TEAMSTERS LOCAL UNION 491 HEALTH &… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

VITO DRAGONE JR

Phone

7244380512

Tax Period

2024-09-01 to 2025-08-31

TEAMSTERS LOCAL UNION 491 HEALTH & WELFARE FUND, founded in 1960, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 18% operating margin.

Mission

TO PAY HEALTH AND WELFARE BENEFITS

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITALIZATION, LIFE AND AD&D BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,419,124

Investment Income $1,209,712

Other Revenue $23,785

TOTAL REVENUE $8,652,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,170

Fundraising Expenses $0

Other Expenses $313,576

TOTAL EXPENSES $7,080,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,652,621	$8,398,206	+0.0%
Expenses	$7,080,652	$7,428,043	0.0%
Net Income	$1,571,969	$970,163	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$6,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VITO DRAGONE	TRUSTEE	1.00	Director	$0	$0	$0
FRANK UGLIK	TRUSTEE	1.00	Director	$1,200	$0	$1,200
FLOYD GLADMAN	TRUSTEE	1.00	Director	$0	$0	$0
WALTER COSTELLO	TRUSTEE	1.00	Director	$1,426	$0	$1,426
LARRY MAYROS	TRUSTEE	1.00	Director	$3,600	$0	$3,600

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	$8,652,621	$7,080,652	$39,080,894	$1,571,969
2024	$8,398,206	$7,428,043	$36,508,760	$970,163
2023	$7,905,270	$5,602,188	$32,402,204	$2,303,082
2022	$7,759,714	$5,555,705	$30,083,367	$2,204,009
2021	$7,956,110	$5,521,069	$32,032,033	$2,435,041
2020	$7,868,086	$5,851,231	$27,109,108	$2,016,855

TEAMSTERS LOCAL UNION 491 HEALTH & WELFARE FUND