EMPLOYER TEAMSTERS LOCAL 205 WELFARE FUND (EIN 251417264) - 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

1982

Legal Domicile

Principal Officer

CARL A BAILEY

Phone

4127517988

Tax Period

2024-05-01 to 2025-04-30

EMPLOYER TEAMSTERS LOCAL 205 WELFARE FUND, founded in 1982, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Expenses of $4.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HEALTH, DENTAL, VISION, TEMPORARY DISABILITY, AND LEGAL BENEFITS TO MEMBERS.

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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 $3,709,018

Investment Income $35,313

Other Revenue $37,744

TOTAL REVENUE $3,782,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $404,582

TOTAL EXPENSES $4,399,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,782,075	$3,900,633	0.0%
Expenses	$4,399,409	$4,619,788	0.0%
Net Income	$-617,334	$-719,155	-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

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

$358,637

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL A BAILEY	CHAIRMAN TRUSTEE	1.00	Director	$0	$60,568	$190,732
EDWARD BOEHM	TRUSTEE	1.00	Director	$0	$63,750	$167,905
MICHAEL CHEREPKO	TRUSTEE (P)	1.00	Director	$0	$0	$0
ANTHONY COLLECHI	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SCHNEIDER	TRUSTEE (P)	1.00	Director	$0	$0	$0
JOSEPH VARHOLA	TRUSTEE	1.00	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
2025	$3,782,075	$4,399,409	$874,335	$-617,334
2024	$3,900,633	$4,619,788	$1,508,124	$-719,155
2023	$4,195,794	$4,335,638	$2,224,765	$-139,844
2022	$4,427,488	$4,971,647	$2,347,611	$-544,159
2021	$4,648,529	$4,907,201	$2,937,661	$-258,672
2020	$4,672,741	$3,993,244	$2,440,236	$679,497
2019	$4,996,537	$4,713,823	$2,042,666	$282,714
2018	$6,531,260	$6,697,988	$1,829,623	$-166,728

EMPLOYER TEAMSTERS LOCAL 205 WELFARE FUND