TEAMSTERS CONST BANKING FUND

EIN: 521878481

CUMBERLAND, MD

Total Revenue
$287,095
Total Expenses
$300,664
Total Assets
$295,239
Net Assets
$295,239
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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
1994
Legal Domicile
MD
Principal Officer
LAWRENCE A WOLFE JR
Phone
3017225720
Tax Period
2024-01-01 to 2024-12-31

TEAMSTERS CONST BANKING FUND, founded in 1994, is a small nonprofit that reported $287K in total revenue in fiscal year 2024.

Mission

A PROGRAM FOR UNION MEMBERS CONSISTING OF THE FOLLOWING BENEFITS: LIFE INSURANCE, VISION, WEEKLY DISABILITY, HOSPITALIZATION, DENTAL, AND ACCIDENTAL DEATH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $286,656
Investment Income $439
Other Revenue $0
TOTAL REVENUE $287,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $296,599
Other Expenses $4,065
TOTAL EXPENSES $300,664

Year-over-Year Comparison

2024 2023 Change
Revenue $287,095 $283,725 +0.0%
Expenses $300,664 $326,056 -0.1%
Net Income $-13,569 $-42,331 -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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE A WOLFE JR CHAIRMAN/ TR N/A
Director
$0 $0 $0
JERRY M RUMER TRUSTEE N/A
Director
$0 $0 $0
CARL BELT JR TRUSTEE N/A
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 $287,095 $300,664 $295,239 $-13,569
2023 $283,725 $326,056 $308,808 $-42,331
2022 $313,396 $341,945 $351,139 $-28,549
2021 $254,268 $321,029 $379,688 $-66,761
2020 $286,402 $321,016 $446,449 $-34,614
2019 $476,752 $417,761 $481,063 $58,991
2018 $462,716 $367,845 $422,072 $94,871
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