Teamsters Local 399 Charity Fund Inc (EIN 880672461) - 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

2022

Legal Domicile

Principal Officer

Richard Bennetti

Phone

3475593089

Tax Period

2024-01-01 to 2024-12-31

Teamsters Local 399 Charity Fund Inc, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $197K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 55% operating deficit.

Mission

To provide scholarships donations to graduating high school seniors and donations to other charities that promote the common good and welfare of working people.

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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 $201,369

Program Service Revenue $0

Investment Income $0

Other Revenue $-4,561

TOTAL REVENUE $196,808

Expense Breakdown

Grants Paid $302,364

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,364

Other Expenses $3,622

TOTAL EXPENSES $305,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,808	$437,001	-0.5%
Expenses	$305,986	$278,861	+0.1%
Net Income	$-109,178	$158,140	-1.7%

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

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
Richard Bennetti	President	2.00	Officer Director	$0	$0	$0
Lucio Powell	Vice President	2.00	Director	$0	$0	$0
Jason Ide	Secretary	2.00	Officer Director	$0	$0	$0
Jason Roach	CFO	2.00	Officer Director	$0	$0	$0
Nicole Casey	Director	2.00	Director	$0	$0	$0
Christian Castro	Director	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	$196,808	$305,986	$72,689	$-109,178
2023	$437,001	$278,861	$181,867	$158,140
2022	$223,171	$199,444	$23,727	$23,727

Teamsters Local 399 Charity Fund Inc