Civic Intelligence

Westchester Teamsters Municipal Employees Welfare Fund Local 456

990 • Fiscal year 2016 • EIN 13-6804536

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

160 South Central AvenueElmsford, NY 10523

(914) 592-9330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

0.80x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

90th percentile

38%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$258,805

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

61st percentile

6.0%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

42%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$17,759,771

Up $1,010,822 (+6.0%) from 2015

Net Assets

Up

$15,302,925

Up $1,033,243 (+7.2%) from 2015

Liabilities

Down

$2,456,846

Down $22,421 (-0.9%) from 2015

Revenue

Up

$3,082,776

Up $919,111 (+42%) from 2015

Expenses

Up

$1,898,492

Up $54,592 (+3.0%) from 2015

Net Income

Up

$1,184,284

Up $864,519 (+270%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $12,030,737Liabilities 2010: $1,730,831Net Assets 2010: $10,299,9062010Assets 2011: $12,283,996Liabilities 2011: $1,630,074Net Assets 2011: $10,653,9222011Assets 2012: $13,568,595Liabilities 2012: $1,782,303Net Assets 2012: $11,786,2922012Assets 2013: $15,872,083Liabilities 2013: $2,553,623Net Assets 2013: $13,318,4602013Assets 2014: $16,766,187Liabilities 2014: $2,480,730Net Assets 2014: $14,285,4572014Assets 2015: $16,748,949Liabilities 2015: $2,479,267Net Assets 2015: $14,269,6822015Assets 2016: $17,759,771Liabilities 2016: $2,456,846Net Assets 2016: $15,302,9252016Assets 2017: $19,826,534Liabilities 2017: $2,602,497Net Assets 2017: $17,224,0372017Assets 2018: $18,583,242Liabilities 2018: $2,775,125Net Assets 2018: $15,808,1172018Assets 2019: $22,284,192Liabilities 2019: $2,656,974Net Assets 2019: $19,627,2182019Assets 2020: $25,150,090Liabilities 2020: $2,572,383Net Assets 2020: $22,577,7072020Assets 2021: $28,573,775Liabilities 2021: $2,512,389Net Assets 2021: $26,061,3862021Assets 2022: $24,228,083Liabilities 2022: $2,172,358Net Assets 2022: $22,055,7252022Assets 2023: $26,905,012Liabilities 2023: $2,102,484Net Assets 2023: $24,802,5282023Assets 2024: $29,733,933Liabilities 2024: $3,229,813Net Assets 2024: $26,504,1202024

Highlighted filing

2016

Assets$17,759,771
Liabilities$2,456,846
Net Assets$15,302,925

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,784,8152010Expenses 2011: $1,475,4482011Revenue 2012: $2,033,955Expenses 2012: $1,902,587Net Income 2012: $131,3682012Revenue 2013: $3,352,098Expenses 2013: $2,633,985Net Income 2013: $718,1132013Revenue 2014: $2,380,838Expenses 2014: $1,923,457Net Income 2014: $457,3812014Revenue 2015: $2,163,665Expenses 2015: $1,843,900Net Income 2015: $319,7652015Revenue 2016: $3,082,776Expenses 2016: $1,898,492Net Income 2016: $1,184,2842016Revenue 2017: $2,462,408Expenses 2017: $2,123,726Net Income 2017: $338,6822017Revenue 2018: $5,453,391Expenses 2018: $2,330,962Net Income 2018: $3,122,4292018Revenue 2019: $2,894,173Expenses 2019: $2,110,672Net Income 2019: $783,5012019Revenue 2020: $2,515,000Expenses 2020: $1,614,297Net Income 2020: $900,7032020Revenue 2021: $3,752,402Expenses 2021: $2,001,837Net Income 2021: $1,750,5652021Revenue 2022: $3,985,835Expenses 2022: $1,811,306Net Income 2022: $2,174,5292022Revenue 2023: $2,795,973Expenses 2023: $2,347,796Net Income 2023: $448,1772023Revenue 2024: $1,912,104Expenses 2024: $3,535,807Net Income 2024: -$1,623,7032024

Highlighted filing

2016

Revenue$3,082,776
Expenses$1,898,492
Net Income$1,184,284
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$5,410,343
Mission and Program Overview

Mission

Welfare benefits to participants

To provide health and welfare benefits to participants and their eligible dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,590,904$17,524,590▲ $933,686
Rtn Earn Endowment Incm Other Fnds$14,269,682$15,302,925▲ $1,033,243
Cash and Non-Interest-Bearing Accounts$59,677$124,857▲ $65,180
Savings and Temporary Cash Investments$94,928$106,789▲ $11,861
Prepaid Expenses and Deferred Charges$3,440$3,535▲ $95
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$16,748,949$17,759,771▲ $1,010,822
Other Assets Total-$0-
Liabilities
Other Liabilities$2,467,687$2,450,403▼ $17,284
Accounts Payable and Accrued Expenses$11,580$6,443▼ $5,137
Total Liabilities$2,479,267$2,456,846▼ $22,421
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,269,682$15,302,925▲ $1,033,243
Total Liabilities and Net Assets / Fund Balance$16,748,949$17,759,771▲ $1,010,822

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$36,979$36,979
Other Land Buildings-$13,847$13,847
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bernadette KellyUnion Trustee$60,000$60,000
James Mcgrath Peekskill BlueTrustee$3,000$3,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Robert CohanLegal160 SOUTH CENTRAL AVE, Elmsford, NY 10523$115,425
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,776,719
Investment Income
$1,296,713
Other Revenue
$9,344
Change in Net Assets
$1,184,284

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,080,651
Revenue Not Reported on Financial Statements
$2,125
Revenue Not Reported on Form 990
$-151,041
Total Revenue per Audited Statements
$2,929,610
Total Revenue per Form 990
$3,082,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,691
Salaries, Compensation, and Employee Benefits$114,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,506,368
Other Salaries and Wages---$99,223
Fees for Services Legal---$94,110
Fees for Services Accounting---$50,070
Fees for Services Other---$45,600
Office Expenses---$40,873
Occupancy---$28,554
Information Technology---$12,383
Payroll Taxes---$7,993
Other Employee Benefits---$7,217
Insurance---$3,976
Fees for Service Investment Mgmnt Fees---$2,125
Total Functional Expenses$0$0$0$1,898,492

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,947,503
Total Expenses per Audited Statements$1,947,503
Total Expenses per Form 990$1,898,492
Expenses Not Reported on Financial Statements$-49,011
Other Expense Adjustments$-51,136
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Severence Benefits Payable$2,257,950
Benefits Payable$116,956
Due to Affiliated Funds - Net$75,497
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was sent to the trustees for review. Upon approval a waiver is signed authorizing the electronic submission of the form.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually at the board of trustee meeting.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Increases in compensation are approved by the board of trustees and are compared to industry standards.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Westchester Teamsters Municipal
EIN
13-6804536
Phone
9145929330
Address
160 SOUTH CENTRAL AVENUE, ELMSFORD, NY 10523

Signing Officer

Name
Louis a Picani
Title
Union Trustee
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
3
Employees
0

Preparer

Firm
Wagner & Zwerman LLP
Address
201 Old Country Road Ste 202, Melville, NY 11747-2731
Preparer
Andrew M Zwerman CPA
Phone
6317771000
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - THE PLAN SHARES OFFICE SPACE, PERSONNEL AND ADMINISTRATIVE EXPENSES WITH THE WESTCHESTER TEAMSTERS HEALTH AND WELFARE, PENSION, ANNUITY, LEGAL, EDUCATION AND TRAINING, AND JOINT LABOR MANAGEMENT FUNDS. THESE EXPENSES ARE PAID OUT OF A COMMON ADMINISTRATIVE CHECKING ACCOUNT CALLED THE WESTCHESTER TEAMSTERS ALLIED ACCOUNT AND ARE ALLOCATED TO THE FUNDS BASED UPON PERCENTAGES APPROVED BY THE BOARD OF TRUSTEES.

Financial Statement Notes

Part X : FIN48 Footnote

The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes that the Plan's returns for the years prior to the year ended December 31, 2013 are no longer subject to examination based on the normal statutory period for audits.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt02125
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013847
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0116956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt175497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22257950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATED FUNDS - NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SEVERENCE BENEFITS PAYABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02125
IRS990ScheduleD/RevenueSubtotalAmt03080651
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes that the Plan's returns for the years prior to the year ended December 31, 2013 are no longer subject to examination based on the normal statutory period for audits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt01898492
IRS990ScheduleD/TotalLiabilityAmt02450403
IRS990ScheduleD/TotalRevenuePerForm990Amt03082776
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02929610
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01947503
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt344543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09500
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW MACKLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DOMINICK CASSANELLI JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOSEPH SANSONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LOUIS A PICANI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ADMINISTRATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1UNION TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2UNION TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3UNION TRUSTEE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2234397
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - THE PLAN SHARES OFFICE SPACE, PERSONNEL AND ADMINISTRATIVE EXPENSES WITH THE WESTCHESTER TEAMSTERS HEALTH AND WELFARE, PENSION, ANNUITY, LEGAL, EDUCATION AND TRAINING, AND JOINT LABOR MANAGEMENT FUNDS. THESE EXPENSES ARE PAID OUT OF A COMMON ADMINISTRATIVE CHECKING ACCOUNT CALLED THE WESTCHESTER TEAMSTERS ALLIED ACCOUNT AND ARE ALLOCATED TO THE FUNDS BASED UPON PERCENTAGES APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS SENT TO THE TRUSTEES FOR REVIEW. UPON APPROVAL A WAIVER IS SIGNED AUTHORIZING THE ELECTRONIC SUBMISSION OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY AT THE BOARD OF TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INCREASES IN COMPENSATION ARE APPROVED BY THE BOARD OF TRUSTEES AND ARE COMPARED TO INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERNATIONAL BROTHERHOOD OF TEAMSTERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WESTCHESTER TEAMSTER HEALTH WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WESTCHESTER TEAMSTERS PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3TEAMSTERS LOCAL 456 ED & TRAIN FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4TEAMSTERS LOCAL 456 LEGAL SERVICES BEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5TEAMSTERS LOCAL 456 PAC FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6WESTCHESTER TEAMSTERS ANNUITY FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7LOCAL 456 -CIC -BCA LABOR MANAGMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131739753
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1136123972
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2136123973
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3133217233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4133133262
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5134135385

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.7$3.23$26.5$1.91$3.54$1.62
2023Detailed filing. Detailed filing data is available for this year.$26.9$2.10$24.8$2.80$2.35$0.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$2.17$22.1$3.99$1.81$2.17
2021Detailed filing. Detailed filing data is available for this year.$28.6$2.51$26.1$3.75$2.00$1.75
2020Detailed filing. Detailed filing data is available for this year.$25.2$2.57$22.6$2.52$1.61$0.90
2019Detailed filing. Detailed filing data is available for this year.$22.3$2.66$19.6$2.89$2.11$0.78
2018Detailed filing. Detailed filing data is available for this year.$18.6$2.78$15.8$5.45$2.33$3.12
2017Detailed filing. Detailed filing data is available for this year.$19.8$2.60$17.2$2.46$2.12$0.34
2016Detailed filing. Detailed filing data is available for this year.$17.8$2.46$15.3$3.08$1.90$1.18
2015Detailed filing. Detailed filing data is available for this year.$16.7$2.48$14.3$2.16$1.84$0.32
2014Detailed filing. Detailed filing data is available for this year.$16.8$2.48$14.3$2.38$1.92$0.46
2013Detailed filing. Detailed filing data is available for this year.$15.9$2.55$13.3$3.35$2.63$0.72
2012Summary only. Only limited summary data is available for this year.$13.6$1.78$11.8$2.03$1.90$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.63$10.7$1.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$1.73$10.3$1.78