TEAMSTERS LEGAL DEFENSE TRUST

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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

2008

Legal Domicile

Principal Officer

CHUCK WHOBREY

Phone

2026246800

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LEGAL DEFENSE TRUST, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $673K in total revenue in fiscal year 2023. The organization ran a surplus of $340K, a strong 51% operating margin.

Mission

THE PROVISION OF LEGAL DEFENSE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS

Program Service Accomplishments

Program 1

TO PROVIDE LEGAL DEFENSE INSURANCE COVERAGE AND OTHER, SIMILAR BENEFITS TO PARTICIPANTS AND TO PROVIDE ANY OTHER BENEFIT TO PARTICIPANTS AND THEIR BENEFICIARIES WHICH MAY NOW OR HEREAFTER BE PROVIDED BY A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER THE PROVISIONS OF CODE SECTION 501(C)(9) OR ANY SUCCESSOR STATUTE.

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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 $575,178

Investment Income $98,047

Other Revenue $0

TOTAL REVENUE $673,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $255,135

TOTAL EXPENSES $332,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$673,225	$658,064	+0.0%
Expenses	$332,743	$333,675	0.0%
Net Income	$340,482	$324,389	+0.0%

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

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

$477,976

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG FLOYD	TRUSTEE	2.00	Director	$0	$31,617	$135,424
CHUCK WHOBREY	TRUSTEE	2.00	Director	$0	$27,378	$103,692
FRANK HUGHES	TRUSTEE	2.00	Director	$0	$42,799	$238,860

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	$673,225	$332,743	$3,036,673	$340,482
2022	$658,064	$333,675	$2,530,046	$324,389
2021	$643,524	$354,618	$2,524,941	$288,906
2020	$482,246	$397,472	$2,238,453	$84,774
2019	$448,190	$309,921	$2,056,460	$138,269
2018	$441,577	$300,377	$1,795,279	$141,200