NORTHERN NEW JERSEY TEAMSTERS BENEFIT PLAN (EIN 226082349) - 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

1968

Legal Domicile

Principal Officer

MICHAEL CURCIO

Phone

9734234565

Tax Period

2024-04-01 to 2025-03-31

NORTHERN NEW JERSEY TEAMSTERS BENEFIT PLAN, founded in 1968, is a mid-sized nonprofit in the Mutual Benefit sector that reported $35.3M in total revenue in fiscal year 2024.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,261,765

Investment Income $828,116

Other Revenue $166,026

TOTAL REVENUE $35,255,907

Expense Breakdown

Grants Paid $132,162

Salaries & Benefits $1,668,517

Fundraising Expenses $0

Other Expenses $2,833,239

TOTAL EXPENSES $34,877,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,255,907	$34,441,481	+0.0%
Expenses	$34,877,052	$33,012,523	+0.1%
Net Income	$378,855	$1,428,958	-0.7%

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

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

$1,182,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALVATRICE VERILLO	FUND MANAGER	34.00	Director	$143,563	$64,111	$209,124
MICHAEL CURCIO	TRUSTEE	1.00	Director	$0	$82,917	$225,058
MARYANN TITTLE	TRUSTEE	1.00	Director	$0	$96,834	$216,437
ANITA CLARK	TRUSTEE	1.00	Director	$0	$87,157	$181,412
BENITO HERNANDEZ	TRUSTEE	1.00	Director	$0	$90,982	$194,014
WALTER TAYLOR	TRUSTEE	1.00	Director	$0	$51,179	$156,894
DAN BELMONTE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LAMANTIA	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK FLATCH	TRUSTEE	1.00	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
2025	$35,255,907	$34,877,052	$56,069,432	$378,855
2024	$34,441,481	$33,012,523	$53,166,959	$1,428,958
2023	$31,797,428	$31,761,379	$46,397,600	$36,049
2022	$32,475,603	$33,674,738	$49,256,136	$-1,199,135
2021	$32,913,228	$32,259,917	$49,829,357	$653,311
2020	$32,303,467	$37,194,834	$44,263,672	$-4,891,367
2019	$30,759,499	$32,353,041	$48,907,196	$-1,593,542
2018	$30,855,772	$34,694,399	$50,467,077	$-3,838,627

NORTHERN NEW JERSEY TEAMSTERS BENEFIT PLAN