NE Teamsters Bakery and Sales Driver Severence (EIN 222930352) - 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

Jeff Padellaro

Phone

6036259731

Tax Period

2024-01-01 to 2024-12-31

NE Teamsters Bakery and Sales Driver Severence, founded in 1988, is a small nonprofit in the Mutual Benefit sector that reported $110K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 135 months of operating reserves.

Mission

A funded voluntary employees' beneficiary association (VEBA) that provide severance benefits to it's 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 $0

Investment Income $81,729

Other Revenue $28,061

TOTAL REVENUE $109,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,828

Other Expenses $12,291

TOTAL EXPENSES $118,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,790	$89,524	+0.2%
Expenses	$118,119	$100,518	+0.2%
Net Income	$-8,329	$-10,994	-0.2%

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

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
Jeff Padellaro Trustee	Trustee	2.0	Director	$0	$0	$0
Andrew Joppa Trustee	Trustee	2.0	Director	$0	$0	$0
Salvatore Abate Trustee	trustee	2.0	Director	$0	$0	$0
Dennis McGuire Trustee	trustee	2.0	Director	$0	$0	$0
Frank O'Hanlon Trustee	Trustee	2.0	Director	$0	$0	$0
George Belanger Trustee	Trustee	2.0	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	$109,790	$118,119	$1,236,844	$-8,329

NE Teamsters Bakery and Sales Driver Severence