TEAMSTERS LOCAL 610 PRESCRIPTICARE TRUST (EIN 436127748) - 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

1971

Legal Domicile

Principal Officer

DAN THACKER

Phone

3142090018

Tax Period

2022-09-01 to 2023-08-31

TEAMSTERS LOCAL 610 PRESCRIPTICARE TRUST, founded in 1971, is a micro nonprofit that reported $74K in total revenue in fiscal year 2022. Expenses of $94K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE MEDICAL BENEFITS (PRESCRIPTION DRUGS) TO MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,128

Investment Income $28,031

Other Revenue $0

TOTAL REVENUE $74,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,399

Other Expenses $45,855

TOTAL EXPENSES $94,254

Year-over-Year Comparison

	2022	2021	Change
Revenue	$74,159	$74,814	0.0%
Expenses	$94,254	$86,886	+0.1%
Net Income	$-20,095	$-12,072	+0.7%

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
DAN THACKER	TRUSTEE	5.00	Director	$0	$0	$0
NICK FAHS	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	$74,159	$94,254	$758,642	$-20,095
2022	$74,814	$86,886	$764,508	$-12,072
2021	$72,386	$90,198	$845,882	$-17,812
2020	$67,184	$68,309	$798,506	$-1,125
2019	$128,908	$85,368	$773,267	$43,540
2018	$166,010	$91,777	$744,137	$74,233

TEAMSTERS LOCAL 610 PRESCRIPTICARE TRUST