HEALTH AND WELFARE FUND OF TEAMSTERS LOCAL 473

EIN: 237364065

VALLEY VIEW, OH

Total Revenue
$1,148,734
Total Expenses
$1,424,623
Total Assets
$956,445
Net Assets
$938,693
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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
OH
Phone
4402340473
Tax Period
2024-01-01 to 2024-12-31

HEALTH AND WELFARE FUND OF TEAMSTERS LOCAL 473, founded in 1972, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS

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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 $1,086,627
Investment Income $44,236
Other Revenue $17,871
TOTAL REVENUE $1,148,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,192
Fundraising Expenses $0
Other Expenses $117,051
TOTAL EXPENSES $1,424,623

Year-over-Year Comparison

2024 2023 Change
Revenue $1,148,734 $1,350,689 -0.1%
Expenses $1,424,623 $1,520,864 -0.1%
Net Income $-275,889 $-170,175 +0.6%
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
4
Independent Members
4
Employees
2
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK GRACE CHAIRMAN / TRUSTEE 4
Officer Director
$0 $0 $0
PAUL CAVANAGH TRUSTEE 2
Officer Director
$0 $0 $0
MARK ZACKERY TRUSTEE 2
Director
$0 $0 $0
CHERRI BRADY TRUSTEE 2
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 $1,148,734 $1,424,623 $956,445 $-275,889
2023 $1,350,689 $1,520,864 $1,242,915 $-170,175
2022 $1,348,382 $1,651,919 $1,400,461 $-303,537
2021 $1,506,948 $1,694,635 $1,726,302 $-187,687
2020 $1,663,748 $1,954,497 $1,905,000 $-290,749
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