MINNESOTA TEAMSTERS JOINT COUNCIL NO 32 HEALTH AND WELFARE FUND (EIN 411459141) - 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

1983

Legal Domicile

Principal Officer

TOM ERICKSON

Phone

6123316767

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA TEAMSTERS JOINT COUNCIL NO 32 HEALTH AND WELFARE FUND, founded in 1983, is a small nonprofit that reported $489K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 47 months of operating reserves.

Mission

PROVIDE SEVERANCE PAY AND SUPPLEMENTAL LIFE INSURANCE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $343,679

Investment Income $144,898

Other Revenue $0

TOTAL REVENUE $488,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,313

Fundraising Expenses $0

Other Expenses $38,829

TOTAL EXPENSES $512,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,577	$442,494	+0.1%
Expenses	$512,875	$445,418	+0.2%
Net Income	$-24,298	$-2,924	+7.3%

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

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

Total Directors

$125,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ERICKSON	PRESIDENT	1.00	Director	$0	$4,562	$28,562
TREVOR LAWRENCE	SECRETARY-TREASURER - PAST	1.00	Director	$0	$1,653	$1,653
ZACHARY RADZAK	TRUSTEE	1.00	Director	$0	$0	$12,000
KRISTOPHER KNIGHT	TRUSTEE	1.00	Director	$0	$0	$12,000
BRIAN ALDES	SECRETARY-TREASURER	1.00	Director	$0	$4,704	$27,539
MICHAEL DEBUCK	VICE PRESIDENT	1.00	Director	$0	$3,052	$20,929
JESSE CASE	RECORDING SECRETARY	1.00	Director	$0	$0	$13,350
SCOTT LECY	TRUSTEE	1.00	Director	$0	$0	$9,900

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	$488,577	$512,875	$2,222,847	$-24,298
2023	$442,494	$445,418	$2,195,893	$-2,924
2022	$365,529	$419,357	$1,994,590	$-53,828
2021	$467,009	$294,890	$2,330,974	$172,119
2020	$401,113	$288,906	$2,050,744	$112,207
2019	$491,674	$387,408	$1,810,862	$104,266
2018	$433,912	$321,540	$1,606,460	$112,372

MINNESOTA TEAMSTERS JOINT COUNCIL NO 32 HEALTH AND WELFARE FUND