AREA TEAMSTERS INSURANCE BENEFIT PLAN

EIN: 364250648 Mutual Benefit

LYONS, IL

Total Revenue
$4,487,075
Total Expenses
$4,196,689
Total Assets
$1,828,306
Net Assets
$1,774,173
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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
1999
Legal Domicile
IL
Principal Officer
JAMES GLIMCO
Phone
7087771081
Tax Period
2024-01-01 to 2024-12-31

AREA TEAMSTERS INSURANCE BENEFIT PLAN, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $4.5M in total revenue in fiscal year 2024. Expenses of $4.2M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH, DENTAL, VISION AND LIFE BENEFITS TO PARTICIPANTS AND THEIR FAMILIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,332,773
Investment Income $49,524
Other Revenue $104,778
TOTAL REVENUE $4,487,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,735
Fundraising Expenses $0
Other Expenses $67,071
TOTAL EXPENSES $4,196,689

Year-over-Year Comparison

2024 2023 Change
Revenue $4,487,075 $4,317,688 +0.0%
Expenses $4,196,689 $4,004,363 +0.0%
Net Income $290,386 $313,325 -0.1%
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

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Governance

Voting Members
2
Independent Members
1
Employees
3
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
0
$0
Total Directors
2
$180,457
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES GLIMCO TRUSTEE 2.00
Director
$0 $41,867 $180,457
MELVIN SIEGAL TRUSTEE 2.00
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 $4,487,075 $4,196,689 $1,828,306 $290,386
2023 $4,317,688 $4,004,363 $1,545,322 $313,325
2022 $4,054,024 $3,940,432 $1,178,131 $113,592
2021 $3,964,940 $4,029,426 $1,051,784 $-64,486
2020 $4,107,988 $3,973,108 $1,117,419 $134,880
2019 $3,824,393 $3,748,808 $1,002,294 $75,585
2018 $3,403,803 $3,353,444 $907,983 $50,359
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