Civic Intelligence

Teamsters Multi-Benefit Trust

990 • Fiscal year 2023 • EIN 93-6231741

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 30, 2024

1200 Wilshire Blvd 5th FloorLos Angeles, CA 90017

(562) 463-5000

Siviq Scores

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

Liabilities / Assets

65th percentile

0.07x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.04x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Net Margin

31st percentile

-1.9%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2023

Asset Growth

31st percentile

-0.4%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

7.9%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$14,357,591

Down $52,334 (-0.4%) from 2022

Net Assets

Down

$13,312,256

Down $27,620 (-0.2%) from 2022

Liabilities

Down

$1,045,335

Down $24,714 (-2.3%) from 2022

Revenue

Up

$24,551,819

Up $1,788,407 (+7.9%) from 2022

Expenses

Up

$25,018,972

Up $1,879,831 (+8.1%) from 2022

Net Income

Down

-$467,153

Down $91,424 (-24%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $12,276,109Liabilities 2011: $358,760Net Assets 2011: $11,917,3492011Assets 2012: $13,235,261Liabilities 2012: $957,780Net Assets 2012: $12,277,4812012Assets 2013: $12,628,652Liabilities 2013: $1,519,177Net Assets 2013: $11,109,4752013Assets 2014: $12,452,848Liabilities 2014: $1,320,666Net Assets 2014: $11,132,1822014Assets 2015: $13,603,658Liabilities 2015: $1,405,906Net Assets 2015: $12,197,7522015Assets 2016: $13,572,933Liabilities 2016: $1,510,197Net Assets 2016: $12,062,7362016Assets 2017: $13,776,205Liabilities 2017: $1,593,177Net Assets 2017: $12,183,0282017Assets 2018: $13,826,424Liabilities 2018: $1,096,133Net Assets 2018: $12,730,2912018Assets 2019: $15,959,678Liabilities 2019: $1,765,538Net Assets 2019: $14,194,1402019Assets 2020: $15,493,334Liabilities 2020: $937,302Net Assets 2020: $14,556,0322020Assets 2021: $15,694,450Liabilities 2021: $1,058,328Net Assets 2021: $14,636,1222021Assets 2022: $14,409,925Liabilities 2022: $1,070,049Net Assets 2022: $13,339,8762022Assets 2023: $14,357,591Liabilities 2023: $1,045,335Net Assets 2023: $13,312,2562023Assets 2024: $12,766,195Liabilities 2024: $386,071Net Assets 2024: $12,380,1242024

Highlighted filing

2023

Assets$14,357,591
Liabilities$1,045,335
Net Assets$13,312,256

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $5,706,034Expenses 2011: $6,029,625Net Income 2011: -$323,5912011Revenue 2012: $26,840,625Expenses 2012: $26,520,719Net Income 2012: $319,9062012Revenue 2013: $33,426,060Expenses 2013: $34,044,521Net Income 2013: -$618,4612013Revenue 2014: $41,191,932Expenses 2014: $41,501,759Net Income 2014: -$309,8272014Revenue 2015: $27,435,728Expenses 2015: $26,450,885Net Income 2015: $984,8432015Revenue 2016: $26,614,724Expenses 2016: $26,766,912Net Income 2016: -$152,1882016Revenue 2017: $22,250,984Expenses 2017: $22,100,972Net Income 2017: $150,0122017Revenue 2018: $20,186,613Expenses 2018: $19,564,625Net Income 2018: $621,9882018Revenue 2019: $20,775,557Expenses 2019: $19,590,054Net Income 2019: $1,185,5032019Revenue 2020: $21,859,454Expenses 2020: $21,540,297Net Income 2020: $319,1572020Revenue 2021: $20,677,181Expenses 2021: $20,365,896Net Income 2021: $311,2852021Revenue 2022: $22,763,412Expenses 2022: $23,139,141Net Income 2022: -$375,7292022Revenue 2023: $24,551,819Expenses 2023: $25,018,972Net Income 2023: -$467,1532023Revenue 2024: $13,615,649Expenses 2024: $14,834,542Net Income 2024: -$1,218,8932024

Highlighted filing

2023

Revenue$24,551,819
Expenses$25,018,972
Net Income-$467,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 30, 2024
Return Version
2023v5.1
Gross Receipts
$24,551,819
Mission and Program Overview

Mission

The teamsters multi-benefit trust (the "plan") is a multiemployer welfare plan providing medical,dental, vision, chiropractice, counseling, legal, death and accidental death and dismemberment benefits to eligible active employees and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$13,339,876$13,312,256▼ $27,620
Investments in Publicly Traded Securities$8,563,989$10,563,581▲ $1,999,592
Savings and Temporary Cash Investments$3,466,168$2,051,761▼ $1,414,407
Cash and Non-Interest-Bearing Accounts$1,003,704$482,551▼ $521,153
Accounts Receivable$224,073$108,509▼ $115,564
Prepaid Expenses and Deferred Charges$11,991$11,189▼ $802
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,409,925$14,357,591▼ $52,334
Other Assets Total$1,140,000$1,140,000→ $0
Liabilities
Deferred Revenue$979,933$974,913▼ $5,020
Accounts Payable and Accrued Expenses$52,360$67,696▲ $15,336
Other Liabilities$37,756$2,726▼ $35,030
Total Liabilities$1,070,049$1,045,335▼ $24,714
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,339,876$13,312,256▼ $27,620
Total Liabilities and Net Assets / Fund Balance$14,409,925$14,357,591▼ $52,334

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,140,000--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Benefit Programs AdministrationContract Administrator1200 WILSHIRE BLVD 5TH FLOOR, Los Angeles, CA 90017$403,506
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,395,252
Investment Income
$156,567
Other Revenue
$0
Change in Net Assets
$-467,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,521,296
Revenue Not Reported on Financial Statements
$30,523
Revenue Not Reported on Form 990
$439,533
Total Revenue per Audited Statements
$24,960,829
Total Revenue per Form 990
$24,551,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$697,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$24,321,270
Fees for Services Management---$403,506
Office Expenses---$121,994
Fees for Service Investment Mgmnt Fees---$30,523
Fees for Services Legal---$26,874
Fees for Services Accounting---$25,650
Insurance---$7,986
Conferences and Meetings---$2,928
Other Expenses---$1,288
All Other Expenses---$485
Total Functional Expenses$0$0$0$25,018,972

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,023,479
Total Expenses per Audited Statements$25,023,479
Total Expenses per Form 990$25,018,972
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-4,507
Other Expense Adjustments$-35,030
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Premiums and Claims Payable (receivable)$2,726
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The Trustees have contracted with a third party administrator to perform the everyday administration of the fund.

Form 990, Part VI, Section B, line 11B

A copy of Form 990 was presented to the trustees for review and signatures.

Form 990, Part VI, Section B, line 12C

Trustees are required to notify the plan of any changes in their interests that could give rise to conflicts.

Form 990, Part VI, Section C, line 19

Summary Annual Reports are provided to all participants annually. SPDs and audited financial statements are available from the administrator upon request, as well as the DOL website.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Lourdes garcia - 450 carson plaza drive suite a, carson, ca 90746. Adriana salazar avila - 450 carson plaza drive suite a, carson, ca 90746. Melissa hailey - 13200 crossroads pkwy ste 450, city of industry, ca 91746.

Filing and Contact Details

Filer

Filer Name
Teamsters Multi-benefit Trust
EIN
93-6231741
Phone
5624635000
Address
1200 WILSHIRE BLVD 5TH FLOOR, LOS ANGELES, CA 90017

Signing Officer

Name
Lourdes Garcia
Title
Trustee
Phone
5624635000
Signed
2024-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lourdes Garcia
Formed
1974
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Henningfield & Associates Inc
Address
28296 Constellation Road, Valencia, CA 91355
Preparer
Randy D Henningfield
Phone
6612953363
Supplemental Narrative

Financial Statement Notes

Part XII, Line 4B - Other Adjustments:

Change in premiums and claims payable -35,030.

Raw XML Appendix355 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Trustees have contracted with a third party administrator to perform the everyday administration of the fund.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of Form 990 was presented to the trustees for review and signatures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Trustees are required to notify the plan of any changes in their interests that could give rise to conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Summary Annual Reports are provided to all participants annually. SPDs and audited financial statements are available from the administrator upon request, as well as the DOL website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOURDES GARCIA - 450 CARSON PLAZA DRIVE SUITE A, CARSON, CA 90746. ADRIANA SALAZAR AVILA - 450 CARSON PLAZA DRIVE SUITE A, CARSON, CA 90746. MELISSA HAILEY - 13200 CROSSROADS PKWY STE 450, CITY OF INDUSTRY, CA 91746.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0THIS INFORMATION IS AVAILABLE AT THE TRUST OFFICE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0THIS INFORMATION IS AVAILABLE AT THE TRUST OFFICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TEAMSTERS LOCAL UNION NO 572 RETIREMENT BP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THIS INFORMATION IS AVAILABE AT THE TRUST OFFICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0956983367
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PENSION BENEFIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01200 WILSHIRE BLVD 5TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090017
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014409925
IRS990/TotalAssetsEOYAmt014357591
IRS990/TotalAssetsGrp/BOYAmt014409925
IRS990/TotalAssetsGrp/EOYAmt014357591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt025018972
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01070049
IRS990/TotalLiabilitiesEOYAmt01045335
IRS990/TotalLiabilitiesGrp/BOYAmt01070049
IRS990/TotalLiabilitiesGrp/EOYAmt01045335
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013339876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013312256
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt025018972
IRS990/TotalProgramServiceRevenueAmt024395252
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0156567
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024395252
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt024551819
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014409925
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014357591
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0450 CARSON PLAZA DRIVE
IRS990/USAddress/CityNm0CARSON
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090746
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LOURDES GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05624635000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAMSTERS MULTI-BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0936231741
ReturnHeader/Filer/PhoneNum05624635000
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 WILSHIRE BLVD 5TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0542189926
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Henningfield & Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028296 Constellation Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Valencia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091355
ReturnHeader/PreparerPersonGrp/PhoneNum06612953363
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY D HENNINGFIELD
ReturnHeader/ReturnTs02024-08-07T12:50:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.39$12.4$13.6$14.8$1.22
2023Detailed filing. Detailed filing data is available for this year.$14.4$1.05$13.3$24.6$25.0$0.47
2022Detailed filing. Detailed filing data is available for this year.$14.4$1.07$13.3$22.8$23.1$0.38
2021Detailed filing. Detailed filing data is available for this year.$15.7$1.06$14.6$20.7$20.4$0.31
2020Detailed filing. Detailed filing data is available for this year.$15.5$0.94$14.6$21.9$21.5$0.32
2019Detailed filing. Detailed filing data is available for this year.$16.0$1.77$14.2$20.8$19.6$1.19
2018Detailed filing. Detailed filing data is available for this year.$13.8$1.10$12.7$20.2$19.6$0.62
2017Detailed filing. Detailed filing data is available for this year.$13.8$1.59$12.2$22.3$22.1$0.15
2016Detailed filing. Detailed filing data is available for this year.$13.6$1.51$12.1$26.6$26.8$0.15
2015Detailed filing. Detailed filing data is available for this year.$13.6$1.41$12.2$27.4$26.5$0.98
2014Detailed filing. Detailed filing data is available for this year.$12.5$1.32$11.1$41.2$41.5$0.31
2013Summary only. Only limited summary data is available for this year.$12.6$1.52$11.1$33.4$34.0$0.62
2012Summary only. Only limited summary data is available for this year.$13.2$0.96$12.3$26.8$26.5$0.32
2011Summary only. Only limited summary data is available for this year.$12.3$0.36$11.9$5.71$6.03$0.32