TEAMSTERS LOCAL 2 N (EIN 135274522) - 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

1901

Legal Domicile

Principal Officer

MICHAEL TORTORA

Phone

2126912862

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL 2 N, founded in 1901, is a small nonprofit that reported $386K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $465K exceeded revenue, resulting in a 21% operating deficit.

Mission

UNION RELATED ACTIVITIES IN A MULTI-EMPLOYER ENVIRONMENT

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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 $339,976

Program Service Revenue $0

Investment Income $46,195

Other Revenue $0

TOTAL REVENUE $386,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,722

Fundraising Expenses $0

Program Expenses $465,398

Other Expenses $139,676

TOTAL EXPENSES $465,398

Year-over-Year Comparison

	2025	2024	Change
Revenue	$386,171	$427,849	-0.1%
Expenses	$465,398	$504,364	-0.1%
Net Income	$-79,227	$-76,515	+0.0%

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

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

$228,281

Total Directors

$2,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M HEFFERNAN	FORMER PRESIDENT	040.00	Officer Highest	$131,691	$0	$131,691
MICHAEL TORTORA	PRESIDENT 1/1/26	040.00	Officer	$96,590	$0	$96,590
KENNETH WALSH	SECTY TRES 1/1/26	002.00	Director	$800	$0	$800
WILLIAM CRANSTON JR	VICE PRESIDENT	001.00	Director	$600	$0	$600
JOHN COLEMAN	E BOARD TRUSTEE	001.00	Director	$300	$0	$300
JOHN ALZATE	E BOARD TRUSTEE	001.00	Director	$300	$0	$300
BERNARD O'REILLY	E BAORD TRUSTEE	001.00	Director	$150	$0	$150

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	$386,171	$465,398	$397,938	$-79,227
2024	$427,849	$504,364	$493,000	$-76,515
2024	$427,849	$504,364	$493,000	$-76,515
2023	$438,732	$482,983	$586,973	$-44,251
2022	$495,002	$471,536	$643,066	$23,466
2021	$705,525	$604,277	$646,751	$101,248
2020	$569,325	$643,970	$577,566	$-74,645
2019	$600,169	$595,102	$666,468	$5,067
2018	$574,566	$604,028	$663,374	$-29,462

TEAMSTERS LOCAL 2 N