INDIANA TEAMSTERS HEALTH BENEFITS … - 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

1959

Legal Domicile

Principal Officer

ROBERT WARNOCK III

Phone

3176393575

Tax Period

2023-01-01 to 2023-12-31

INDIANA TEAMSTERS HEALTH BENEFITS PLAN, founded in 1959, is a mid-sized nonprofit that reported $77.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $21.1M, a strong 27% operating margin.

Mission

THE FUND PROVIDES INDIANA TEAMSTERS UNION MEMBERS AND RETIREES WITH HEALTH AND WELFARE BENEFITS.

Program Service Accomplishments

Program 1

MANAGED AND MAINTAINED HEALTH BENEFITS FUND FOR INDIANA TEAMSTERS UNION MEMBERS AND RETIREES.

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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 $69,038,151

Investment Income $8,037,538

Other Revenue $0

TOTAL REVENUE $77,075,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,395,688

TOTAL EXPENSES $56,014,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,075,689	$68,312,654	+0.1%
Expenses	$56,014,981	$57,201,429	0.0%
Net Income	$21,060,708	$11,111,225	+0.9%

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

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
JESSE MIKESELL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WARNOCK III	TRUSTEE	1.00	Director	$0	$0	$0
MIKE FERRARA	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE GERDES	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HEYDE	TRUSTEE	1.00	Director	$0	$0	$0
DUSTIN ROACH	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN ALPERS	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN WHITTAKER	TRUSTEE	1.00	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	$77,075,689	$56,014,981	$115,810,917	$21,060,708
2022	$68,312,654	$57,201,429	$93,287,672	$11,111,225
2021	$74,864,751	$57,244,748	$95,437,636	$17,620,003
2020	$65,057,864	$56,486,968	$81,132,312	$8,570,896
2019	$58,184,212	$53,689,356	$64,813,876	$4,494,856
2018	$50,451,131	$44,911,634	$55,160,084	$5,539,497

INDIANA TEAMSTERS HEALTH BENEFITS PLAN