TEAMSTERS LOCAL UNION 491 HEALTH & WELFARE FUND

EIN: 251011380

UNIONTOWN, PA

Total Revenue
$8,398,206
Total Expenses
$7,428,043
Total Assets
$36,508,760
Net Assets
$36,497,363
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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
1960
Legal Domicile
PA
Principal Officer
VITO DRAGONE JR
Phone
7244380512
Tax Period
2023-09-01 to 2024-08-31

TEAMSTERS LOCAL UNION 491 HEALTH & WELFARE FUND, founded in 1960, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2023. Expenses of $7.4M left a modest 12% surplus.

Mission

TO PAY HEALTH AND WELFARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,512,404
Investment Income $862,017
Other Revenue $23,785
TOTAL REVENUE $8,398,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,991
Fundraising Expenses $0
Other Expenses $327,121
TOTAL EXPENSES $7,428,043

Year-over-Year Comparison

2023 2022 Change
Revenue $8,398,206 $7,905,270 +0.1%
Expenses $7,428,043 $5,602,188 +0.3%
Net Income $970,163 $2,303,082 -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
6
Independent Members
6
Employees
5
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
0
$0
Total Directors
4
$6,166
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VITO DRAGONE TRUSTEE 1.00
Director
$0 $0 $0
LARRY MAYROS TRUSTEE 1.00
Director
$4,800 $0 $4,800
FLOYD GLADMAN TRUSTEE 1.00
Director
$0 $0 $0
WALTER COSTELLO TRUSTEE 1.00
Director
$1,366 $0 $1,366
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 $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
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