INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 705

EIN: 361265700

CHICAGO, IL

Total Revenue
$16,968,663
Total Expenses
$15,769,307
Total Assets
$42,256,060
Net Assets
$41,074,401
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
IL
Phone
3127382800
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 705, founded in 1903, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2018. The organization ran a surplus of $2.3M, a strong 20% operating margin.

Mission

THE OBJECTIVE OF THIS LOCAL UNION IS TO ENGAGE IN ORGANIZING WORKERS AND TO PROVIDE SERVICES TO THOSE WHO ARE ORGANIZED; TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING; TO ENGAGE IN CULTURAL, CIVIC, LEGISLATIVE, POLITICAL, FRATERNAL, EDUCATIONAL, CHARITABLE, WELFARE, SOCIAL AND OTHER ACTIVITIES WHICH FURTHER THE INTERESTS OF THE ORGANIZATION AND ITS MEMBERSHIP, DIRECTLY OR INDIRECTLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,809,655
Investment Income $883,745
Other Revenue $275,263
TOTAL REVENUE $16,968,663

Expense Breakdown

Grants Paid $223,634
Salaries & Benefits $8,616,920
Fundraising Expenses $0
Other Expenses $6,296,374
TOTAL EXPENSES $15,769,307

Year-over-Year Comparison

2024 2023 Change
Revenue $16,968,663 $16,401,555 +0.0%
Expenses $15,769,307 $12,966,268 +0.2%
Net Income $1,199,356 $3,435,287 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
370
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
4
$1,347,936
Total Directors
5
$1,312,536
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY OBNEY FORMER TRUSTEE 40.00
Director
$184,782 $95,244 $280,026
SCOTT REIN FORMER TRUSTEE 40.00
Director
$266,034 $1,125 $267,159
EDDIE VALLEJO TRUSTEE 40.00
Director
$189,271 $73,095 $262,366
RICHARD ROHE TRUSTEE 40.00
Director
$188,941 $73,095 $262,036
KEVIN MOORE TRUSTEE 40.00
Director
$167,854 $73,095 $240,949
JOSEPH BAKES RECORDING SECRETARY 40.00
Officer
$248,496 $103,222 $351,718
JUAN CAMPOS SECRETARY-TREASURER 40.00
Officer
$201,433 $114,477 $315,910
KENNETH EMANUELSON PRESIDENT 40.00
Officer
$283,516 $73,095 $356,611
GREGORY FOSTER VICE-PRESIDENT 40.00
Officer
$250,602 $73,095 $323,697
MICHAEL JORDAN ELECTED BUSINESS AGENT 40.00
Highest
$155,779 $80,347 $236,126
SAN JUANITA GONZALEZ ACCOUNTANT 40.00
Highest
$177,576 $73,095 $250,671
DAVID ROSALES BUSINESS AGENT 40.00
Highest
$140,350 $73,095 $213,445
AL WIMUNC ELECTED BUSINESS AGENT 40.00
Highest
$153,656 $80,584 $234,240
MIKE DEVEGE ASSISTANT BUSINESS AGENT 40.00
Highest
$143,802 $78,328 $222,130
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 $16,968,663 $15,769,307 $42,256,060 $1,199,356
2023 $16,401,555 $12,966,268 $41,003,053 $3,435,287
2022 $16,095,042 $11,522,972 $37,221,627 $4,572,070
2021 $15,610,576 $10,420,670 $33,264,907 $5,189,906
2020 $13,297,855 $9,477,506 $28,223,933 $3,820,349
2019 $12,392,650 $9,550,690 $24,455,422 $2,841,960
2018 $11,331,127 $9,015,882 $21,334,414 $2,315,245
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