INT'L BROTHERHOOD OF TEAMSTERS LOCAL NO 560 (EIN 221337490) - 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

1911

Legal Domicile

Principal Officer

JOSEPH DIPALMA

Phone

2018640051

Tax Period

2023-01-01 to 2023-12-31

INT'L BROTHERHOOD OF TEAMSTERS LOCAL NO 560, founded in 1911, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023.

Mission

ORGANIZATION AND REPRESENTATION OF WORKERS.

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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 $2,153,148

Program Service Revenue $0

Investment Income $-12,961

Other Revenue $59,477

TOTAL REVENUE $2,199,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,436,276

Fundraising Expenses $0

Other Expenses $862,460

TOTAL EXPENSES $2,298,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,199,664	$2,183,460	+0.0%
Expenses	$2,298,736	$2,152,726	+0.1%
Net Income	$-99,072	$30,734	-4.2%

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

$1,084,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH DILEO	RECORDING SECRETARY	40.00	Officer	$113,306	$88,639	$201,945
LOUIS RODRIGUEZ	SECRETARY-TREASURER	40.00	Officer	$117,496	$80,503	$197,999
JOSEPH DIPALMA	PRESIDENT	40.00	Officer	$121,974	$85,514	$207,488
NICHOLAS JAYME	TRUSTEE	40.00	Officer	$113,077	$79,458	$192,535
HAROLD WELSH JR	VICE PRESIDENT	40.00	Officer	$46,519	$47,187	$93,706
JOHN TIEDMANN	TRUSTEE	5.00	Officer	$17,785	$5,401	$23,186
ALFELIX PEREZ	TRUSTEE	5.00	Officer	$111,158	$56,476	$167,634

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	$2,199,664	$2,298,736	$511,260	$-99,072
2022	$2,183,460	$2,152,726	$1,294,741	$30,734
2021	$2,366,111	$2,196,466	$1,280,296	$169,645
2020	$2,168,887	$2,415,182	$1,157,521	$-246,295
2019	$2,359,959	$2,304,210	$1,169,694	$55,749
2018	$2,265,204	$2,445,924	$1,058,579	$-180,720

INT'L BROTHERHOOD OF TEAMSTERS LOCAL NO 560