Teamsters Local 97 Fund
Teamsters Local 97 Fund: Stable Revenue, Growing Assets, and High Program Spending
EIN: 222004832 · Clark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $28.6M |
| Total Expenses | $15.2M |
| Program Spending | 90% |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Teamsters Local 97 Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teamsters Local 97 Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teamsters Local 97 Fund
Teamsters Local 97 Fund (EIN: 222004832) is a nonprofit organization based in Clark, NJ. The organization reported total revenue of $28.6M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teamsters Local 97 Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teamsters Local 97 Fund is a large nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.0M |
| Total Expenses | $15.2M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $5.9M |
| Total Liabilities | $276K |
| Net Assets | $5.6M |
| Operating Margin | 10.4% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Teamsters Local 97 Fund reported a surplus of $1.8M with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teamsters Local 97 Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | -14.0% | +46.8% |
| 2022 | +1.0% | +4.4% | -3.3% |
| 2021 | +0.1% | +8.3% | +17.5% |
| 2020 | +1.9% | +0.0% | +84.8% |
| 2019 | +12.9% | +8.6% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 97 Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Teamsters Local 97 Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of 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.
Strengths
The following positive indicators were identified for Teamsters Local 97 Fund:
- Consistent high program spending, with expenses often exceeding revenue in some years, suggesting a strong commitment to beneficiaries.
- Significant growth in assets over the past five years, indicating sound financial management and increasing reserves.
- Stable revenue stream, demonstrating consistent support and operational capacity.
- Low liabilities relative to assets, suggesting a healthy financial position.
Frequently Asked Questions about Teamsters Local 97 Fund
Is Teamsters Local 97 Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Teamsters Local 97 Fund (EIN: 222004832) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Teamsters Local 97 Fund spend its money?
Teamsters Local 97 Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Teamsters Local 97 Fund tax-deductible?
Teamsters Local 97 Fund is registered as a tax-exempt nonprofit (EIN: 222004832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Teamsters Local 97 Fund's spending goes to programs?
Teamsters Local 97 Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Teamsters Local 97 Fund located?
Teamsters Local 97 Fund is headquartered in Clark, New Jersey and files with the IRS under EIN 222004832.
How many years of IRS 990 filings does Teamsters Local 97 Fund have?
Teamsters Local 97 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 $28.6M in total revenue.
What does Teamsters Local 97 Fund do?
Teamsters Local 97 Fund is a nonprofit organization in the Unknown sector, located in Clark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Teamsters Local 97 Fund have?
Teamsters Local 97 Fund reported total revenue of $28,594,680. Based on 13 IRS 990 filings on record.
What are Teamsters Local 97 Fund's total assets?
Teamsters Local 97 Fund holds total assets of $5,701,446 as reported in IRS 990 filings.
Where is Teamsters Local 97 Fund located?
Teamsters Local 97 Fund is based in Clark, New Jersey.
What is Teamsters Local 97 Fund's EIN?
Teamsters Local 97 Fund's Employer Identification Number (EIN) is 222004832. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Teamsters Local 97 Fund?
Teamsters Local 97 Fund is classified under NTEE code Unknown (Unknown).
Is Teamsters Local 97 Fund a registered 501(c)(3)?
Teamsters Local 97 Fund appears in IRS records (EIN: 222004832). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Teamsters Local 97 Fund file IRS Form 990?
Yes, Teamsters Local 97 Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Teamsters Local 97 Fund's revenue in 2023?
In the 202307 filing period, Teamsters Local 97 Fund reported total revenue of $16,998,514, total expenses of $15,227,117, and net assets of $5,862,077.
Is Teamsters Local 97 Fund's revenue growing or declining?
Teamsters Local 97 Fund's revenue is relatively stable. Revenue went from $17,678,835 (202207) to $16,998,514 (202307), a -3.8% change. Based on 13 filings on record.
What is Teamsters Local 97 Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Teamsters Local 97 Fund covers tax period 202307. It shows revenue of $16,998,514, expenses of $15,227,117, total assets of $5,862,077, and liabilities of $276,338.
How much does Teamsters Local 97 Fund spend on programs vs administration?
Based on IRS 990 analysis, Teamsters Local 97 Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Teamsters Local 97 Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Teamsters Local 97 Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Teamsters Local 97 Fund's strengths?
Positive indicators for Teamsters Local 97 Fund include: Consistent high program spending, with expenses often exceeding revenue in some years, suggesting a strong commitment to beneficiaries.. Significant growth in assets over the past five years, indicating sound financial management and increasing reserves.. Stable revenue stream, demonstrating consistent support and operational capacity.. Low liabilities relative to assets, suggesting a healthy financial position.. These findings are derived from AI analysis of the organization's financial filings.
How does Teamsters Local 97 Fund compensate executives?
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given that expenses (x) frequently exceed revenue (r) in several years (e.g., 2022: r$17,678,835, x$17,705,241; 2017: r$14,363,065, x$15,633,830), how is the organization sustaining its operations and growing its assets?
The organization is likely drawing from accumulated reserves or investment income not explicitly detailed in the 'r' (revenue) figure, as evidenced by the consistent growth in assets (a) despite some years where reported expenses exceed reported revenue. This suggests a robust financial strategy beyond annual operational income.
Filing History
IRS 990 filing history for Teamsters Local 97 Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teamsters Local 97 Fund's revenue has grown by 116.9%, moving from $7.8M to $17.0M. Total assets increased by 132% over the same period, from $2.5M to $5.9M. Total functional expenses rose by 100%, from $7.6M to $15.2M. In its most recent filing year (2023), Teamsters Local 97 Fund reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $276K in liabilities against $5.9M in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.0M | $15.2M | $5.9M | $276K | — | View 990 |
| 2022 | $17.7M | $17.7M | $4.0M | $179K | — | View 990 |
| 2021 | $17.5M | $17.0M | $4.1M | $175K | — | View 990 |
| 2020 | $17.5M | $15.7M | $3.5M | $182K | — | — |
| 2019 | $17.2M | $15.6M | $1.9M | $438K | — | View 990 |
| 2018 | $15.2M | $14.4M | $1.6M | $1.6M | — | View 990 |
| 2017 | $14.4M | $15.6M | $2.4M | $3.3M | — | View 990 |
| 2016 | $13.0M | $14.3M | $2.6M | $2.1M | — | View 990 |
| 2015 | $14.8M | $16.0M | $3.8M | $2.0M | — | View 990 |
| 2014 | $14.0M | $14.0M | $3.1M | $95K | — | View 990 |
| 2013 | $10.0M | $9.6M | $3.1M | $71K | — | View 990 |
| 2012 | $8.0M | $7.8M | $2.7M | $60K | — | View 990 |
| 2011 | $7.8M | $7.6M | $2.5M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.0M, expenses of $15.2M, and assets of $5.9M (revenue -3.8% year-over-year).
- 2022: Revenue of $17.7M, expenses of $17.7M, and assets of $4.0M (revenue +1.0% year-over-year).
- 2021: Revenue of $17.5M, expenses of $17.0M, and assets of $4.1M (revenue +0.1% year-over-year).
- 2020: Revenue of $17.5M, expenses of $15.7M, and assets of $3.5M (revenue +1.9% year-over-year).
- 2019: Revenue of $17.2M, expenses of $15.6M, and assets of $1.9M (revenue +12.9% year-over-year).
- 2018: Revenue of $15.2M, expenses of $14.4M, and assets of $1.6M (revenue +5.9% year-over-year).
- 2017: Revenue of $14.4M, expenses of $15.6M, and assets of $2.4M (revenue +10.2% year-over-year).
- 2016: Revenue of $13.0M, expenses of $14.3M, and assets of $2.6M (revenue -12.1% year-over-year).
- 2015: Revenue of $14.8M, expenses of $16.0M, and assets of $3.8M (revenue +5.7% year-over-year).
- 2014: Revenue of $14.0M, expenses of $14.0M, and assets of $3.1M (revenue +40.2% year-over-year).
- 2013: Revenue of $10.0M, expenses of $9.6M, and assets of $3.1M (revenue +25.7% year-over-year).
- 2012: Revenue of $8.0M, expenses of $7.8M, and assets of $2.7M (revenue +1.6% year-over-year).
- 2011: Revenue of $7.8M, expenses of $7.6M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teamsters Local 97 Fund:
Data Sources and Methodology
This transparency report for Teamsters Local 97 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.