Teamsters Health & Welfare Fund of Philadelphia & Vicinity
501(c)(9)
Strong reserves Growing revenue
Teamsters Health & Welfare Fund of Philadelphia & Vicinity is a 501(c)(9) organization based in Pennsauken, New Jersey, registered in 1953, with $135,537,258 in FY2023 revenue.
2500 Mcclellan Ave Ste 140, Pennsauken, NJ, 08109 EIN 23-1392600 Since 1953
Revenue (FY2023)
$135.5M
▲ 12.0% vs prior year
Expenses (FY2023)
$121.1M
Net assets
$162.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Teamsters Health & Welfare Fund of Philadelphia & Vicinity— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Teamsters Health & Welfare Fund of Philadelphia & Vicinity: 16 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Teamsters Health & Welfare Fund of Philadelphia & Vicinity: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Teamsters Health & Welfare Fund of Philadelphia & Vicinity: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Funding arrangement for multiemployer welfare plan under the terms of a collective bargaining agreement.
Contact & location
- Address
- 2500 Mcclellan Ave Ste 140, Pennsauken, NJ, 08109
- City
- Pennsauken
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $107.5M (FY2013) to $135.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1MNet assets $162.1M
Operating margin
10.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$163.2M
Total liabilities
$1.1M
Net assets
$162.1M
Salaries & benefits
$43K
0% of expenses
Board members
6
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $135,537,258▲12.0% | $121,139,212▲3.1% | $162,062,730▲4.6% | $163,197,816▲4.8% | 990 |
| 2022 | $120,998,352▲4.0% | $117,541,170▲3.5% | $154,922,596▼14.7% | $155,739,909▼14.9% | 990 |
| 2021 | $116,293,511▲0.6% | $113,526,578▲8.5% | $181,526,803▲9.2% | $182,928,862▲9.1% | 990 |
| 2020 | $115,560,596▼6.0% | $104,599,749▼4.7% | $166,285,421▲18.3% | $167,699,550▲18.4% | 990 |
| 2019 | $122,969,093▲1.8% | $109,812,896▲1.0% | $140,508,719▲22.9% | $141,587,804▲19.7% | 990 |
| 2018 | $120,828,426▼2.6% | $108,685,487▲3.1% | $114,324,620▲0.5% | $118,286,508 | 990 |
| 2017 | $124,040,868▲5.7% | $105,438,988▼3.6% | $113,795,020▲26.2% | $118,296,640▲29.0% | 990 |
| 2016 | $117,302,004▼0.6% | $109,357,276▼5.9% | $90,149,613▲13.6% | $91,675,565▲13.2% | 990 |
| 2015 | $117,965,870▲2.5% | $116,163,877▲4.2% | $79,326,417▼4.7% | $81,003,386▼5.3% | 990 |
| 2014 | $115,052,184▲7.0% | $111,493,954▲7.5% | $83,214,265▼1.3% | $85,517,161▼0.3% | 990 |
| 2013 | $107,537,798 | $103,717,471▲1.5% | $84,343,637▲10.5% | $85,810,874▲11.1% | 990 |
| 2012 | — | $102,157,009▲7.9% | $76,361,813▲7.4% | $77,206,275▲8.1% | 990 |
| 2011 | — | $94,713,126▲0.5% | $71,129,287▲5.5% | $71,445,550▲5.2% | 990 |
| 2010 | — | $94,269,305 | $67,407,285 | $67,890,599 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: William J Einhorn — $12,000 (0.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William J Einhorn | Employer Trustee | 1 | $12,000 |
| Daniel Schmidt | Employer Trustee | 1 | — |
| Howard Wells | Union Trustee | 1 | — |
| Maria Scheeler | Administrator | 20 | — |
| Robert Bryan Jr | Union Trustee | 1 | — |
| William David Evans | Employer Trustee | 1 | — |
| William Hamilton | Union Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Administrative Service Professional | Admin Services | $3,797,000 |
| Horizon Healthcare Services Inc | Claims Administrator | $2,274,379 |
| Capital Rx | Administrative Fees | $705,957 |
| Guardian Nurses Healthcare Advocate | Healthcare Services | $453,370 |
| Total Care Network Inc | Healthcare Services | $383,179 |
Frequently asked questions
- Is Teamsters Health & Welfare Fund of Philadelphia & Vicinity a legitimate nonprofit?
- Yes. Teamsters Health & Welfare Fund of Philadelphia & Vicinity is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-1392600, based in Pennsauken, New Jersey.
- What is Teamsters Health & Welfare Fund of Philadelphia & Vicinity's EIN?
- Teamsters Health & Welfare Fund of Philadelphia & Vicinity's Employer Identification Number (EIN) is 23-1392600.
- How much revenue does Teamsters Health & Welfare Fund of Philadelphia & Vicinity report?
- Teamsters Health & Welfare Fund of Philadelphia & Vicinity reported $135,537,258 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Teamsters Health & Welfare Fund of Philadelphia & Vicinity's highest-paid employee make?
- The highest reported compensation on Teamsters Health & Welfare Fund of Philadelphia & Vicinity's latest Form 990 is $12,000, paid to William J Einhorn (Employer Trustee).
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Data for Teamsters Health & Welfare Fund of Philadelphia & Vicinity (EIN 23-1392600) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.