TEAMSTERS UNION NO 142 HEALTH AND WELFARE TRUST FUND (EIN 350918199) - 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

1951

Legal Domicile

Principal Officer

HARVEY JACKSON

Phone

2199491550

Tax Period

2024-07-01 to 2025-06-30

TEAMSTERS UNION NO 142 HEALTH AND WELFARE TRUST FUND, founded in 1951, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $992K, a strong 54% operating margin.

Mission

PROVIDE HEALTH BENEFITS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $881,039

Investment Income $947,038

Other Revenue $244

TOTAL REVENUE $1,828,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,315

Fundraising Expenses $0

Other Expenses $172,843

TOTAL EXPENSES $836,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,828,321	$1,594,649	+0.1%
Expenses	$836,398	$979,806	-0.1%
Net Income	$991,923	$614,843	+0.6%

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

$278,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARVEY JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
JEFF PAWLAK	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MICHAELS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF GIDEON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE TOTH	TRUSTEE	1.00	Director	$0	$0	$0
JOE SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
JAY SMITH	FUND MANAGER	4.00	Officer	$0	$66,636	$278,586

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
2025	$1,828,321	$836,398	$29,210,453	$991,923
2024	$1,594,649	$979,806	$27,549,871	$614,843
2023	$1,246,971	$841,729	$24,718,231	$405,242
2022	$1,124,795	$1,176,182	$23,457,771	$-51,387
2021	$1,616,068	$1,369,946	$26,222,594	$246,122
2020	$1,312,307	$970,765	$23,287,755	$341,542
2019	$1,707,377	$759,300	$22,272,878	$948,077

TEAMSTERS UNION NO 142 HEALTH AND WELFARE TRUST FUND