UTAH-IDAHO TEAMSTERS SECURITY FUND (EIN 876122720) - 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

1956

Legal Domicile

Principal Officer

DAVID ANDERSON

Phone

6022493582

Tax Period

2024-05-01 to 2025-04-30

UTAH-IDAHO TEAMSTERS SECURITY FUND, founded in 1956, is a mid-sized nonprofit that reported $67.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $63.4M left a modest 6% surplus.

Mission

THE UTAH-IDAHO TEAMSTERS SECURITY FUND IS A MULTIEMPLOYER WELFARE BENEFIT PLAN PROVIDING MEDICAL-HOSPITAL, DENTAL, PRESCRIPTION, VISION, DISABILITY, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.

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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 $63,652,683

Investment Income $3,462,063

Other Revenue $0

TOTAL REVENUE $67,114,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,166,629

TOTAL EXPENSES $63,409,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,114,746	$59,582,095	+0.1%
Expenses	$63,409,917	$60,267,983	+0.1%
Net Income	$3,704,829	$-685,888	-6.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ANDERSON	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
TOM CANNON	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
TIM DIETZ	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
LARRY ORTEGA	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
VERONICA TERPENING	EMPLOYER TRUSTEE - PAST	1.0	Director	$0	$0	$0
SPENCER HOGUE	UNION TRUSTEEE	1.0	Director	$0	$0	$0
BOB MENDEZ	UNION TRUSTEEE	1.0	Director	$0	$0	$0
BRITT MILLER	UNION TRUSTEEE	1.0	Director	$0	$0	$0
JESSICA PRATHER	UNION TRUSTEE - PAST	1.0	Director	$0	$0	$0
JIM SOUMAS	UNION TRUSTEEE	1.0	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	$67,114,746	$63,409,917	$78,837,029	$3,704,829
2024	$59,582,095	$60,267,983	$73,408,211	$-685,888
2023	$59,651,210	$57,587,945	$68,838,027	$2,063,265
2022	$62,476,382	$52,727,212	$66,405,330	$9,749,170
2021	$58,180,843	$45,461,107	$60,561,231	$12,719,736
2020	$52,037,239	$48,871,144	$48,194,076	$3,166,095
2019	$47,139,744	$44,678,722	$44,723,206	$2,461,022
2018	$43,459,729	$35,614,464	$43,048,940	$7,845,265

UTAH-IDAHO TEAMSTERS SECURITY FUND