ZUnclassifiedEIN: 226220289· Ruling Year: 1974

Teamster Local 641-welfare Fund

Union, New Jersey

A-Health Score
84A-

Financial Health Score

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

Very Good

How This Organization Compares

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

Working Capital Ratio (net assets ÷ expenses)

This Org2.80×
Peer Median15.40×
💰
$11.7M
Total Revenue
📊
$11.3M
Total Expenses
🏦
$31.6M
Net Assets
📋
$831K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-15.8%
Year-over-year change (2022 → 2023)
Net Margin
+3.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.80
Net assets divided by total expenses
Liabilities-to-Assets
2.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$11,718,50316%$11,285,19618%$32,469,04111%
2022$13,921,25429%$13,764,07125%$36,462,8914%
2021$10,801,6924%$10,976,9527%$38,115,9978%
2020$11,292,63017%$10,272,66331%$35,398,3686%
2019$9,684,3067%$7,822,89810%$33,547,8098%
2018$10,378,4815%$7,110,27624%$31,145,38313%
2017$9,837,9446%$9,297,8067%$27,527,74410%
2016$9,292,437$8,704,732$24,986,7663%
2015$9,267,3683%$8,698,70513%$25,652,0854%
2014$8,998,3483%$7,707,7446%$24,578,91810%
2013$8,752,1812%$8,198,1391%$22,415,9888%
2012$8,914,838$8,259,4561%$20,808,7734%
2011$8,901,836$8,181,296$20,047,303

Frequently Asked Questions

What does Teamster Local 641-welfare Fund do?

Teamster Local 641-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 Teamster Local 641-welfare Fund financially healthy?

Based on our 9-metric Financial Health Score model, Teamster Local 641-welfare Fund has a score of 84/100 (Grade: A-). 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 Teamster Local 641-welfare Fund generate?

Teamster Local 641-welfare Fund reports $5.3M in annual revenue and holds $28.4M in total assets, based on IRS filings.

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