TEAMSTERS 261 AND EMPLOYERS WELFAR… - 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

1950

Legal Domicile

Principal Officer

MICHAEL LECKWART

Phone

7246524667

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS 261 AND EMPLOYERS WELFARE FUND, founded in 1950, is a mid-sized nonprofit in the Mutual Benefit sector that reported $38.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL AND OTHER HEALTH RELATED BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL AND OTHER HEALTH RELATED BENEFITS TO ELIGIBLE EMPLOYEES AND RETIREES OF EMPLOYERS WHO ARE PART OF A COLLECTIVE BARGAINING AGREEMENT WITH TEAMSTERS LOCAL UNION #261, AFFILIATED WITH...

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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 $36,119,211

Investment Income $-9,857

Other Revenue $2,495,877

TOTAL REVENUE $38,605,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,917

Fundraising Expenses $0

Other Expenses $2,832,476

TOTAL EXPENSES $39,868,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,605,231	$36,854,806	+0.0%
Expenses	$39,868,091	$38,027,017	+0.0%
Net Income	$-1,262,860	$-1,172,211	+0.1%

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

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

$227,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ALTERS	TRUSTEE	40.00	Director	$0	$76,380	$76,380
MICHAEL LECKWART	TRUSTEE	40.00	Director	$0	$77,212	$77,212
GEORGE WHIPPO	TRUSTEE	40.00	Director	$0	$73,642	$73,642
BRYAN DEHART	TRUSTEE	0.00	Director	$0	$0	$0
WILL STRIMBU	TRUSTEE	0.00	Director	$0	$0	$0
WILL THOMAS	TRUSTEE	0.00	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	$38,605,231	$39,868,091	$19,165,078	$-1,262,860
2022	$36,854,806	$38,027,017	$20,409,417	$-1,172,211
2021	$35,901,819	$36,378,691	$25,509,543	$-476,872
2020	$33,507,901	$31,838,424	$24,587,192	$1,669,477
2019	$30,174,518	$28,026,623	$20,731,175	$2,147,895
2018	$27,213,213	$27,288,679	$16,306,405	$-75,466

TEAMSTERS 261 AND EMPLOYERS WELFARE FUND