TEAMSTERS 206 EMPLOYERS PLAN (EIN 936027865) - 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

1958

Legal Domicile

Principal Officer

THOMAS LEEDHAM

Phone

2063294900

Tax Period

2023-08-01 to 2024-07-31

TEAMSTERS 206 EMPLOYERS PLAN, founded in 1958, is a mid-sized nonprofit that reported $38.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $33.3M left a modest 14% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PLAN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,415,804

Investment Income $2,362,933

Other Revenue $0

TOTAL REVENUE $38,778,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,017,220

TOTAL EXPENSES $33,266,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,778,737	$35,343,588	+0.1%
Expenses	$33,266,704	$32,626,482	+0.0%
Net Income	$5,512,033	$2,717,106	+1.0%

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 LEEDHAM	TRUSTEE/CHAIRMAN	1.0	Director	$0	$0	$0
DONA PIERCY	TRUSTEE	1.0	Director	$0	$0	$0
DAVID TIMMS	TRUSTEE	1.0	Director	$0	$0	$0
GENE BLACKBURN	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	$38,778,737	$33,266,704	$57,030,186	$5,512,033
2023	$35,343,588	$32,626,482	$50,641,882	$2,717,106
2022	$32,781,028	$30,043,106	$48,452,023	$2,737,922
2021	$33,002,069	$28,857,700	$49,828,794	$4,144,369
2020	$35,073,151	$30,971,045	$45,723,043	$4,102,106
2019	$36,261,860	$33,744,096	$40,271,585	$2,517,764
2018	$31,807,034	$29,049,572	$35,393,722	$2,757,462

TEAMSTERS 206 EMPLOYERS PLAN