SUBURBAN TEAMSTERS OF NORTHERN ILLINOIS WELFARE FUND (EIN 366158494) - 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

DOMINIC ROMANAZZI

Phone

6302935218

Tax Period

2023-01-01 to 2023-12-31

SUBURBAN TEAMSTERS OF NORTHERN ILLINOIS WELFARE FUND, founded in 1951, is a mid-sized nonprofit that reported $64.2M in total revenue in fiscal year 2018.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $74,291,735

Investment Income $-103,764

Other Revenue $167

TOTAL REVENUE $74,188,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,325,477

Fundraising Expenses $0

Other Expenses $1,467,320

TOTAL EXPENSES $77,866,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,188,138	$69,417,587	+0.1%
Expenses	$77,866,952	$73,591,860	+0.1%
Net Income	$-3,678,814	$-4,174,273	-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

Governance

Voting Members

Independent Members

N/A

Employees

129

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

$218,485

Total Directors

$739,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS FLYNN	TRUSTEE	1.00	Director	$0	$52,716	$245,015
WILLIAM BRACH	TRUSTEE	1.00	Director	$0	$0	$0
DOMINIC ROMANAZZI	TRUSTEE	1.00	Director	$0	$66,009	$277,282
TIMOTHY CUSTER	TRUSTEE	1.00	Director	$0	$65,249	$217,044
RITCH DEMBINSKY	TRUSTEE	1.00	Director	$0	$0	$0
JOSE COLIN	FUND MANAGER	11.00	Officer	$0	$40,742	$218,485
SUE SELIMOS	WELFARE OPERATIONS MANAGER	38.00	Highest	$0	$40,742	$176,328

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	$74,188,138	$77,866,952	$141,529,590	$-3,678,814
2022	$69,417,587	$73,591,860	$136,620,365	$-4,174,273
2021	$76,947,278	$72,467,809	$151,986,865	$4,479,469
2020	$72,960,843	$66,422,243	$143,632,088	$6,538,600
2019	$72,481,100	$67,598,213	$133,856,552	$4,882,887
2018	$64,247,390	$67,655,027	$122,632,480	$-3,407,637

SUBURBAN TEAMSTERS OF NORTHERN ILLINOIS WELFARE FUND