TEAMSTERS JOINT COUNCIL 10 NEW ENGLAND SCHOLARSHIP FUND (EIN 562662379) - 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

2000

Legal Domicile

Principal Officer

THOMAS MARI

Phone

6172410485

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS JOINT COUNCIL 10 NEW ENGLAND SCHOLARSHIP FUND, founded in 2000, is a small nonprofit in the Education sector that reported $166K in total revenue in fiscal year 2023. The organization ran a surplus of $52K, a strong 31% operating margin.

Mission

THE TEAMSTERS JC 10 SCHOLARSHIP FUND WAS CREATED TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO THE DEPENDENTS OF UNION MEMBERS OF TEAMSTERS LOCAL UNIONS AFFILIATED WITH TEAMSTERS JOINT COUNCIL 10 NEW ENGLAND. CONTRIBUTIONS ARE RAISED THROUGH ANNUAL MEMBERSHIP CONTRIBUTIONS, AND FUNDRAISING ACTIVITIES INCLUDING THE JC 10 ANNUAL SCHOLARSHIP GOLF TOURNAMENT.

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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 $110

Program Service Revenue $0

Investment Income $22,873

Other Revenue $142,593

TOTAL REVENUE $165,576

Expense Breakdown

Grants Paid $107,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,650

Other Expenses $6,217

TOTAL EXPENSES $113,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,576	$159,614	+0.0%
Expenses	$113,867	$125,256	-0.1%
Net Income	$51,709	$34,358	+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

$72,959

Total Directors

$152,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MARI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$22,799
GEORGE BELANGER	PRESIDENT	1.00	Officer Director	$0	$0	$20,064
ROCCO CALO	VP	1.00	Officer Director	$0	$0	$15,048
JEFFREY PADELLARO	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$15,048
SALVATORE ABATE	TRUSTEE	1.00	Director	$0	$0	$19,696
SHANNON GEORGE	TRUSTEE	1.00	Director	$0	$0	$15,048
ROBERT DIGIROLAMO	ADVISORY TRUSTEE	1.00	Director	$0	$0	$10,032
BRETT MILLER	ADVISORY TRUSTEE	1.00	Director	$0	$0	$10,032
MATTHEW TAIBI	TRUSTEE	1.00	Director	$0	$0	$15,048
TONY ST HILAIRE	ADVISORY TRUSTEE	1.00	Director	$0	$0	$10,032

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	$165,576	$113,867	$855,829	$51,709
2022	$159,614	$125,256	$771,762	$34,358
2021	$164,399	$115,922	$826,364	$48,477
2020	$108,271	$132,063	$748,499	$-23,792
2019	$155,377	$94,597	$725,460	$60,780
2018	$169,779	$111,992	$621,796	$57,787

TEAMSTERS JOINT COUNCIL 10 NEW ENGLAND SCHOLARSHIP FUND