TEAMSTERS LOCAL NO 229 (EIN 240565465) - 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

1903

Legal Domicile

Principal Officer

MICHAEL KOVALESKI

Phone

5703447219

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS LOCAL NO 229, founded in 1903, is a small nonprofit that reported $968K in total revenue in fiscal year 2024.

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 (2024)

Revenue Breakdown

Contributions & Grants $965,440

Program Service Revenue $0

Investment Income $2,151

Other Revenue $0

TOTAL REVENUE $967,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,695

Fundraising Expenses $0

Other Expenses $402,228

TOTAL EXPENSES $938,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$967,591	$981,015	0.0%
Expenses	$938,952	$908,403	+0.0%
Net Income	$28,639	$72,612	-0.6%

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

1041

Independent Members

1041

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

$111,028

Total Directors

$109,250

Key Employees

$101,499

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ANGELO	TRUSTEE	2.00	Officer Director	$3,619	$0	$3,619
JAMES BENDOWSKI	RECORDING SECRETARY	2.00	Officer	$2,560	$0	$2,560
EUGENE ALLEN	PRESIDENT	2.00	Officer Director	$2,300	$0	$2,300
MICHAEL KOVALESKI	VP/BUS REP/SEC TREASURER	60.00	Officer Key Emp	$101,499	$0	$101,499
DAVE NOCERA	TRUSTEE	2.00	Officer	$1,050	$0	$1,050
JOE SECOR	VP/BUS REP	60.00	Director	$101,031	$0	$101,031
BERNADINE HOOVER	TRUSTEE	2.00	Director	$2,300	$0	$2,300

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	$967,591	$938,952	$443,069	$28,639
2023	$981,015	$908,403	$384,212	$72,612
2021	$936,863	$812,571	$267,462	$124,292
2020	$837,091	$813,576	$117,113	$23,515
2019	$709,119	$815,671	$105,210	$-106,552

TEAMSTERS LOCAL NO 229