Teamsters Local 701 Scholarship Fund (EIN 450537015) - 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

2004

Legal Domicile

Phone

7322972701

Tax Period

2024-01-01 to 2024-12-31

Teamsters Local 701 Scholarship Fund, founded in 2004, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $75K, a strong 90% operating margin.

Mission

To award educational scholarships to children and grandchildren of active members of Teamsters Local Union No. 701

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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 $52,525

Program Service Revenue $0

Investment Income $30,135

Other Revenue $0

TOTAL REVENUE $82,660

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,000

Other Expenses $93

TOTAL EXPENSES $8,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,660	$69,296	+0.2%
Expenses	$8,093	$9,460	-0.1%
Net Income	$74,567	$59,836	+0.2%

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

N/A

Volunteers

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
Ronald Lake	President	1.00	Officer	$0	$0	$0
Gregory Riggleman	Treasurer	1.00	Officer	$0	$0	$0
Anthony Fischetti Jr	Secretary	1.00	Officer	$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	$82,660	$8,093	$745,331	$74,567
2023	$69,296	$9,460	$670,764	$59,836
2022	$59,293	$14,173	$610,928	$45,120
2021	$71,964	$13,593	$565,808	$58,371
2020	$51,247	$10,605	$507,437	$40,642

Teamsters Local 701 Scholarship Fund