Teamsters Welfare Fund Of Northern N J Local 723
Teamsters Welfare Fund: Strong Assets, Volatile Revenue, and High Administrative Costs
EIN: 221736275 · Union, NJ · Updated: 2026-04-04
About Teamsters Welfare Fund Of Northern N J Local 723
Teamsters Welfare Fund Of Northern N J Local 723 (EIN: 221736275) is a nonprofit organization based in Union, NJ. The organization reported total revenue of $49.9M and total assets of $44.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teamsters Welfare Fund Of Northern N J Local 723's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Teamsters Welfare Fund Of Northern N J Local 723 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: 38%
- programs: 49%
- fundraising: 13%
According to IRS 990 filings, Teamsters Welfare Fund Of Northern N J Local 723 allocates its expenses as follows: admin: 38%, programs: 49%, fundraising: 13%. Only 49% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests compensation may be structured in a way that is not directly reported as 'compensation' on standard forms, requiring deeper scrutiny.
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 Welfare Fund Of Northern N J Local 723's IRS 990 filings:
- The reported $0 executive compensation is a significant red flag, as it's improbable that an organization with $49,934,549 in revenue operates without compensated leadership.
- Administrative expenses are consistently high, representing a substantial portion of total expenses (e.g., $4,688,868 in 2023 out of $8,988,801 total expenses, or 52%).
- Revenue has been highly volatile, with a significant jump from $4,462,596 in 2022 to $49,934,549 in 2023, which requires clarification on the nature of this increase.
Strengths
The following positive indicators were identified for Teamsters Welfare Fund Of Northern N J Local 723:
- The organization maintains a very strong asset base, growing from $19,449,157 in 2016 to $44,640,795 in 2023, indicating financial stability.
- Despite revenue fluctuations, the organization has consistently maintained a positive net asset position.
- The fund appears to be effectively managing its liabilities, which have remained relatively stable and low compared to assets (e.g., $842,741 in 2023).
Frequently Asked Questions about Teamsters Welfare Fund Of Northern N J Local 723
What does Teamsters Welfare Fund Of Northern N J Local 723 do?
Teamsters Welfare Fund Of Northern N J Local 723 is a nonprofit organization in the Unknown sector, located in Union, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Teamsters Welfare Fund Of Northern N J Local 723 have?
Teamsters Welfare Fund Of Northern N J Local 723 reported total revenue of $49,934,549. Based on 13 IRS 990 filings on record.
What are Teamsters Welfare Fund Of Northern N J Local 723's total assets?
Teamsters Welfare Fund Of Northern N J Local 723 holds total assets of $44,640,795 as reported in IRS 990 filings.
Where is Teamsters Welfare Fund Of Northern N J Local 723 located?
Teamsters Welfare Fund Of Northern N J Local 723 is 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 221736275. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Teamsters Welfare Fund Of Northern N J Local 723?
Teamsters Welfare Fund Of Northern N J Local 723 is classified under NTEE code Unknown (Unknown).
Is Teamsters Welfare Fund Of Northern N J Local 723 a registered 501(c)(3)?
Teamsters Welfare Fund Of Northern N J Local 723 appears in IRS records (EIN: 221736275). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Teamsters Welfare Fund Of Northern N J Local 723 file IRS Form 990?
Yes, Teamsters Welfare Fund Of Northern N J Local 723 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Teamsters Welfare Fund Of Northern N J Local 723's revenue in 2023?
In the 202312 filing period, Teamsters Welfare Fund Of Northern N J Local 723 reported total revenue of $8,988,801, total expenses of $4,688,868, and net assets of $36,658,132.
Is Teamsters Welfare Fund Of Northern N J Local 723's revenue growing or declining?
Teamsters Welfare Fund Of Northern N J Local 723's revenue is growing. Revenue went from $4,462,596 (202212) to $8,988,801 (202312), a +101.4% change. Based on 13 filings on record.
What is Teamsters Welfare Fund Of Northern N J Local 723's most recent 990 filing?
The most recent IRS Form 990 filing for Teamsters Welfare Fund Of Northern N J Local 723 covers tax period 202312. It shows revenue of $8,988,801, expenses of $4,688,868, total assets of $36,658,132, and liabilities of $842,741.
How much does Teamsters Welfare Fund Of Northern N J Local 723 spend on programs vs administration?
Based on IRS 990 analysis, Teamsters Welfare Fund Of Northern N J Local 723 allocates approximately 49% of expenses to program services, 38% to administrative costs, and 13% to fundraising. Overhead costs appear high relative to program spending.
Is Teamsters Welfare Fund Of Northern N J Local 723 a trustworthy charity?
Based on AI analysis of IRS 990 data, Teamsters Welfare Fund Of Northern N J Local 723 shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Teamsters Welfare Fund Of Northern N J Local 723?
The following concerns were identified: The reported $0 executive compensation is a significant red flag, as it's improbable that an organization with $49,934,549 in revenue operates without compensated leadership.. Administrative expenses are consistently high, representing a substantial portion of total expenses (e.g., $4,688,868 in 2023 out of $8,988,801 total expenses, or 52%).. Revenue has been highly volatile, with a significant jump from $4,462,596 in 2022 to $49,934,549 in 2023, which requires clarification on the nature of this increase.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Teamsters Welfare Fund Of Northern N J Local 723's strengths?
Positive indicators for Teamsters Welfare Fund Of Northern N J Local 723 include: The organization maintains a very strong asset base, growing from $19,449,157 in 2016 to $44,640,795 in 2023, indicating financial stability.. Despite revenue fluctuations, the organization has consistently maintained a positive net asset position.. The fund appears to be effectively managing its liabilities, which have remained relatively stable and low compared to assets (e.g., $842,741 in 2023).. These findings are derived from AI analysis of the organization's financial filings.
How does Teamsters Welfare Fund Of Northern N J Local 723 compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests compensation may be structured in a way that is not directly reported as 'compensation' on standard forms, requiring deeper scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the specific nature of the dramatic revenue increase from $4,462,596 in 2022 to $49,934,549 in 2023, and how does this impact the fund's long-term financial strategy?
The significant revenue spike in 2023 suggests a one-time event or a change in reporting, such as a large investment gain, a major settlement, or a change in funding structure. Understanding the source is crucial for assessing the sustainability of this revenue level and its implications for future program funding and administrative needs.
Given the reported $0 executive compensation, how are the key leadership roles compensated, and what is the total cost associated with their leadership to the organization?
The consistent reporting of $0 for executive compensation is highly unusual. It's imperative to understand if compensation is paid through related entities, deferred, or if leadership is entirely volunteer-based. This information is critical for a complete picture of administrative efficiency and governance.
Filing History
IRS 990 filing history for Teamsters Welfare Fund Of Northern N J Local 723 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teamsters Welfare Fund Of Northern N J Local 723's revenue has grown by 100.1%, moving from $4.5M to $9.0M. Total assets increased by 174.6% over the same period, from $13.3M to $36.7M. Total functional expenses rose by 28.8%, from $3.6M to $4.7M. In its most recent filing year (2023), Teamsters Welfare Fund Of Northern N J Local 723 reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $843K in liabilities against $36.7M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $35.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $4.7M | $36.7M | $843K | — | — |
| 2022 | $4.5M | $5.0M | $29.3M | $808K | — | View 990 |
| 2021 | $6.8M | $4.8M | $33.7M | $942K | — | View 990 |
| 2020 | $6.8M | $6.5M | $30.2M | $1.1M | — | — |
| 2019 | $7.7M | $6.0M | $27.8M | $842K | — | View 990 |
| 2018 | $7.5M | $5.7M | $24.3M | $1.1M | — | View 990 |
| 2017 | $6.8M | $4.2M | $22.9M | $804K | — | — |
| 2016 | $6.4M | $5.1M | $19.4M | $888K | — | View 990 |
| 2015 | $5.5M | $3.6M | $17.9M | $851K | — | View 990 |
| 2014 | $5.3M | $5.1M | $16.2M | $1.2M | — | View 990 |
| 2013 | $5.1M | $4.6M | $15.8M | $1.0M | — | View 990 |
| 2012 | $4.8M | $4.0M | $14.4M | $636K | — | View 990 |
| 2011 | $4.5M | $3.6M | $13.3M | $653K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $4.7M, and assets of $36.7M (revenue +101.4% year-over-year).
- 2022: Revenue of $4.5M, expenses of $5.0M, and assets of $29.3M (revenue -34.4% year-over-year).
- 2021: Revenue of $6.8M, expenses of $4.8M, and assets of $33.7M (revenue +0.3% year-over-year).
- 2020: Revenue of $6.8M, expenses of $6.5M, and assets of $30.2M (revenue -11.6% year-over-year).
- 2019: Revenue of $7.7M, expenses of $6.0M, and assets of $27.8M (revenue +2.7% year-over-year).
- 2018: Revenue of $7.5M, expenses of $5.7M, and assets of $24.3M (revenue +9.8% year-over-year).
- 2017: Revenue of $6.8M, expenses of $4.2M, and assets of $22.9M (revenue +6.6% year-over-year).
- 2016: Revenue of $6.4M, expenses of $5.1M, and assets of $19.4M (revenue +15.0% year-over-year).
- 2015: Revenue of $5.5M, expenses of $3.6M, and assets of $17.9M (revenue +5.4% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.1M, and assets of $16.2M (revenue +3.1% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.6M, and assets of $15.8M (revenue +5.4% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.0M, and assets of $14.4M (revenue +7.7% year-over-year).
- 2011: Revenue of $4.5M, expenses of $3.6M, and assets of $13.3M.
Data Sources and Methodology
This transparency report for Teamsters Welfare Fund Of Northern N J Local 723 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.