HAGERSTOWN TEAMSTERS AND MOTOR CARRIERS HEALTH AND WELFARE FUND (EIN 520629995) - 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

1953

Legal Domicile

Principal Officer

SPENCER DEARTH

Phone

3017332602

Tax Period

2024-07-01 to 2025-06-30

HAGERSTOWN TEAMSTERS AND MOTOR CARRIERS HEALTH AND WELFARE FUND, founded in 1953, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $7.5M left a modest 14% surplus.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS COVERAGE FOR ELIGIBLE PARTICIPANTS, AND THEIR DEPENDENTS, WHO ARE EMPLOYED BY CONTRIBUTING EMPLOYERS.

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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 $7,431,745

Investment Income $1,309,369

Other Revenue $0

TOTAL REVENUE $8,741,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $973,692

TOTAL EXPENSES $7,532,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,741,114	$9,250,796	-0.1%
Expenses	$7,532,572	$6,724,166	+0.1%
Net Income	$1,208,542	$2,526,630	-0.5%

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

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

$202,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KRAUSE	UNION TRUSTEE	2.00	Director	$0	$49,384	$202,522
DANIEL CRAYTOR	UNION TRUSTEE (P)	2.00	Director	$0	$0	$0
ROBERT COWIE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DANIEL W SCHMIDT	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RON FISCHER	UNION TRUSTEE	2.00	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
2025	$8,741,114	$7,532,572	$37,157,881	$1,208,542
2024	$9,250,796	$6,724,166	$34,410,373	$2,526,630
2023	$11,134,054	$7,479,982	$30,859,656	$3,654,072
2022	$10,952,331	$6,585,862	$26,726,646	$4,366,469
2021	$10,717,832	$7,746,555	$23,652,875	$2,971,277
2020	$9,780,011	$7,022,040	$19,615,172	$2,757,971
2019	$8,579,912	$5,951,624	$16,753,715	$2,628,288
2018	$7,421,367	$5,527,469	$13,860,784	$1,893,898

HAGERSTOWN TEAMSTERS AND MOTOR CARRIERS HEALTH AND WELFARE FUND