Detroit, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Michigan Conference of Teamsters Welfare Fund, founded in 1949, is a major nonprofit that reported $367.7M in total revenue in fiscal year 2024. Expenses of $345.1M left a modest 6% surplus.
The Michigan Conference of Teamsters Welfare Fund (MCTWF) seeks to provide to its participants and their eligible dependents the highest quality of administrative services and a broad range of cost-effective health and welfare benefit package choices, utilizing provider networks that employ the highest professional standards and that provide participants and their eligible dependents with the greatest possible access. MCTWF seeks, as well, to fully accommodate the related educational and operational requirements of teamster union representatives and employers who contract to provide MCTWF coverage. In sum, MCTWF seeks to provide the best group health plan option among all available group health plans and insurers to meet the health and welfare benefit needs of teamster members and their families.
To provide medical, prescription drugs, dental, vision, behavioral health, disability, and death benefits for eligible participants and their dependents.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $367,748,029 | $371,467,731 | 0.0% |
| Expenses | $345,130,246 | $341,455,506 | +0.0% |
| Net Income | $22,617,783 | $30,012,225 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Raymond J Buratto | Co-Chair, Trustee | 4.00 |
Officer
Director
|
$13,050 | $29,733 | $42,783 |
| Earl D Ishbia | Trustee | 2.00 |
Director
|
$11,500 | $29,733 | $41,233 |
| Robert W Jones | Trustee | 2.00 |
Director
|
$12,038 | $29,733 | $41,771 |
| Gregory W Nowak | Co-Chair, Trustee | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Moore | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Ellis Wood | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Ann Zick | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Thomas Ziembovic | Trustee until January 2025 | 2.00 |
Director
|
$0 | $0 | $0 |
| Kyle Stallman | Executive Director | 55.00 |
Officer
|
$370,637 | $66,853 | $437,490 |
| William Deighton | Director of IT and Service | 45.00 |
Highest
|
$227,058 | $56,128 | $283,186 |
| Bryan Carney | Director of Financial Service | 45.00 |
Highest
|
$193,563 | $59,348 | $252,911 |
| Sandra Bowman-Claus | Senior Director for Plan Operations | 45.00 |
Highest
|
$173,362 | $54,172 | $227,534 |
| Vishal Sharma | Computer Systems Analyst | 45.00 |
Highest
|
$158,186 | $60,202 | $218,388 |
| Gail Wilson | Director of Human Resources | 45.00 |
Highest
|
$162,978 | $38,431 | $201,409 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $367,748,029 | $345,130,246 | $716,891,535 | $22,617,783 |
| 2024 | $371,467,731 | $341,455,506 | $679,619,264 | $30,012,225 |
| 2023 | $330,977,748 | $332,761,733 | $592,976,967 | $-1,783,985 |
| 2022 | $385,297,101 | $317,695,434 | $640,344,549 | $67,601,667 |
| 2021 | $339,488,401 | $294,990,009 | $644,359,189 | $44,498,392 |
| 2020 | $300,801,824 | $304,029,748 | $488,052,676 | $-3,227,924 |
| 2019 | $293,490,762 | $273,950,237 | $532,721,600 | $19,540,525 |
| 2018 | $302,583,460 | $258,281,649 | $517,268,916 | $44,301,811 |
Compare Michigan Conference of Teamsters Welfare Fund with other nonprofits in Michigan and across the country.