8,235,727	$6,621,964	$27,597,353	$1,613,763
2020	$8,498,698	$6,150,755	$24,441,895	$2,347,943
2019	$8,714,481	$6,762,872	$21,160,358	$1,951,609
2018	$7,585,032	$7,088,463	$17,919,846	$496,569

TEAMSTERS LOCAL NO 35 HEALTH PLANS