TEAMSTERS JT CO NO 53 RETIREE HEAL… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

PROVIDE MEDICAL, HOSPITAL, SURGICAL, PRESCRIPTION, DENTAL, AND VISION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR SPOUSES.

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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 $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

Governance

Voting Members

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

Total Directors

$2,023,624

Key Employees

Highest Compensated

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

TEAMSTERS JT CO NO 53 RETIREE HEALTH & WELFARE FUND