TEAMSTERS HEALTH & WELFARE TRUST F… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

KEVIN HOLU ROBERT YU

Phone

8085230199

Tax Period

2023-09-01 to 2024-08-31

TEAMSTERS HEALTH & WELFARE TRUST FUND, founded in 1957, is a mid-sized nonprofit that reported $53.4M in total revenue in fiscal year 2023. Expenses of $46.8M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS, AND RETIREES.

Program Service Accomplishments

Program 1

Expenses: $36,275,120

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS, AND RETIREES BY PAYING MONTHLY INSURANCE PREMIUMS TO INSURANCE CARRIERS (MEDICAL/DENTAL $36,002,515, CHIROPRACTIC...

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS, AND RETIREES BY PAYING MONTHLY INSURANCE PREMIUMS TO INSURANCE CARRIERS (MEDICAL/DENTAL $36,002,515, CHIROPRACTIC CARE $48,638, MEDICARE PREMIUM REIMBURSEMENTS $571, LIFE INSURANCE $13,320, AND VISION $210,076).

Program 2

Expenses: $6,228,559

TO PROVIDE SELF-INSURED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS, AND RETIREES (DRUG $7,752,412, DRUG REBATES -$3,362,731 AND DENTAL $1,838,878).

Program 3

Expenses: $227,013

TO PAY FOR SELF-FUNDED BENEFIT ADMINISTRATIVE FEES.

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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 $49,006,256

Investment Income $1,053,521

Other Revenue $3,365,151

TOTAL REVENUE $53,424,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,730,692

Other Expenses $980,375

TOTAL EXPENSES $46,846,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,424,928	$51,283,049	+0.0%
Expenses	$46,846,785	$46,514,497	+0.0%
Net Income	$6,578,143	$4,768,552	+0.4%

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
KEVIN HOLU	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOELLE HUSSEY	UNION TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN REED	UNION TRUSTEE (ALT)	1.00	Director	$0	$0	$0
CHRIS UEOKA	UNION TRUSTEE (ALT)	1.00	Director	$0	$0	$0
ROBERT YU	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JENNY LEMAOTA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
EILEEN MORI-MISHINA	EMPLOYER TRUSTEE (ALT)	1.00	Director	$0	$0	$0
TAMARA ADDISON	EMPLOYER TRUSTEE (ALT)	1.00	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	No data	No data	No data	No data
2024	$53,424,928	$46,846,785	$44,747,086	$6,578,143
2023	$51,283,049	$47,607,298	$35,794,377	$3,675,751
2022	$49,365,368	$46,230,552	$29,614,494	$3,134,816
2021	$46,365,361	$43,879,190	$27,503,384	$2,486,171
2020	$46,672,497	$45,617,417	$25,250,488	$1,055,080
2019	$45,725,521	$43,227,213	$24,223,313	$2,498,308
2018	$42,494,864	$45,520,567	$21,726,384	$-3,025,703

TEAMSTERS HEALTH & WELFARE TRUST FUND