TEAMSTERS JOINT COUNCIL NO 83 OF VIRGINIA HEALTH & WELFARE FUND

EIN: 540556299

RICHMOND, VA

Total Revenue
$95,377,030
Total Expenses
$82,021,686
Total Assets
$158,466,995
Net Assets
$156,691,251
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
VA
Principal Officer
JAMES SMITH
Phone
8042823131
Tax Period
2023-01-01 to 2023-12-31

TEAMSTERS JOINT COUNCIL NO 83 OF VIRGINIA HEALTH & WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $67.2M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $61.3M left a modest 9% surplus.

Mission

PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES AS DETERMINED BY THE TRUSTEES, AND SHALL FURTHER PROVIDE THE MEANS FOR DEFRAYING REASONABLE EXPENSES OF THE OPERATION AND ADMINISTRATION OF THE FUND.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $88,779,789
Investment Income $1,790,368
Other Revenue $4,806,873
TOTAL REVENUE $95,377,030

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,961,517
Fundraising Expenses $0
Other Expenses $5,380,097
TOTAL EXPENSES $82,021,686

Year-over-Year Comparison

2023 2022 Change
Revenue $95,377,030 $94,246,401 +0.0%
Expenses $82,021,686 $78,377,847 +0.0%
Net Income $13,355,344 $15,868,554 -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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Governance

Voting Members
6
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
2
$223,636
Total Directors
5
$173,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W ROBERT DAVIDSON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM A NATIONS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOHN FARRISH UNION TRUSTEE 1.00
Director
$0 $0 $0
JAMES R SMITH UNION TRUSTEE 1.00
Director
$0 $67,357 $173,333
JAY BOWERS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA TODD EXECUTIVE DIRECTOR 28.00
Officer
$143,221 $43,062 $186,283
MIKE DAVIS FORMER EXEC DIRECTOR 28.00
Officer
$29,957 $7,396 $37,353
JAMES WRIGHT UNION TRUSTEE 1.00
$0 $57,091 $199,128
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 $95,377,030 $82,021,686 $158,466,995 $13,355,344
2022 $94,246,401 $78,377,847 $132,628,855 $15,868,554
2021 $82,556,790 $76,058,186 $132,877,433 $6,498,604
2020 $76,433,661 $63,021,223 $118,877,472 $13,412,438
2019 $68,590,415 $65,291,378 $98,022,185 $3,299,037
2018 $67,220,275 $61,343,089 $85,198,938 $5,877,186
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