Michigan Conference of Teamsters Welfare Fund (EIN 381328578) - 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

1949

Legal Domicile

Principal Officer

Kyle Stallman

Phone

3139642400

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

To provide medical, prescription drugs, dental, vision, behavioral health, disability and death benefits for eligible participants and their dependents.

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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 $352,476,144

Investment Income $15,229,980

Other Revenue $41,905

TOTAL REVENUE $367,748,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,570,398

Fundraising Expenses $0

Other Expenses $15,738,746

TOTAL EXPENSES $345,130,246

Year-over-Year Comparison

	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%

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

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

$480,273

Total Directors

$125,787

Key Employees

Highest Compensated

reported

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

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	$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

Michigan Conference of Teamsters Welfare Fund