INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 456 (EIN 131739753) - 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

1948

Legal Domicile

Principal Officer

LOUIS A PICANI

Phone

9145929500

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 456, founded in 1948, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE ORGANIZATION REPRESENTS ITS MEMBERSHIP IN SECURING EMPLOYMENT, SUSTAINING THE STANDARD OF WAGES, RESOLVING DIFFERENCES, MAINTAINING HARMONY IN EMPLOYER/EMPLOYEE RELATIONSHIPS AND NEGOTIATING WORKING CONDITIONS AND BENEFITS.

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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 $6,317,529

Investment Income $-138,991

Other Revenue $47,627

TOTAL REVENUE $6,226,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,474,965

Fundraising Expenses $0

Other Expenses $2,645,151

TOTAL EXPENSES $6,120,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,226,165	$6,605,997	-0.1%
Expenses	$6,120,116	$5,646,364	+0.1%
Net Income	$106,049	$959,633	-0.9%

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

$1,657,360

Total Directors

$1,665,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS A PICANI	PRESIDENT	39.00	Officer Director	$316,969	$92,319	$409,288
JOSEPH SANSONE	SECRETARY/TREASURER/B.A.	39.00	Officer Director	$266,787	$101,797	$368,584
DOMINICK CASSANELLI JR	VICE PRESIDENT/B.A.	39.00	Officer Director	$232,765	$94,838	$327,603
ROGER TARANTO	RECORDING SECRETARY/B.A.	39.00	Officer Director	$219,258	$89,940	$309,198
MICHAEL MARTINEZ	B.A./EXECUTIVE BOARD	40.00	Officer Director	$165,050	$77,637	$242,687
JAMES MCGRATH	TRUSTEE/EXECUTIVE BOARD	1.00	Director	$4,200	$0	$4,200
ROBERT RICHARDSON	TRUSTEE/EXECUTIVE BOARD	1.00	Director	$4,200	$0	$4,200
ANTHONY TORTORA	B.A./ORGANIZER	40.00	Highest	$207,226	$87,889	$295,115
ALBERT LIBERATORE JR	B.A.	40.00	Highest	$196,591	$85,920	$282,511

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	$6,226,165	$6,120,116	$9,982,077	$106,049
2023	$6,605,997	$5,646,364	$8,659,719	$959,633
2022	$6,858,049	$5,427,711	$6,954,276	$1,430,338
2021	$4,811,272	$4,592,568	$6,653,164	$218,704
2020	$4,624,689	$4,547,161	$6,183,562	$77,528
2019	$4,654,970	$5,283,222	$5,531,383	$-628,252
2018	$4,998,712	$4,319,894	$4,963,099	$678,818

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 456