TEAMSTERS INSURANCE PREMIUM REIMBU… - 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

2009

Legal Domicile

Principal Officer

JAMES SMITH

Phone

8042823131

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS INSURANCE PREMIUM REIMBURSEMENT, founded in 2009, is a micro nonprofit in the Mutual Benefit sector that reported $72K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 17% operating margin.

Mission

TO ACCURATELY AND TIMELY PROVIDE HEALTH CARE PREMIUM REIMBURSEMENT BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND.

Program Service Accomplishments

Program 1

TO REIMBURSE PART OF THE COST OF HEALTH INSURANCE PREMIUMS PAID BY RETIRED PARTICIPANTS AND ELIGIBLE SPOUSES OF THE FUND. REIMBURSEMENT OF COBRA/HIPAA PREMIUMS, MARKETPLACE PREMIUMS CHARGED FOR AN...

TO REIMBURSE PART OF THE COST OF HEALTH INSURANCE PREMIUMS PAID BY RETIRED PARTICIPANTS AND ELIGIBLE SPOUSES OF THE FUND. REIMBURSEMENT OF COBRA/HIPAA PREMIUMS, MARKETPLACE PREMIUMS CHARGED FOR AN AFFORDABLE CARE ACT POLICY OR ANY OTHER INDIVIDUAL COMPREHENSIVE MEDICAL BENEFIT POLICY APPROVED BY THE FUND'S BOARD OF TRUSTEES IS THE SOLE PURPOSE OF THE FUND.

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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 $71,707

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $59,592

TOTAL EXPENSES $59,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,707	$62,475	+0.1%
Expenses	$59,592	$63,301	-0.1%
Net Income	$12,115	$-826	-15.7%

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

$372,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY BOWERS	TRUSTEE	0.10	Director	$0	$0	$0
W ROBERT DAVIDSON	TRUSTEE	0.10	Director	$0	$0	$0
WILLIAM A NATIONS	TRUSTEE	0.10	Director	$0	$0	$0
JOHN FARRISH	TRUSTEE	0.10	Director	$0	$0	$0
JAMES WRIGHT	TRUSTEE	0.10	Director	$0	$57,091	$199,128
JAMES SMITH	TRUSTEE	0.10	Director	$0	$67,357	$173,333

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	$71,707	$59,592	$647,312	$12,115
2022	$62,475	$63,301	$635,881	$-826
2021	$79,528	$61,740	$640,109	$17,788
2020	$66,931	$40,183	$615,229	$26,748
2019	$82,827	$38,106	$577,015	$44,721
2018	$84,549	$40,369	$532,222	$44,180

TEAMSTERS INSURANCE PREMIUM REIMBURSEMENT