TEAMSTERS LOCAL 1164 WELFARE FUND (EIN 346529411) - 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

1957

Legal Domicile

Phone

2163518040

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL 1164 WELFARE FUND, founded in 1957, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Expenses of $6.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SICK, ACCIDENT, LIFE, SHORT TERM DISABILITY, DENTAL VISION, AD&D AND HOSPITALIZATION BENEFITS TO APPROXIMATELY 300 ELIGIBLE PARTICIPANTS OF 6 CONTRIBUTING EMPLOYERS

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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 $4,955,843

Investment Income $3,335

Other Revenue $0

TOTAL REVENUE $4,959,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,199

Fundraising Expenses $0

Other Expenses $270,313

TOTAL EXPENSES $6,022,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,959,178	$4,628,527	+0.1%
Expenses	$6,022,303	$4,475,359	+0.3%
Net Income	$-1,063,125	$153,168	-7.9%

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

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
MICHAEL BOLYARD	TRUSTEE	1	Officer Director	$0	$0	$0
MICHAEL D'AMICO	TRUSTEE	1	Officer Director	$0	$0	$0
JUDY TOWNSEND	TRUSTEE / ADMINISTRATOR	5	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	$4,959,178	$6,022,303	$4,884,641	$-1,063,125
2022	$4,628,527	$4,475,359	$5,330,048	$153,168
2021	$4,463,766	$4,021,608	$5,667,354	$442,158
2020	$4,298,754	$3,854,785	$5,244,287	$443,969
2019	$4,105,440	$3,858,738	$4,797,272	$246,702
2018	$3,906,859	$3,471,961	$4,409,010	$434,898

TEAMSTERS LOCAL 1164 WELFARE FUND