INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331 (EIN 210577323) - 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

1933

Legal Domicile

Principal Officer

MARCUS W KING

Phone

6096412331

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331, founded in 1933, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

LABOR UNION

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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 (2023)

Revenue Breakdown

Contributions & Grants $985,807

Program Service Revenue $0

Investment Income $17

Other Revenue $33,802

TOTAL REVENUE $1,019,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,461

Fundraising Expenses $0

Other Expenses $453,589

TOTAL EXPENSES $1,004,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,019,626	$1,075,176	-0.1%
Expenses	$1,004,050	$1,002,290	+0.0%
Net Income	$15,576	$72,886	-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

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

$406,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS W KING	PRESIDENT	50.00	Officer	$118,762	$86,420	$205,182
ABIMAEL ORTIZ	SECRETARY TREASURER	50.00	Officer	$77,992	$74,005	$151,997
ERICA N RASSMANN	VICE PRESIDENT	2.00	Officer	$12,320	$0	$42,512
SHARON E WOODARD	RECORDING SECRETARY	2.00	Officer	$241	$0	$241
KENT MCFARLAND	TRUSTEE	2.00	Officer	$1,813	$0	$1,813
JOHN D SHOWELL JR	TRUSTEE	2.00	Officer	$3,027	$0	$3,027
STEPHEN DALBOW	TRUSTEE	2.00	Officer	$2,226	$0	$2,226

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
2024	No data	No data	No data	No data
2023	$1,019,626	$1,004,050	$1,031,386	$15,576
2022	$1,075,176	$1,002,290	$1,042,688	$72,886
2021	$876,483	$891,038	$1,129,267	$-14,555
2020	$839,632	$899,616	$1,052,901	$-59,984
2019	$914,333	$1,058,301	$1,207,643	$-143,968
2018	$964,913	$961,176	$1,302,713	$3,737

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331