GENERAL TEAMSTERS LOCAL UNION 251 (EIN 050161170) - 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

1933

Legal Domicile

Principal Officer

MATTHEW TAIBI

Phone

4014340454

Tax Period

2024-01-01 to 2024-12-31

GENERAL TEAMSTERS LOCAL UNION 251, founded in 1933, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024.

Mission

TO UNITE INTO ONE LABOR ORGANIZATION ALL WORKERS ELIGIBLE FOR MEMBERSHIP, REGARDLESS OF RELIGION, RACE, CREED, COLOR, NATIONAL ORIGIN, AGE, PHYSICAL DISABILITY OR SEX; TO ENGAGE IN ORGANIZING WORKERS TO PROVIDE THE BENEFIT OF UNIONISM TO ALL WORKERS AND TO PROTECT AND PRESERVE THE BENEFITS OBTAINED FOR MEMBERS OF THIS ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,617,572

Investment Income $24,567

Other Revenue $40,000

TOTAL REVENUE $5,682,139

Expense Breakdown

Grants Paid $75,745

Salaries & Benefits $3,485,424

Fundraising Expenses $0

Other Expenses $2,209,359

TOTAL EXPENSES $5,770,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,682,139	$5,728,286	0.0%
Expenses	$5,770,528	$5,836,010	0.0%
Net Income	$-88,389	$-107,724	-0.2%

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

$1,303,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY DA SILVA	RECORDING SECRETARY	40.00	Officer	$129,627	$59,589	$189,216
MATTHEW TAIBI	SECRETARY TREASURER	40.00	Officer	$144,112	$68,377	$212,489
PAUL SANTOS	PRESIDENT	40.00	Officer	$138,011	$68,377	$206,388
TONY SUAZO	VICE PRESIDENT	40.00	Officer	$132,679	$68,377	$201,056
DECIO GOULART	VICE PRESIDENT	10.00	Officer	$16,845	$0	$16,845
BROOKE REEVES	BUSINESS AGENT	40.00	Officer	$133,326	$68,377	$201,703
COLLEEN REID	TRUSTEE	10.00	Officer	$14,892	$0	$14,892
BRIAN J PALMER	TRUSTEE/TRAINING DIRECTOR	40.00	Officer	$102,518	$68,377	$170,895
ROBERT O MEDEIROS	TRUSTEE	40.00	Officer	$62,982	$26,831	$89,813
PATRICK LEONARD	CAMPAIGN EMPLOYEE	40.00	Highest	$118,985	$48,592	$167,577
COREY LEVESQUE	ASSISTANT BUSINESS AGENT	40.00	Highest	$128,076	$58,581	$186,657
THOMAS SALVATORE	BUSINESS AGENT	40.00	Highest	$132,077	$68,377	$200,454
STEVEN FREDETTE	ASSISTANT BUSINESS AGENT	40.00	Highest	$129,887	$68,377	$198,264
VIRGINIA TAVARES	ORGANIZER	40.00	Highest	$130,515	$68,377	$198,892

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	$5,682,139	$5,770,528	$1,795,357	$-88,389
2023	$5,728,286	$5,836,010	$1,837,680	$-107,724
2022	$6,076,135	$6,276,371	$1,869,856	$-200,236
2021	$5,719,286	$5,323,855	$2,231,234	$395,431
2020	$4,709,732	$4,424,005	$1,796,639	$285,727
2019	$4,800,565	$4,607,801	$1,469,820	$192,764
2018	$4,471,101	$4,393,066	$1,303,006	$78,035

GENERAL TEAMSTERS LOCAL UNION 251