Teamsters Welfare Fund of Northern N J Local 723
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Teamsters Welfare Fund of Northern N J Local 723 is a 501(c)(9) organization based in Union, New Jersey, registered in 1964, with $11,220,788 in FY2024 revenue. CharityIndex grades it C+.
714 Rahway Ave Ste 2 Ste 3, Union, NJ, 07083 EIN 22-1736275 Since 1964
Revenue (FY2024)
$11.2M
▲ 24.8% vs prior year
Expenses (FY2024)
$4.9M
Net assets
$44.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Welfare Fund of Northern N J Local 723— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating107 mo reserves · +56% 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 Welfare Fund of Northern N J Local 723: 107 mo reserves · +56% margin earns a B+ 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 Welfare Fund of Northern N J Local 723— 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 Welfare Fund of Northern N J Local 723: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 714 Rahway Ave Ste 2 Ste 3, Union, NJ, 07083
- City
- Union
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $5.1M (FY2013) to $11.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $682KNet assets $44.0M
Operating margin
56.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$44.6M
Total liabilities
$682K
Net assets
$44.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,220,788▲24.8% | $4,937,376▲5.3% | $43,958,518▲22.7% | $44,640,795▲21.8% | 990 |
| 2023 | $8,988,801▲101% | $4,688,868▼6.5% | $35,815,391▲25.5% | $36,658,132▲24.9% | 990 |
| 2022 | $4,462,596▼34.4% | $5,017,392▲4.1% | $28,534,702▼12.8% | $29,342,985▼12.8% | 990 |
| 2021 | $6,802,715▲0.3% | $4,819,384▼25.8% | $32,722,950▲12.5% | $33,664,497▲11.5% | 990 |
| 2020 | $6,780,127▼11.6% | $6,491,905▲7.6% | $29,089,044▲8.0% | $30,195,790▲8.7% | 990 |
| 2019 | $7,668,287▲2.7% | $6,034,912▲5.7% | $26,944,266▲16.3% | $27,785,869▲14.2% | 990 |
| 2018 | $7,465,054▲9.8% | $5,711,428▲35.2% | $23,176,986▲5.0% | $24,324,686▲6.3% | 990 |
| 2017 | $6,796,825▲6.6% | $4,225,298▼17.1% | $22,081,979▲19.0% | $22,886,423▲17.7% | 990 |
| 2016 | $6,373,822▲15.0% | $5,099,077▲43.2% | $18,561,454▲8.7% | $19,449,157▲8.4% | 990 |
| 2015 | $5,543,995▲5.4% | $3,561,801▼30.8% | $17,083,341▲14.4% | $17,934,439▲11.0% | 990 |
| 2014 | $5,260,767▲3.1% | $5,148,683▲11.9% | $14,927,120▲1.4% | $16,158,467▲2.5% | 990 |
| 2013 | $5,100,322 | $4,601,835▲13.9% | $14,718,622▲7.2% | $15,764,136▲9.8% | 990 |
| 2012 | — | $4,041,922▲11.0% | $13,725,860▲8.1% | $14,362,226▲7.6% | 990 |
| 2011 | — | $3,640,784 | $12,694,573 | $13,347,931 | 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 Welfare Fund of Northern N J Local 723 a legitimate nonprofit?
- Yes. Teamsters Welfare Fund of Northern N J Local 723 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-1736275, based in Union, New Jersey.
- What is Teamsters Welfare Fund of Northern N J Local 723's EIN?
- Teamsters Welfare Fund of Northern N J Local 723's Employer Identification Number (EIN) is 22-1736275.
- How much revenue does Teamsters Welfare Fund of Northern N J Local 723 report?
- Teamsters Welfare Fund of Northern N J Local 723 reported $11,220,788 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Teamsters Welfare Fund of Northern N J Local 723 have?
- CharityIndex grades Teamsters Welfare Fund of Northern N J Local 723 C+, based on financial health (reserves and operating margin).
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Data for Teamsters Welfare Fund of Northern N J Local 723 (EIN 22-1736275) 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.