WELFARE FUND OF TEAMSTERS LOCAL 422

EIN: 346528831

CLEVELAND, OH

Total Revenue
$613,160
Total Expenses
$584,094
Total Assets
$1,152,116
Net Assets
$1,152,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
OH
Principal Officer
ANTHONY SARA
Phone
2166881844
Tax Period
2023-01-01 to 2023-12-31

WELFARE FUND OF TEAMSTERS LOCAL 422, founded in 1952, is a small nonprofit that reported $613K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $584K left a modest 5% surplus.

Mission

TO PROVIDE CERTAIN HOSPITAL, MEDICAL, SURGICAL, DENTAL, LIFE AND PRESCRIPTION DRUG BENEFITS TO APPROXIMATELY 101 ELIGIBLE PARTICIPANTS AND BENEFICIARIES.

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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 $580,856
Investment Income $32,304
Other Revenue $0
TOTAL REVENUE $613,160

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $54,223
TOTAL EXPENSES $584,094

Year-over-Year Comparison

2023 2022 Change
Revenue $613,160 $1,068,961 -0.4%
Expenses $584,094 $1,063,005 -0.5%
Net Income $29,066 $5,956 +3.9%
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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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABIGAIL GREENFIELD TRUSTEE 2.00
Director
$0 $0 $0
ANTHONY SARA CHAIRMAN/TRU 8.00
Officer 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
2024 No data No data No data No data
2023 $613,160 $584,094 $1,152,116 $29,066
2022 $1,068,961 $1,063,005 $1,130,194 $5,956
2021 $1,033,458 $992,421 $1,133,071 $41,037
2020 $1,246,623 $1,138,325 $1,099,593 $108,298
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