Teamsters Local 469 Welfare Fund
Teamsters Local 469 Welfare Fund: Stable Revenue, High Administrative Costs
EIN: 221552880 · Hazlet, NJ · Updated: 2026-04-04
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Teamsters Local 469 Welfare Fund is mapped to EIN 221552880.
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| Metric | Value |
|---|---|
| Total Revenue | $22.6M |
| Total Expenses | $12.0M |
| Net Assets | $18.7M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Teamsters Local 469 Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Teamsters Local 469 Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Teamsters Local 469 Welfare Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.1M and expenses of $12.0M.
Revenue and Expenses
Teamsters Local 469 Welfare Fund reported $14.1M in revenue and $12.0M in expenses, a surplus of $2.1M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Teamsters Local 469 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
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Across stored filings, Teamsters Local 469 Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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About Teamsters Local 469 Welfare Fund
Teamsters Local 469 Welfare Fund (EIN: 221552880) is a nonprofit organization based in Hazlet, NJ. The organization reported total revenue of $22.6M and total assets of $19.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teamsters Local 469 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teamsters Local 469 Welfare Fund is a large nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $12.0M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $19.1M |
| Total Liabilities | $392K |
| Net Assets | $18.7M |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Teamsters Local 469 Welfare Fund reported a surplus of $2.1M with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teamsters Local 469 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | -16.0% | +16.5% |
| 2022 | -0.7% | +4.7% | -6.4% |
| 2021 | +2.0% | +25.0% | +0.1% |
| 2020 | -7.4% | -22.2% | +15.3% |
| 2019 | +1.0% | +7.1% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Teamsters Local 469 Welfare Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Teamsters Local 469 Welfare Fund allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as all expenses are broadly categorized under administrative costs, making it impossible to assess specific individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Teamsters Local 469 Welfare Fund's IRS 990 filings:
- 100% of reported expenses are administrative, with no direct program or fundraising costs, which is highly unusual for a welfare fund.
- Lack of transparency regarding how the 'welfare' aspect of the fund is delivered or what specific benefits are provided to members.
- Consistent reporting of 0% for program and fundraising expenses across multiple years raises questions about the categorization of expenditures.
Strengths
The following positive indicators were identified for Teamsters Local 469 Welfare Fund:
- Consistent revenue generation over several years, indicating a stable funding base.
- Assets have shown growth in recent years, from $12,114,399 in 2016 to $19,073,434 in 2023.
Frequently Asked Questions about Teamsters Local 469 Welfare Fund
Is Teamsters Local 469 Welfare Fund a legitimate charity?
Teamsters Local 469 Welfare Fund (EIN: 221552880) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $22.6M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Teamsters Local 469 Welfare Fund spend its money?
Teamsters Local 469 Welfare Fund reported $22.6M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Teamsters Local 469 Welfare Fund tax-deductible?
Teamsters Local 469 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 221552880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Teamsters Local 469 Welfare Fund located?
Teamsters Local 469 Welfare Fund is headquartered in Hazlet, New Jersey and files with the IRS under EIN 221552880.
How many years of IRS 990 filings does Teamsters Local 469 Welfare Fund have?
Teamsters Local 469 Welfare Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22.6M in total revenue.
What does Teamsters Local 469 Welfare Fund do?
Teamsters Local 469 Welfare Fund is a nonprofit organization in the Unknown sector, located in Hazlet, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Teamsters Local 469 Welfare Fund have?
Teamsters Local 469 Welfare Fund reported total revenue of $22,645,896. Based on 13 IRS 990 filings on record.
What are Teamsters Local 469 Welfare Fund's total assets?
Teamsters Local 469 Welfare Fund holds total assets of $19,909,254 as reported in IRS 990 filings.
Where is Teamsters Local 469 Welfare Fund located?
Teamsters Local 469 Welfare Fund is based in Hazlet, New Jersey.
What is Teamsters Local 469 Welfare Fund's EIN?
Teamsters Local 469 Welfare Fund's Employer Identification Number (EIN) is 221552880. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Teamsters Local 469 Welfare Fund?
Teamsters Local 469 Welfare Fund is classified under NTEE code Unknown (Unknown).
Is Teamsters Local 469 Welfare Fund a registered 501(c)(3)?
Teamsters Local 469 Welfare Fund appears in IRS records (EIN: 221552880). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Teamsters Local 469 Welfare Fund file IRS Form 990?
Yes, Teamsters Local 469 Welfare Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Teamsters Local 469 Welfare Fund's revenue in 2023?
In the 202312 filing period, Teamsters Local 469 Welfare Fund reported total revenue of $14,083,490, total expenses of $11,989,730, and net assets of $19,073,434.
Is Teamsters Local 469 Welfare Fund's revenue growing or declining?
Teamsters Local 469 Welfare Fund's revenue is relatively stable. Revenue went from $13,611,592 (202212) to $14,083,490 (202312), a +3.5% change. Based on 13 filings on record.
What is Teamsters Local 469 Welfare Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Teamsters Local 469 Welfare Fund covers tax period 202312. It shows revenue of $14,083,490, expenses of $11,989,730, total assets of $19,073,434, and liabilities of $392,141.
Is Teamsters Local 469 Welfare Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Teamsters Local 469 Welfare Fund shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Teamsters Local 469 Welfare Fund?
The following concerns were identified: 100% of reported expenses are administrative, with no direct program or fundraising costs, which is highly unusual for a welfare fund.. Lack of transparency regarding how the 'welfare' aspect of the fund is delivered or what specific benefits are provided to members.. Consistent reporting of 0% for program and fundraising expenses across multiple years raises questions about the categorization of expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Teamsters Local 469 Welfare Fund's strengths?
Positive indicators for Teamsters Local 469 Welfare Fund include: Consistent revenue generation over several years, indicating a stable funding base.. Assets have shown growth in recent years, from $12,114,399 in 2016 to $19,073,434 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Teamsters Local 469 Welfare Fund compensate executives?
Executive compensation is not explicitly detailed in the provided data, as all expenses are broadly categorized under administrative costs, making it impossible to assess specific individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given that 100% of reported expenses are administrative, how does the Teamsters Local 469 Welfare Fund fulfill its mission to provide welfare benefits to its members?
The provided data categorizes all expenditures as administrative, with no explicit program expenses. This suggests that the 'welfare' aspect might be delivered through administrative functions, or the categorization of expenses is highly consolidated, lacking granular detail on direct benefit distribution.
Filing History
IRS 990 filing history for Teamsters Local 469 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teamsters Local 469 Welfare Fund's revenue has grown by 18.6%, moving from $11.9M to $14.1M. Total assets increased by 73.9% over the same period, from $11.0M to $19.1M. Total functional expenses rose by 8.1%, from $11.1M to $12.0M. In its most recent filing year (2023), Teamsters Local 469 Welfare Fund reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $392K in liabilities against $19.1M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $12.0M | $19.1M | $392K | — | — |
| 2022 | $13.6M | $14.3M | $16.4M | $142K | — | View 990 |
| 2021 | $13.7M | $13.6M | $17.5M | $100K | — | View 990 |
| 2020 | $13.4M | $10.9M | $17.5M | $146K | — | View 990 |
| 2019 | $14.5M | $14.0M | $15.2M | $541K | — | — |
| 2018 | $14.4M | $13.1M | $14.0M | $88K | — | View 990 |
| 2017 | $13.8M | $13.3M | $12.7M | $148K | — | View 990 |
| 2016 | $12.8M | $13.7M | $12.1M | $152K | — | View 990 |
| 2015 | $13.5M | $12.3M | $12.7M | $191K | — | View 990 |
| 2014 | $15.0M | $14.3M | $11.6M | $298K | — | View 990 |
| 2013 | $13.1M | $13.6M | $10.8M | $113K | — | View 990 |
| 2012 | $12.6M | $12.4M | $11.5M | $251K | — | View 990 |
| 2011 | $11.9M | $11.1M | $11.0M | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $12.0M, and assets of $19.1M (revenue +3.5% year-over-year).
- 2022: Revenue of $13.6M, expenses of $14.3M, and assets of $16.4M (revenue -0.7% year-over-year).
- 2021: Revenue of $13.7M, expenses of $13.6M, and assets of $17.5M (revenue +2.0% year-over-year).
- 2020: Revenue of $13.4M, expenses of $10.9M, and assets of $17.5M (revenue -7.4% year-over-year).
- 2019: Revenue of $14.5M, expenses of $14.0M, and assets of $15.2M (revenue +1.0% year-over-year).
- 2018: Revenue of $14.4M, expenses of $13.1M, and assets of $14.0M (revenue +4.4% year-over-year).
- 2017: Revenue of $13.8M, expenses of $13.3M, and assets of $12.7M (revenue +7.9% year-over-year).
- 2016: Revenue of $12.8M, expenses of $13.7M, and assets of $12.1M (revenue -5.7% year-over-year).
- 2015: Revenue of $13.5M, expenses of $12.3M, and assets of $12.7M (revenue -9.6% year-over-year).
- 2014: Revenue of $15.0M, expenses of $14.3M, and assets of $11.6M (revenue +14.0% year-over-year).
- 2013: Revenue of $13.1M, expenses of $13.6M, and assets of $10.8M (revenue +4.0% year-over-year).
- 2012: Revenue of $12.6M, expenses of $12.4M, and assets of $11.5M (revenue +6.5% year-over-year).
- 2011: Revenue of $11.9M, expenses of $11.1M, and assets of $11.0M.
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Explore detailed financial data from each IRS 990 filing year for Teamsters Local 469 Welfare Fund:
Data Sources and Methodology
This transparency report for Teamsters Local 469 Welfare Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.