TEAMSTERS BENEFIT TRUST (EIN 942848389) - 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

1982

Legal Domicile

Principal Officer

KEITH FLEMING

Phone

5107964676

Tax Period

2023-10-01 to 2024-09-30

TEAMSTERS BENEFIT TRUST, founded in 1982, is a major nonprofit that reported $379.8M in total revenue in fiscal year 2023. Expenses of $334.4M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MULTIEMPLOYER 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 $355,795,100

Investment Income $23,725,993

Other Revenue $302,201

TOTAL REVENUE $379,823,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,365,812

TOTAL EXPENSES $334,360,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$379,823,294	$366,749,635	+0.0%
Expenses	$334,360,230	$306,602,707	+0.1%
Net Income	$45,463,064	$60,146,928	-0.2%

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

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
William Albanese	Trustee	1.0	Director	$0	$0	$0
Keith Fleming	CO-CHAIRMAN	4.0	Director	$0	$0	$0
John Bouchard	Trustee	1.0	Director	$0	$0	$0
Richard Jordan	Trustee	1.0	Director	$0	$0	$0
Richard Murphy	Trustee	1.0	Director	$0	$0	$0
Bill Rossi	Trustee	1.0	Director	$0	$0	$0
Carlos Borba	CO-CHAIRMAN	4.0	Director	$0	$0	$0
Alberto Ruiz	Trustee	1.0	Director	$0	$0	$0
GERALD COLEMAN	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN BECK	TRUSTEE	1.0	Director	$0	$0	$0
SAL LOMELI	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN LUA	TRUSTEE	1.0	Director	$0	$0	$0
SEE SCHEDULE O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	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	$379,823,294	$334,360,230	$910,753,202	$45,463,064
2023	$366,749,635	$306,602,707	$739,157,796	$60,146,928
2022	$367,435,023	$300,123,102	$622,468,881	$67,311,921
2021	$360,030,062	$303,373,691	$647,016,311	$56,656,371
2020	$337,741,506	$302,636,943	$515,238,654	$35,104,563
2019	$338,839,356	$309,297,494	$451,609,321	$29,541,862
2018	$348,903,064	$286,161,477	$407,860,556	$62,741,587

TEAMSTERS BENEFIT TRUST