INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 553 (EIN 135000655) - 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

1907

Legal Domicile

Principal Officer

DEMOS P DEMOPOULOS

Phone

2129296828

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 553, founded in 1907, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $8.9M represent 38 months of operating reserves.

Mission

THE PRIMARY MISSION OF THE UNION IS TO ORGANIZE EMPLOYEES AND NEGOTIATE CONTRACTS ON THEIR BEHALF COVERING WAGES, BENEFITS, HOURS, AND CONDITIONS OF EMPLOYMENT IN ACCORDANCE WITH THE LAWS, USAGES, AND REQUIREMENTS OF THE IBT, AND IN ACCORDANCE WITH THE BEST INTERESTS OF THE LABOR MOVEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,216,839

Investment Income $384,393

Other Revenue $226,475

TOTAL REVENUE $2,827,707

Expense Breakdown

Grants Paid $40,346

Salaries & Benefits $1,804,731

Fundraising Expenses $0

Other Expenses $1,059,292

TOTAL EXPENSES $2,904,369

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,827,707	$2,571,952	+0.1%
Expenses	$2,904,369	$2,963,552	0.0%
Net Income	$-76,662	$-391,600	-0.8%

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

$856,027

Total Directors

$1,119,481

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMOS P DEMOPOULOS	SECRETARY-TREASURER	40.00	Officer Director	$256,874	$53,508	$310,382
ANTHONY STORZ	PRESIDENT	40.00	Officer Director	$216,343	$60,149	$276,492
RALPH BLASI	REC. SECRETARY	40.00	Officer Director	$199,508	$53,248	$252,756
FRANK V FICO	VICE PRESIDENT	2.00	Officer Director	$16,397	$0	$16,397
ELGERIVE DANIELS	TRUSTEE / BUSINESS AGENT	40.00	Director	$177,334	$51,524	$228,858
LOUIS PELUSO	TRUSTEE	2.00	Director	$18,441	$0	$18,441
JOSEPH FISHER	TRUSTEE	2.00	Director	$16,155	$0	$16,155
CONO FORGIONE	BUSINESS AGENT	40.00	Highest	$104,846	$40,541	$145,387

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
2025	$2,827,707	$2,904,369	$8,874,483	$-76,662
2024	$2,571,952	$2,963,552	$8,951,145	$-391,600
2023	$10,964,540	$2,921,499	$9,342,745	$8,043,041
2022	$2,653,579	$2,679,506	$1,299,704	$-25,927
2021	$2,589,408	$2,627,531	$1,550,783	$-38,123
2020	$2,068,714	$2,253,156	$587,425	$-184,442
2019	$2,890,390	$2,829,707	$771,867	$60,683
2018	$2,773,927	$2,869,733	$711,184	$-95,806

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 553