TEAMSTERS LOCAL UNION 676

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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

1950

Legal Domicile

Principal Officer

HOWARD W WELLS

Phone

8569642101

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL UNION 676, founded in 1950, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $3.2M left a modest 9% surplus.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS

Program Service Accomplishments

Program 1

Expenses: $3,181,835

TO ORGANIZE WORKERS AND SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATION 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,424,916

Investment Income $76,972

Other Revenue $3,158

TOTAL REVENUE $3,505,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,704,854

Fundraising Expenses $0

Program Expenses $3,181,835

Other Expenses $1,476,981

TOTAL EXPENSES $3,181,835

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,505,046	$3,758,265	-0.1%
Expenses	$3,181,835	$3,337,830	0.0%
Net Income	$323,211	$420,435	-0.2%

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

$863,315

Total Directors

$187,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD POHLIG	TRUSTEE	5.00	Director	$6,381	$0	$6,381
WILLIAM CORBIN	TRUSTEE	5.00	Director	$4,953	$0	$4,953
JEREMY BEAL	TRUSTEE	5.00	Director	$116,743	$59,482	$176,225
HOWARD W WELLS	PRESIDENT	50.00	Officer	$192,002	$74,350	$266,352
PASQUALE BELLO	SGT AT ARMS	5.00	Officer	$16,600	$0	$16,600
ROGER THORSON	RECORDING SECRETARY	50.00	Officer	$125,286	$60,736	$186,022
JEFFREY R SEMON	SECRETARY/TREASURER	50.00	Officer	$139,417	$63,960	$203,377
BRIAN HIGGINBOTHHAM	VICE PRESIDENT	50.00	Officer	$129,034	$61,930	$190,964

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	$3,505,046	$3,181,835	$3,727,884	$323,211
2024	$3,758,265	$3,337,830	$3,400,651	$420,435
2023	$3,479,368	$3,355,227	$2,980,504	$124,141
2022	$3,048,570	$3,191,673	$2,860,994	$-143,103
2021	$3,062,452	$2,801,491	$3,012,257	$260,961
2020	$3,116,238	$2,593,798	$2,761,517	$522,440
2019	$2,968,108	$2,642,588	$2,242,560	$325,520
2018	$2,713,115	$2,667,735	$1,924,975	$45,380