TEAMSTERS LOCAL 682 HEALTH AND WELFARE TRUST FUND (EIN 436033487) - 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

1960

Legal Domicile

Principal Officer

MATTHEW STEWARD

Phone

3146478350

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL 682 HEALTH AND WELFARE TRUST FUND, founded in 1960, is a mid-sized nonprofit that reported $12.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $13.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS OF TEAMSTERS LOCAL 682 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,839,234

Investment Income $389,192

Other Revenue $2,514

TOTAL REVENUE $12,230,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,000

Fundraising Expenses $0

Other Expenses $1,118,256

TOTAL EXPENSES $13,794,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,230,940	$13,360,606	-0.1%
Expenses	$13,794,598	$12,496,358	+0.1%
Net Income	$-1,563,658	$864,248	-2.8%

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

$18,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E KIMBRELL	LABOR TRUSTEE, CHAIRMAN	1.00	Officer Director	$9,000	$0	$9,000
SCOTT HILL	LABOR TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW STEWARD	LABOR TRUSTEE	1.00	Director	$0	$0	$0
BOB KINTZ	MANAGEMENT TRUSTEE, SECRET	1.00	Officer Director	$9,000	$0	$9,000
FRED KERN	MANAGEMENT TRUSTEE	1.00	Director	$9,000	$0	$9,000
JAY SCHULTEHENRICH	MANAGEMENT TRUSTEE	1.00	Director	$9,000	$0	$9,000

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	$12,230,940	$13,794,598	$15,297,714	$-1,563,658
2022	$13,360,606	$12,496,358	$15,853,819	$864,248
2021	$11,760,446	$15,022,537	$19,630,221	$-3,262,091
2020	$12,116,904	$13,441,933	$23,352,655	$-1,325,029
2019	$11,809,748	$16,171,731	$24,077,853	$-4,361,983
2018	$11,635,709	$14,783,032	$27,050,078	$-3,147,323

TEAMSTERS LOCAL 682 HEALTH AND WELFARE TRUST FUND