WESTERN TEAMSTERS WELFARE TRUST (EIN 916033601) - 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

1962

Legal Domicile

Principal Officer

Bob Paffenroth

Phone

6264636041

Tax Period

2023-09-01 to 2024-08-31

WESTERN TEAMSTERS WELFARE TRUST, founded in 1962, is a mid-sized nonprofit that reported $69.7M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $154.3M represent 27 months of operating reserves.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, WHICH INCLUDE ACTIVE AND CASUAL EMPLOYEES OF PARTICIPATING EMPLOYERS AND ELIGIBLE RETIREES.

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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 $60,044,254

Investment Income $6,101,456

Other Revenue $3,578,704

TOTAL REVENUE $69,724,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,982,331

TOTAL EXPENSES $75,472,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,724,414	$159,358,457	-0.6%
Expenses	$75,472,486	$150,068,390	-0.5%
Net Income	$-5,748,072	$9,290,067	-1.6%

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

N/A

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
JOHN COULSON	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM R DAVIDSON	TRUSTEE	1.0	Director	$0	$0	$0
WALTER MAESTAS	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK D KELLY	TRUSTEE	1.0	Director	$0	$0	$0
BOB PAFFENROTH	TRUSTEE	1.0	Director	$0	$0	$0
TOM WALTERS	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL SIMEONE	TRUSTEE	1.0	Director	$0	$0	$0
DOUG RUYGROK	TRUSTEE	1.0	Director	$0	$0	$0
Pete Rokich	TRUSTEE	1.0	Director	$0	$0	$0
MARK BRANDT	TRUSTEE	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
2024	$69,724,414	$75,472,486	$172,349,829	$-5,748,072
2023	$159,358,457	$150,068,390	$186,315,984	$9,290,067
2022	$161,721,868	$152,995,625	$178,197,091	$8,726,243
2021	$144,629,033	$142,910,265	$186,935,579	$1,718,768
2020	$143,575,091	$140,145,996	$178,858,273	$3,429,095
2019	$152,082,941	$152,242,135	$170,261,868	$-159,194
2018	$151,771,524	$144,860,562	$160,881,598	$6,910,962

WESTERN TEAMSTERS WELFARE TRUST