United Teamster Fund
Nonprofit profile at a glance
- EIN
- 135549593
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7188591624
- Rating confidence
- Limited
Reported finances
- Revenue
- $54,556,788
- Expenses
- $47,896,116
- Assets
- $24,092,201
- Liabilities
- $8,770,466
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- DANIEL KANE JR (TRUSTEE): $221,092 total reported compensation
- MICHAEL J HAFT (CONTROLLER): $184,602 total reported compensation
- CHARLES MACHADIO (TRUSTEE): $182,829 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health and welfare benefits to eligible union members and their dependents.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 45
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.2%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 6 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $221K · 11 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.5M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.