TEAMSTERS LOCAL 830 WELFARE PLAN

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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

1953

Legal Domicile

Principal Officer

DANIEL GRACE

Phone

2159691012

Tax Period

2024-09-01 to 2025-08-31

TEAMSTERS LOCAL 830 WELFARE PLAN, founded in 1953, is a mid-sized nonprofit that reported $38.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE PARTICIPANTS WITH ACCESS TO MEDICAL DOCTORS VISITS AND MAJOR MEDICAL, HOSPITALIZATION, PRESCRIPTION DRUG, VISION AND OTHER DIAGNOSTIC BENEFITS.

Program Service Accomplishments

Program 1

TO PROVIDE PARTICIPANTS WITH ACCESS TO MEDICAL DOCTORS VISITS AND MAJOR MEDICAL, HOSPITALIZATION, PRESCRIPTION DRUG, VISION AND OTHER DIAGNOSTIC BENEFITS.

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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 $36,910,495

Investment Income $1,043,464

Other Revenue $0

TOTAL REVENUE $37,953,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,665

Fundraising Expenses $0

Other Expenses $583,321

TOTAL EXPENSES $40,644,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,953,959	$37,712,891	+0.0%
Expenses	$40,644,913	$36,855,518	+0.1%
Net Income	$-2,690,954	$857,373	-4.1%

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

$629,513

Key Employees

$302,437

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL GRACE	UNION TRUSTEE	5.00	Director	$0	$73,155	$225,155
CHARLES T WHITE	UNION TRUSTEE	5.00	Director	$0	$67,140	$205,640
JOHN O'ROURKE	EMPLOYER TRUSTEE	5.00	Director	$0	$66,158	$198,718
MATTHEW FUNCHION	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
NICHOLAS FUNCHION	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
DOMINIC ORIGLIO	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
SAMUEL J KENISH	ADMINISTRATOR	18.00	Key Emp	$129,271	$33,123	$302,437
JENNIFER SCHMELTZER	FUND EMPLOYEE	18.00	Highest	$50,436	$33,123	$138,198

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	$37,953,959	$40,644,913	$44,723,175	$-2,690,954
2024	$37,712,891	$36,855,518	$45,960,279	$857,373
2023	$35,360,417	$34,757,073	$44,242,697	$603,344
2022	$34,779,019	$33,546,280	$43,729,329	$1,232,739
2021	$36,030,617	$31,971,319	$44,092,467	$4,059,298
2020	$37,427,973	$32,434,399	$39,799,332	$4,993,574
2019	$37,751,537	$31,383,158	$34,927,615	$6,368,379
2018	$33,426,996	$28,417,640	$27,727,420	$5,009,356