TEAMSTERS LOCAL UNION NO 600 TRANSP WHSE AND DAIRY IND UNION WEL TR FD (EIN 430656495) - 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

1989

Legal Domicile

Principal Officer

MIKE GRZYB

Phone

3143884400

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL UNION NO 600 TRANSP WHSE AND DAIRY IND UNION WEL TR FD, founded in 1989, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 28% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED UNION EMPLOYEES, SPOUSES AND DEPENDENTS AND RETIREES OF CONTRIBUTING EMPLOYERS WHO ARE PARTY TO COLLECTIVE BARGAINING AGREEMENTS WITH THE HIGHWAY, CITY AND FREIGHT DRIVERS, DOCKMEN, MARINE OFFICERS ASSOCIATION, DAIRY WORKERS AND HELPERS UNION LOCAL NO 600. THE PLAN IS INTENDED, TOGETHER WITH THE RELATED TRUST AGREEMENT, TO CONSTITUTE A MULTIEMPLOYER WELFARE PLAN.

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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 $95,229

Investment Income $53,841

Other Revenue $0

TOTAL REVENUE $149,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $61,397

TOTAL EXPENSES $107,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,070	$126,224	+0.2%
Expenses	$107,608	$112,300	0.0%
Net Income	$41,462	$13,924	+2.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PHAUP	TRUSTEE	5.00	Director	$0	$0	$0
TIMOTHY MEADOWS	OUTING TRUSTEE SEC/TRES	5.00	Director	$0	$0	$0
ROB WALZ	TRUSTEE	5.00	Director	$0	$0	$0
JOHN KELTING	TRUSTEE	5.00	Director	$0	$0	$0
MIKE GRZYB	INCOMING TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$149,070	$107,608	$2,173,795	$41,462
2022	$126,224	$112,300	$1,969,755	$13,924
2021	$202,654	$115,307	$2,296,589	$87,347
2020	$110,071	$108,892	$2,185,787	$1,179
2019	$129,774	$108,674	$2,058,715	$21,100
2018	$139,556	$93,268	$1,835,621	$46,288

TEAMSTERS LOCAL UNION NO 600 TRANSP WHSE AND DAIRY IND UNION WEL TR FD