Teamsters Local Union 348 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Teamsters Local Union 348 Health & Welfare Fund is a 501(c)(9) organization based in Akron, Ohio, registered in 1967, with $10,001,727 in FY2024 revenue. CharityIndex grades it C+.
272 W Market St, Akron, OH, 44303 EIN 34-6564615 Since 1967
Revenue (FY2024)
$10.0M
▲ 0.7% vs prior year
Expenses (FY2024)
$7.8M
Net assets
$14.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Local Union 348 Health & Welfare Fund— 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 rating23 mo reserves · +22% 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 Local Union 348 Health & Welfare Fund: 23 mo reserves · +22% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Teamsters Local Union 348 Health & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Local Union 348 Health & Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $8.0M (FY2017) to $10.0M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2,982Net assets $14.9M
Operating margin
21.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.9M
Total liabilities
$2,982
Net assets
$14.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,001,727▲0.7% | $7,843,608▲8.3% | $14,930,787▲17.6% | $14,933,769▲17.6% | 990 |
| 2023 | $9,927,553▲5.0% | $7,242,239▼0.3% | $12,694,518▲28.6% | $12,695,648▲28.5% | 990 |
| 2022 | $9,456,974▲6.6% | $7,261,488▲1.9% | $9,875,145▲27.2% | $9,877,848▲27.2% | 990 |
| 2021 | $8,867,898▲8.9% | $7,126,135▲7.4% | $7,764,975▲28.7% | $7,766,421▲28.7% | 990 |
| 2020 | $8,141,876▲6.9% | $6,633,828▲3.0% | $6,034,851▲33.3% | $6,036,114▲33.3% | 990 |
| 2019 | $7,616,192▲4.5% | $6,441,482▲0.6% | $4,527,393▲35.3% | $4,529,180▲35.0% | 990 |
| 2018 | $7,288,930▼9.1% | $6,403,596▼11.8% | $3,345,908▲36.0% | $3,354,709▲35.8% | 990 |
| 2017 | $8,021,885 | $7,258,747 | $2,460,574 | $2,470,130 | 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.
Frequently asked questions
- Is Teamsters Local Union 348 Health & Welfare Fund a legitimate nonprofit?
- Yes. Teamsters Local Union 348 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 34-6564615, based in Akron, Ohio.
- What is Teamsters Local Union 348 Health & Welfare Fund's EIN?
- Teamsters Local Union 348 Health & Welfare Fund's Employer Identification Number (EIN) is 34-6564615.
- How much revenue does Teamsters Local Union 348 Health & Welfare Fund report?
- Teamsters Local Union 348 Health & Welfare Fund reported $10,001,727 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Teamsters Local Union 348 Health & Welfare Fund have?
- CharityIndex grades Teamsters Local Union 348 Health & Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Teamsters Local Union 348 Health & Welfare Fund (EIN 34-6564615) 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.