TEAMSTERS INDUSTRIAL EMPLOYEES WELFARE FUND (EIN 226058341) - 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

1948

Legal Domicile

Principal Officer

ROBERT BLUMENFELD

Phone

2018673553

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS INDUSTRIAL EMPLOYEES WELFARE FUND, founded in 1948, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE 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 $19,214,438

Investment Income $1,410,015

Other Revenue $926,293

TOTAL REVENUE $21,550,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,404

Fundraising Expenses $0

Other Expenses $1,078,819

TOTAL EXPENSES $21,739,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,550,746	$20,075,645	+0.1%
Expenses	$21,739,521	$18,093,025	+0.2%
Net Income	$-188,775	$1,982,620	-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

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

$2,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN H STIER	UNION TRUSTEE	1.00	Director	$2,767	$0	$2,767
JOSEPH DIPALMA	UNION TRUSTEE	2.00	Director	$0	$0	$0
CHARLES T CONNORS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS JAYME	UNION TRUSTEE (ALTERNATE)	1.00	Director	$0	$0	$0
LOUIS RODRIGUEZ	UNION TRUSTEE	1.00	Director	$0	$0	$0
RICHARD GOLDBERG	EMPLOYER TRUSTEE (FORMER)	1.00	Director	$0	$0	$0
JAMES COONEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BLUMENFELD	FUND ADMINISTRATOR	11.00	Officer	$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	No data	No data	No data	No data
2023	$21,550,746	$21,739,521	$46,072,746	$-188,775
2022	$20,075,645	$18,093,025	$44,542,546	$1,982,620
2021	$22,098,509	$16,329,502	$46,634,492	$5,769,007
2020	$22,040,122	$16,814,391	$42,097,776	$5,225,731
2019	$23,182,671	$16,998,438	$36,082,607	$6,184,233
2018	$22,057,887	$18,283,099	$28,196,470	$3,774,788

TEAMSTERS INDUSTRIAL EMPLOYEES WELFARE FUND