TEAMSTERS LOCAL 631 SECURITY FUND FOR SOUTHERN NEVADA (EIN 880231734) - 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

1988

Legal Domicile

Principal Officer

THOMAS BLITSCH

Phone

7024152185

Tax Period

2024-05-01 to 2025-04-30

TEAMSTERS LOCAL 631 SECURITY FUND FOR SOUTHERN NEVADA, founded in 1988, is a major nonprofit that reported $115.4M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25.2M, a strong 22% operating margin.

Mission

TO PROVIDE MEDICAL,DENTAL,VISION, PRESCRIPTION, DEATH BENEFIT & COUNSELING BENEFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,891,104

Investment Income $10,673,962

Other Revenue $9,861,079

TOTAL REVENUE $115,426,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,104,061

TOTAL EXPENSES $90,215,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,426,145	$73,359,417	+0.6%
Expenses	$90,215,257	$85,094,065	+0.1%
Net Income	$25,210,888	$-11,734,648	-3.1%

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
THOMAS BLITSCH	TRUSTEE	2.00	Director	$0	$0	$0
JAVON JEFFERSON	TRUSTEE	2.00	Director	$0	$0	$0
KENNY TABER	TRUSTEE	2.00	Director	$0	$0	$0
BRENT CONRAD	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK VELASQUEZ	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS BRODEUR	TRUSTEE	2.00	Director	$0	$0	$0
NOELLE CUTTING	TRUSTEE	2.00	Director	$0	$0	$0
BILL MULLER	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
2025	$115,426,145	$90,215,257	$284,406,501	$25,210,888
2024	$73,359,417	$85,094,065	$256,038,381	$-11,734,648
2023	$95,992,199	$72,561,073	$244,237,535	$23,431,126
2022	$79,828,969	$68,856,833	$229,160,459	$10,972,136
2021	$53,646,011	$62,578,853	$243,307,830	$-8,932,842
2020	$82,944,758	$57,343,536	$239,234,039	$25,601,222
2019	$80,027,033	$51,805,764	$216,189,615	$28,221,269
2018	$75,125,320	$48,221,815	$188,064,554	$26,903,505

TEAMSTERS LOCAL 631 SECURITY FUND FOR SOUTHERN NEVADA