WELFARE FUND OF TEAMSTERS LOCAL 422

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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

1952

Legal Domicile

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.

Program Service Accomplishments

Program 1

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%)

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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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

Key Employees

Highest Compensated

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