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
| Metric | Value |
|---|---|
| Total Revenue | $49.9M |
| Total Expenses | $4.7M |
| Program Spending | 49% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $35.8M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Teamsters Welfare Fund Of Northern N J Local 723 Form 990, Revenue, CEO Pay, and IRS Filing Signals
Teamsters Welfare Fund Of Northern N J Local 723 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 Welfare Fund Of Northern N J Local 723 in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $9.0M and expenses of $4.7M.
Revenue and Expenses
Teamsters Welfare Fund Of Northern N J Local 723 reported $9.0M in revenue and $4.7M in expenses, a surplus of $4.3M.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Teamsters Welfare Fund Of Northern N J Local 723 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.3M (49%) |
Across stored filings, Teamsters Welfare Fund Of Northern N J Local 723 shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 49% to programs | Below Average |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Union, NJ nonprofitsFollow the Money
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Keep the Investigation Moving
Teamsters Welfare Fund Of Northern N J Local 723 directs 49% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
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.
Organization Overview
Teamsters Welfare Fund Of Northern N J Local 723 is a large nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $36.7M |
| Total Liabilities | $843K |
| Net Assets | $35.8M |
| Operating Margin | 47.8% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 93.8 months |
Financial Health Grade: A
In 2023, Teamsters Welfare Fund Of Northern N J Local 723 reported a surplus of $4.3M with revenue exceeding expenses, holds 93.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teamsters Welfare Fund Of Northern N J Local 723's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.4% | -6.5% | +24.9% |
| 2022 | -34.4% | +4.1% | -12.8% |
| 2021 | +0.3% | -25.8% | +11.5% |
| 2020 | -11.6% | +7.6% | +8.7% |
| 2019 | +2.7% | +5.7% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
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
Is Teamsters Welfare Fund Of Northern N J Local 723 a legitimate charity?
Teamsters Welfare Fund Of Northern N J Local 723 (EIN: 221736275) 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: $49.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Teamsters Welfare Fund Of Northern N J Local 723 spend its money?
Teamsters Welfare Fund Of Northern N J Local 723 directs 49% of its spending to programs and services. Fundraising costs 13%. This falls below the 65% benchmark.
Are donations to Teamsters Welfare Fund Of Northern N J Local 723 tax-deductible?
Teamsters Welfare Fund Of Northern N J Local 723 is registered as a tax-exempt nonprofit (EIN: 221736275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Teamsters Welfare Fund Of Northern N J Local 723 CEO make?
Teamsters Welfare Fund Of Northern N J Local 723's highest-compensated officer earns $0 annually. The organization reported $49.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Teamsters Welfare Fund Of Northern N J Local 723's spending goes to programs?
Teamsters Welfare Fund Of Northern N J Local 723 directs 49% to programs, 13% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Teamsters Welfare Fund Of Northern N J Local 723 located?
Teamsters Welfare Fund Of Northern N J Local 723 is headquartered in Union, New Jersey and files with the IRS under EIN 221736275.
How many years of IRS 990 filings does Teamsters Welfare Fund Of Northern N J Local 723 have?
Teamsters Welfare Fund Of Northern N J Local 723 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 $49.9M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teamsters Welfare Fund Of Northern N J Local 723:
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.