TEAMSTERS LOCAL UNION NO 3 (EIN 041106557) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1896

Legal Domicile

Principal Officer

KEVIN TOOMEY

Phone

6173287705

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS LOCAL UNION NO 3, founded in 1896, is a small nonprofit that reported $526K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

THE OBJECTIVE OF THE UNION IS TO CHERISH, PROTECT, AND PROMULGATE THE INTEREST AND RIGHTS OF WORKERS, TO UNITE MORE CLOSELY MEMBERS OF THEIR CALLING; TO ENABLE EFFICIENT WORKERS TO OBTAIN WAGES PROPORTIONATE TO THEIR LABOR; TO ENABLE EMPLOYERS TO OBTAIN THE BEST WORKERS; TO CULTIVATE AND IMPROVE THE SOCIAL TIES EXISTING BETWEEN MEMBERS OF THEIR CRAFT; TO ABOLISH INJURIOUS PRIVILEDGES TO ELEVATE THE STANDING OF THEIR CRAFT; AND TO BRING ALL UNDER CONSTRAINT OF WHOLESOME DUTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $472,065

Investment Income $26,217

Other Revenue $27,845

TOTAL REVENUE $526,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,510

Fundraising Expenses $0

Other Expenses $217,580

TOTAL EXPENSES $571,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,127	$743,960	-0.3%
Expenses	$571,302	$668,810	-0.1%
Net Income	$-45,175	$75,150	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$158,669

Total Directors

$161,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN SULLIVAN	PRESIDENT/BA	40.00	Officer Director	$100,060	$0	$100,060
KEVIN TOOMEY	SECRETARY TR	24.00	Officer Director	$52,742	$0	$52,742
MARY WHITE	BUSINESS AGE	40.00		$22,066	$0	$22,066
KEITH SAVAGE	VICE PRESIDE	1.00	Officer Director	$3,767	$0	$3,767
JAMES GALLAGHER	RECORDING SE	1.00	Officer Director	$2,100	$0	$2,100
MICHAEL CALLAGHAN	TRUSTEE	1.00	Director	$837	$0	$837
SEAN O'CONNOR	TRUSTEE	1.00	Director	$837	$0	$837
KERRY CLARK	TRUSTEE	1.00	Director	$821	$0	$821

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$526,127	$571,302	$764,202	$-45,175
2022	$743,960	$668,810	$945,243	$75,150
2021	$615,605	$719,605	$899,735	$-104,000
2020	$660,747	$647,587	$999,017	$13,160
2019	$605,505	$614,931	$999,907	$-9,426
2018	$614,205	$650,362	$1,051,107	$-36,157

TEAMSTERS LOCAL UNION NO 3