TEAMSTERS LOCAL UNION 676 EMPLOYERS VACATION FUND (EIN 222897974) - 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

1988

Legal Domicile

Principal Officer

HOWARD WELLS

Phone

8563822430

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS LOCAL UNION 676 EMPLOYERS VACATION FUND, founded in 1988, is a small nonprofit in the Employment sector that reported $550K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $516K left a modest 6% surplus.

Mission

PROVIDE PAYMENTS OF VACATION BENEFITS TO PARTICIPANTS AND THEIR 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 $545,169

Investment Income $4,670

Other Revenue $0

TOTAL REVENUE $549,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,500

TOTAL EXPENSES $515,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,839	$470,662	+0.2%
Expenses	$515,552	$472,240	+0.1%
Net Income	$34,287	$-1,578	-22.7%

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

N/A

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
HOWARD WELLS	TRUSTEE	10.00	Director	$0	$0	$0
JAMES BENNETT	TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH D ARTALE	TRUSTEE	10.00	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	$549,839	$515,552	$120,621	$34,287
2023	$470,662	$472,240	$86,334	$-1,578
2022	$440,831	$428,083	$87,912	$12,748
2021	$428,913	$420,902	$75,164	$8,011
2020	$416,235	$436,324	$67,153	$-20,089
2019	$391,333	$378,589	$87,242	$12,744
2018	$391,687	$407,479	$99,759	$-15,792

TEAMSTERS LOCAL UNION 676 EMPLOYERS VACATION FUND