TEAMSTERS UNION LOCAL 331 HEALTH & WELFARE TRUST FUND (EIN 236737795) - 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

1983

Legal Domicile

Principal Officer

MARCUS KING

Phone

6094850837

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS UNION LOCAL 331 HEALTH & WELFARE TRUST FUND, founded in 1983, is a small nonprofit that reported $129K in total revenue in fiscal year 2023. Expenses of $186K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE BENEFITS TO UNION MEMBERS. THESE BENEFITS INCLUDE HEALTH & WELFARE BENEFITS, SCHOLARSHIPS, TRAINING & LEGAL SERVICES

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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 $86,780

Investment Income $31,009

Other Revenue $11,562

TOTAL REVENUE $129,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,602

Fundraising Expenses $0

Other Expenses $65,599

TOTAL EXPENSES $185,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,351	$127,410	+0.0%
Expenses	$185,653	$136,967	+0.4%
Net Income	$-56,302	$-9,557	+4.9%

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

$357,179

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS KING	TRUSTEE	2.00	Director	$0	$86,420	$205,182
ABIMAEL ORTIZ	TRUSTEE	2.00	Director	$0	$74,005	$151,997
THOMAS RITTER	TRUSTEE	2.00	Director	$0	$0	$0
LUIS FONSECA	TRUSTEE	2.00	Director	$0	$0	$0
RENEE TURNER-INMAN	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$129,351	$185,653	$900,255	$-56,302
2022	$127,410	$136,967	$804,007	$-9,557
2021	$121,218	$155,900	$928,999	$-34,682
2020	$93,046	$176,880	$891,520	$-83,834
2018	$99,011	$202,575	$878,521	$-103,564

TEAMSTERS UNION LOCAL 331 HEALTH & WELFARE TRUST FUND