INTERNATIONAL BROTHERHOOD OF TEAMS… - Form 990 Financial Data

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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

1933

Legal Domicile

Principal Officer

Mr George Belanger

Phone

5089931505

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL NO 59, founded in 1933, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 4% surplus.

Mission

Allows the organization to negotiate contracts, arbitrate cases and conduct all other necessary activities to ensure proper working conditions and economic advantages for the membership and to carry on organizing activities to attract new members.

Program Service Accomplishments

Program 1

To allow the Organization to negotiate contracts, arbitrate cases and conduct all other necessary activities to ensure proper working conditions and economic advantages for the membership and to...

To allow the Organization to negotiate contracts, arbitrate cases and conduct all other necessary activities to ensure proper working conditions and economic advantages for the membership and to carry on organizing activities to attract new members.

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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 $1,433,194

Investment Income $18,262

Other Revenue $14,814

TOTAL REVENUE $1,466,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $723,945

Fundraising Expenses $0

Program Expenses $0

Other Expenses $680,233

TOTAL EXPENSES $1,404,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,466,270	$1,385,445	+0.1%
Expenses	$1,404,178	$1,285,906	+0.1%
Net Income	$62,092	$99,539	-0.4%

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

$456,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Belanger	Secretary-Treasurer & Business Agent	40	Officer	$138,976	$63,243	$240,283
Jeffrey Sharp	President & Business Agent	40	Officer	$128,206	$62,597	$190,803
Manuel Amaral	Vice-President	4	Officer	$5,811	$0	$5,811
Jeremy Fontes	Recording-Secretary	4	Officer	$5,314	$0	$5,314
Donald Drew	Trustee	3	Officer	$4,611	$0	$4,611
Kathy Knapp	Trustee	3	Officer	$4,611	$0	$4,611
Kelvin Sims	Trustee	3	Officer	$3,911	$0	$3,911
Shad Soares	Trustee	3	Officer	$700	$0	$700

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	$1,466,270	$1,404,178	$1,500,060	$62,092
2022	$1,385,445	$1,285,906	$1,436,711	$99,539
2021	$1,326,224	$1,270,138	$1,337,520	$56,086
2020	$1,286,459	$1,209,776	$1,280,708	$76,683

INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL NO 59