Teamsters Local Union No 261 (EIN 250844316) - 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

1936

Legal Domicile

Principal Officer

MICHAEL LECKWART

Phone

7246585554

Tax Period

2023-01-01 to 2023-12-31

Teamsters Local Union No 261, founded in 1936, is a small nonprofit that reported $991K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To organize workers and improve wages working conditions and other economic advantages for its members through organizing negotiations

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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 $0

Program Service Revenue $946,385

Investment Income $15,479

Other Revenue $29,282

TOTAL REVENUE $991,146

Expense Breakdown

Grants Paid $370

Salaries & Benefits $548,200

Fundraising Expenses $0

Other Expenses $440,171

TOTAL EXPENSES $988,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$991,146	$875,563	+0.1%
Expenses	$988,741	$914,133	+0.1%
Net Income	$2,405	$-38,570	-1.1%

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

$297,642

Total Directors

$305,967

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYREE SCIALABBA	Trustee	10.00	Director	$2,700	$0	$2,700
MICHAEL LECKWART	President	60.00	Officer Director	$84,700	$61,421	$146,121
RON SNEED	Recording Secretary	10.00	Officer Director	$2,700	$0	$2,700
DAVID ALTERS	Secretary Treasurer	60.00	Officer Director	$84,700	$61,421	$146,121
BILL REDFOOT	Trustee	10.00	Director	$2,925	$0	$2,925
EDWARD CARKIDO	Vice President	10.00	Officer Director	$2,700	$0	$2,700
GREGORY MEHALKO	Trustee	10.00	Director	$2,700	$0	$2,700

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	$991,146	$988,741	$585,334	$2,405
2022	$875,563	$914,133	$545,174	$-38,570
2021	$889,041	$844,666	$662,192	$44,375
2020	$870,732	$863,205	$601,248	$7,527
2019	$883,499	$821,133	$559,600	$62,366
2018	$836,800	$837,027	$477,226	$-227

Teamsters Local Union No 261