INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 341 (EIN 250838489) - 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

1958

Legal Domicile

Principal Officer

JOSEPH PODOLAK

Phone

4122318400

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 341, founded in 1958, is a small nonprofit that reported $407K in total revenue in fiscal year 2024.

Mission

PROVIDE BROTHERHOOD AND JOB PROTECTION FOR MEMBERS OF THE UNION. ESTABLISH AND MAINTAIN HARMONIOUS RELATIONS WITH THE EMPLOYERS FOR WAGES, HEALTH AND WELFARE BENEFITS, AND WORK CONDITIONS.

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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 $0

Program Service Revenue $403,322

Investment Income $3,216

Other Revenue $0

TOTAL REVENUE $406,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,046

Fundraising Expenses $0

Program Expenses $371,727

Other Expenses $202,534

TOTAL EXPENSES $423,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,538	$415,899	0.0%
Expenses	$423,580	$486,128	-0.1%
Net Income	$-17,042	$-70,229	-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

$133,945

Total Directors

$149,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH PODOLAK	PRESIDENT	40.00	Officer Director	$120,070	$0	$120,070
DENNIS COLL	SECRETARY/TR	1.00	Officer Director	$8,650	$0	$8,650
ROBERT MANULA	TRUSTEE	1.00	Director	$6,925	$0	$6,925
BRYAN JONES	TRUSTEE	1.00	Director	$6,000	$0	$6,000
JAMES MANN	VICE PRESIDE	1.00	Officer Director	$3,500	$0	$3,500
BRANDON BEER	TRUSTEE	1.00	Director	$2,500	$0	$2,500
NEIL FISCHER	RECORDING SE	1.00	Officer Director	$1,725	$0	$1,725

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	$406,538	$423,580	$462,960	$-17,042
2023	$415,899	$486,128	$480,002	$-70,229
2022	$540,432	$541,583	$550,231	$-1,151
2021	$727,262	$635,659	$551,382	$91,603
2020	$681,864	$644,289	$459,779	$37,575
2019	$831,905	$676,417	$422,204	$155,488
2018	$600,545	$490,974	$266,716	$109,571

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 341