TEAMSTERS JT CO NO 53 RETIREE HEALTH & WELFARE FUND

EIN: 232530237

PENNSAUKEN, NJ

Total Revenue
$2,443,047
Total Expenses
$2,657,441
Total Assets
$7,733,268
Net Assets
$7,667,717
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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
NJ
Principal Officer
WILLIAM HAMILTON
Phone
8666142105
Tax Period
2024-07-01 to 2025-06-30

TEAMSTERS JT CO NO 53 RETIREE HEALTH & WELFARE FUND, founded in 1988, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Net assets of $7.7M represent 38 months of operating reserves.

Mission

THE PLAN PROVIDES MEDICAL, HOSPITAL, SURGICAL, PRESCRIPTION, DENTAL, AND VISION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR SPOUSES. ELIGIBLE PARTICIPANTS MUST BE RECEIVING A PENSION FROM TEAMSTERS JOINT COUNCIL NO. 53 RETIREMENT TRUST AND HAVE REACHED AGE 55 WITH 10 YEARS OF SERVICE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,171,043
Investment Income $272,004
Other Revenue $0
TOTAL REVENUE $2,443,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $129,603
TOTAL EXPENSES $2,657,441

Year-over-Year Comparison

2024 2023 Change
Revenue $2,443,047 $2,335,961 +0.0%
Expenses $2,657,441 $2,334,204 +0.1%
Net Income $-214,394 $1,757 -123.0%
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

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Governance

Voting Members
8
Independent Members
N/A
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
0
$0
Total Directors
9
$2,023,624
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BRYAN JR TRUSTEE 2.00
Director
$0 $109,515 $300,397
MICHAEL BONADUCE TRUSTEE 2.00
Director
$0 $66,688 $280,403
HOWARD W WELLS TRUSTEE/TREASURER 2.00
Director
$0 $76,416 $280,047
DANIEL GRACE TRUSTEE 2.00
Director
$0 $76,350 $241,550
JOSEPH SMITH TRUSTEE 2.00
Director
$0 $95,698 $234,677
ED THOMPSON TRUSTEE 2.00
Director
$0 $67,953 $198,790
DENNIS HOWER TRUSTEE 2.00
Director
$0 $52,045 $197,533
WILLIAM HAMILTON TRUSTEE/CHAIRMAN 2.00
Director
$0 $77,002 $183,780
JOCK ROWE TRUSTEE (P) 2.00
Director
$0 $0 $106,447
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 $2,443,047 $2,657,441 $7,733,268 $-214,394
2024 $2,335,961 $2,334,204 $7,483,510 $1,757
2023 $1,760,867 $2,082,139 $6,990,270 $-321,272
2022 $2,014,623 $1,918,814 $6,496,452 $95,809
2021 $1,966,800 $2,096,304 $7,425,090 $-129,504
2020 $1,920,061 $2,046,088 $6,426,494 $-126,027
2019 $1,866,278 $1,871,491 $6,442,140 $-5,213
2018 $1,806,244 $1,976,750 $6,345,213 $-170,506
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