Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund (EIN 550422384) - 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

1959

Legal Domicile

Principal Officer

Frank T Litton Jr

Phone

3049254181

Tax Period

2023-01-01 to 2023-12-31

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund, founded in 1959, is a mid-sized nonprofit that reported $29.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.0M, a strong 24% operating margin.

Mission

Provide health and welfare benefits for eligible participants.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,119,157

Investment Income $575,010

Other Revenue $1,191

TOTAL REVENUE $29,695,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,705

Fundraising Expenses $0

Program Expenses $22,211,639

Other Expenses $980,298

TOTAL EXPENSES $22,678,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,695,358	$25,493,707	+0.2%
Expenses	$22,678,525	$22,497,030	+0.0%
Net Income	$7,016,833	$2,996,677	+1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank T Litton Jr	Trustee	5.00	Director	$0	$0	$0
Steve Day	Trustee	2.00	Director	$0	$0	$0
Richard K Hall	Trustee	2.00	Director	$0	$0	$0
Luke Farley	Trustee	2.00	Director	$0	$0	$0
Terry Rusin	Trustee	2.00	Director	$0	$0	$0
Shawn Romano	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
2024	No data	No data	No data	No data
2023	$29,695,358	$22,678,525	$37,321,136	$7,016,833
2022	$25,493,707	$22,497,030	$28,256,772	$2,996,677
2021	$24,589,399	$21,397,658	$27,466,198	$3,191,741
2020	$21,946,451	$17,320,829	$24,284,110	$4,625,622
2019	$22,764,868	$22,068,429	$18,274,624	$696,439
2018	$24,650,782	$17,508,221	$16,358,183	$7,142,561

Employer-Teamsters Local Nos 175 & 505 Health & Welfare Fund