TEAMSTERS UNION LOCAL 529

EIN: 160492681

ELMIRA, NY

Total Revenue
$510,798
Total Expenses
$582,048
Total Assets
$117,958
Net Assets
$53,392
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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
1937
Legal Domicile
NY
Principal Officer
BELINDA COMBS
Phone
6077336519
Tax Period
2019-01-01 to 2019-12-31

TEAMSTERS UNION LOCAL 529, founded in 1937, is a small nonprofit that reported $511K in total revenue in fiscal year 2019. Expenses of $582K exceeded revenue, resulting in a 14% operating deficit.

Mission

UNIONS ONLY MISSION IS TO ASSIST WORKERS, MAKING EVERY EFFORT TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH LABOR ORGANIZATION, CONTRACT NEGOTIATIONS, AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1
Expenses: $552,834 Revenue: $510,798

UNIONS ONLY GOAL IS TO ASSIST WORKERS, MAKING EVERY EFFORT TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH LABOR ORGANIZATION, CONTRACT NEGOTIATIONS, AND...

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UNIONS ONLY GOAL IS TO ASSIST WORKERS, MAKING EVERY EFFORT TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH LABOR ORGANIZATION, CONTRACT NEGOTIATIONS, AND COLLECTIVE BARGAINING.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $506,917
Investment Income $3,860
Other Revenue $21
TOTAL REVENUE $510,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $327,185
Fundraising Expenses $0
Program Expenses $552,834
Other Expenses $254,863
TOTAL EXPENSES $582,048

Year-over-Year Comparison

2019 2018 Change
Revenue $510,798 $509,170 +0.0%
Expenses $582,048 $513,646 +0.1%
Net Income $-71,250 $-4,476 +14.9%
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

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Governance

Voting Members
8
Independent Members
6
Employees
4
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
3
$254,026
Total Directors
8
$254,026
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD DEXTER PRESIDENT/BUSINESS AGENT 40.00
Officer Director
$74,360 $54,441 $128,801
NICK SHAMOT VICE PRESIDENT 1.00
Director
$0 $0 $0
JOSEPH DONER RECORDING SECRETARY 1.00
Director
$0 $0 $0
BELINDA COMBS SECRETARY-TREASURER/ BUSIN 40.00
Officer Director
$103,910 $20,100 $124,010
MICHAEL NOYES TRUSTEE 1.00
Director
$0 $0 $0
ART MCDONALD TRUSTEE 1.00
Director
$0 $0 $0
DOUG BABCOCK SERGEANT-AT-ARMS 1.00
Director
$0 $0 $0
JOHN MORGAN TRUSTEE 1.00
Officer Director
$1,215 $0 $1,215
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
2019 $510,798 $582,048 $117,958 $-71,250
2018 $509,170 $513,646 $161,505 $-4,476
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