TEAMSTERS LOCAL 688 REAL ESTATE COMPANY (EIN 204658472) - 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

2006

Legal Domicile

Principal Officer

CHRIS TONGAY

Phone

3145135800

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL 688 REAL ESTATE COMPANY, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $68K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

PURPOSE IS TO EXCLUSIVELY ACQUIRE AND HOLD TITLE TO REAL PROPERTY, COLLECT THE INCOME THEREFROM, AND REMIT THE ENTIRE INCOME THEREFROM, LESS EXPENSES, TO THE TEAMSTER LOCAL UNION NO. 688.

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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 $0

Investment Income $0

Other Revenue $67,919

TOTAL REVENUE $67,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2025	2024	Change
Revenue	$67,919	$90,818	-0.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$90,818	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER TONGAY	RECORDING SECRETARY & TREA	10.00	Officer	$0	$0	$0
MICHAEL SCHLUETER	PRESIDENT & CEO	10.00	Officer	$0	$0	$0
LAMARK THOMPSON	VICE PRESIDENT	10.00	Officer	$0	$0	$0
RODNEY KALINA	SENIOR VICE PRESIDENT	10.00	Officer	$0	$0	$0

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	$67,919	No data	$1,251,354	No data
2024	$90,818	No data	$1,205,798	No data
2023	$90,116	No data	$1,291,788	No data
2022	$129,103	$18,742	$1,386,118	$110,361
2021	$122,305	$18,742	$1,455,470	$103,563
2020	$117,010	$18,742	$1,369,662	$98,268
2019	$75,576	$10,933	$1,541,594	$64,643
2018	$79,129	No data	$1,475,012	No data

TEAMSTERS LOCAL 688 REAL ESTATE COMPANY