ZUnclassifiedEIN: 221668940· Ruling Year: 1964

Teamsters Local Union No 408 I B Of T Welfare Fund

Union, New Jersey

B+Health Score
68B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 22 peers in Unclassified with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.90×
Peer Median15.40×
💰
$3.9M
Total Revenue
📊
$4.2M
Total Expenses
🏦
$12.2M
Net Assets
📋
$494K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+26.9%
Year-over-year change (2022 → 2023)
Net Margin
-9.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.90
Net assets divided by total expenses
Liabilities-to-Assets
3.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,864,10227%$4,214,05012%$12,727,01310%
2022$3,044,75033%$3,758,69630%$11,594,17417%
2021$4,525,52827%$2,882,3354%$14,005,06914%
2020$3,574,55614%$3,009,59324%$12,265,2578%
2019$4,139,8207%$3,980,7231%$11,391,36910%
2018$4,434,6081%$3,958,760$10,377,6191%
2017$4,393,3622%$3,960,62120%$10,487,4077%
2016$4,304,25124%$3,311,35719%$9,803,30315%
2015$3,481,16821%$4,068,9491%$8,540,2544%
2014$4,409,379$4,016,19114%$8,864,5032%
2013$4,430,01712%$4,658,5757%$9,071,0361%
2012$5,030,59021%$4,373,59217%$9,022,65516%
2011$6,340,321$5,276,973$7,751,642

Frequently Asked Questions

What does Teamsters Local Union No 408 I B Of T Welfare Fund do?

Teamsters Local Union No 408 I B Of T Welfare Fund is a unclassified nonprofit organization based in New Jersey. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Teamsters Local Union No 408 I B Of T Welfare Fund financially healthy?

Based on our 9-metric Financial Health Score model, Teamsters Local Union No 408 I B Of T Welfare Fund has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Teamsters Local Union No 408 I B Of T Welfare Fund generate?

Teamsters Local Union No 408 I B Of T Welfare Fund reports $4.2M in annual revenue and holds $13.4M in total assets, based on IRS filings.

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