Teamsters Local 701 Scholarship Fu… - Form 990 Financial Data

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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

2025-01-01 to 2025-12-31

Teamsters Local 701 Scholarship Fund, founded in 2004, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $60K, a strong 79% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $16,000

Awarded boot strap college scholarships of $2,000 each to eight individuals

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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 (2025)

Revenue Breakdown

Contributions & Grants $48,050

Program Service Revenue $0

Investment Income $28,647

Other Revenue $0

TOTAL REVENUE $76,697

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,000

Other Expenses $464

TOTAL EXPENSES $16,464

Year-over-Year Comparison

	2025	2024	Change
Revenue	$76,697	$82,660	-0.1%
Expenses	$16,464	$8,093	+1.0%
Net Income	$60,233	$74,567	-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
Thomas Carcich	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
2025	$76,697	$16,464	$805,564	$60,233
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