LOCAL 237 TEAMSTERS TOWN OF BABYLON HEALTH & WELFARE TRUST FUND (EIN 237353525) - 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

1972

Legal Domicile

Principal Officer

BEN CARENZA

Phone

2129242000

Tax Period

2024-01-01 to 2024-12-31

LOCAL 237 TEAMSTERS TOWN OF BABYLON HEALTH & WELFARE TRUST FUND, founded in 1972, is a small nonprofit that reported $376K in total revenue in fiscal year 2024. Net assets of $1.3M represent 40 months of operating reserves.

Mission

THE PLAN PROVIDES SHORT-TERM DISABILITY, DENTAL, DRUG, OPTICAL, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND CERTAIN OTHER BENEFITS FOR ELIGIBLE PARTICIPANTS.

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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 $375,490

Investment Income $124

Other Revenue $0

TOTAL REVENUE $375,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $124,762

TOTAL EXPENSES $373,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,614	$375,816	0.0%
Expenses	$373,495	$353,943	+0.1%
Net Income	$2,119	$21,873	-0.9%

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

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

$332,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN CARENZA	UNION TRUSTEE	1.00	Director	$0	$13,185	$223,632
SCOTT DIMPERIO	UNION TRUSTEE	1.00	Director	$0	$0	$54,598
ANDREW VIEGAS	UNION TRUSTEE	1.00	Director	$0	$0	$54,598
RONALD KLUESNER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
VINCENT PICCOLI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
THOMAS STAY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH WILSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KISSANE	CONTROLLER	1.00	Highest	$0	$17,467	$256,292
MITCH GOLDBERG	DIRECTOR	1.00	Highest	$0	$61,890	$173,654

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	$375,614	$373,495	$1,331,547	$2,119
2023	$375,816	$353,943	$1,275,912	$21,873
2022	$370,570	$272,321	$1,199,390	$98,249
2021	$373,355	$251,996	$1,103,199	$121,359
2020	$352,278	$196,816	$976,319	$155,462
2019	$348,082	$266,956	$827,041	$81,126
2018	$318,315	$230,030	$731,457	$88,285

LOCAL 237 TEAMSTERS TOWN OF BABYLON HEALTH & WELFARE TRUST FUND