TEAMSTERS MEDICARE TRUST FOR RETIRED EMPLOYEES (EIN 436059037) - 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

1967

Legal Domicile

Principal Officer

JIM BARRETT

Phone

3143770080

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS MEDICARE TRUST FOR RETIRED EMPLOYEES, founded in 1967, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Net assets of $39.2M represent 63 months of operating reserves.

Mission

TO PROVIDE HEALTH AND WELFARE 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 $5,805,841

Investment Income $1,602,348

Other Revenue $0

TOTAL REVENUE $7,408,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,997

Fundraising Expenses $0

Other Expenses $607,822

TOTAL EXPENSES $7,850,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,408,189	$7,622,069	0.0%
Expenses	$7,850,708	$7,199,026	+0.1%
Net Income	$-442,519	$423,043	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BARRETT	CHAIRMAN	4.00	Director	$0	$0	$0
DOUG CARLSON	UNION TRUSTEE	1.00	Director	$0	$0	$0
KEVIN COCHRAN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DIFFLEY	ALTERNATIVE UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID FRIMML	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAN THACKER	UNION TRUSTEE	1.00	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	$7,408,189	$7,850,708	$40,247,375	$-442,519
2023	$7,622,069	$7,199,026	$38,727,043	$423,043
2022	$6,988,873	$6,818,167	$35,742,582	$170,706
2021	$8,359,565	$6,860,333	$41,961,685	$1,499,232
2020	$7,076,703	$6,750,607	$38,168,574	$326,096
2019	$8,271,929	$6,864,243	$35,084,163	$1,407,686
2018	$6,907,439	$6,884,625	$31,437,856	$22,814

TEAMSTERS MEDICARE TRUST FOR RETIRED EMPLOYEES