TEAMSTERS LOCAL UNION NO 115 HEALTH AND WELFARE FUND (EIN 231716164) - 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

1969

Legal Domicile

Principal Officer

SHANE REILLY

Phone

2153350100

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL UNION NO 115 HEALTH AND WELFARE FUND, founded in 1969, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 21% operating margin.

Mission

TEAMSTERS UNION LOCAL NO. 115 HEALTH AND WELFARE FUND IS A V.E.B.A. PLAN THAT PROVIDES HOSPITAL, SURGICAL, MEDICAL, PRESCRIPTION, DEATH AND SCHOLARSHIP BENEFITS TO MEMBERS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,774,249

Investment Income $1,203,063

Other Revenue $54,420

TOTAL REVENUE $15,031,732

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $494,051

Fundraising Expenses $0

Other Expenses $929,350

TOTAL EXPENSES $11,948,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,031,732	$13,748,737	+0.1%
Expenses	$11,948,562	$12,746,594	-0.1%
Net Income	$3,083,170	$1,002,143	+2.1%

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

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

$287,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ALLEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
LEO REILLY	UNION TRUSTEE	10.00	Director	$55,725	$51,571	$107,296
ROBERT SCHIMMEL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SHANE REILLY	UNION TRUSTEE/ADMINISTRATO	20.00	Director	$0	$63,273	$180,413

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	$15,031,732	$11,948,562	$50,851,319	$3,083,170
2022	$13,748,737	$12,746,594	$44,117,694	$1,002,143
2021	$14,158,356	$11,069,049	$48,457,980	$3,089,307
2020	$14,102,778	$10,722,989	$42,648,189	$3,379,789
2019	$14,604,922	$12,036,737	$36,576,378	$2,568,185
2018	$13,090,395	$10,682,936	$30,420,862	$2,407,459

TEAMSTERS LOCAL UNION NO 115 HEALTH AND WELFARE FUND