INTERNATIONAL BROTHERHOOD OF TEAMS… - Form 990 Financial Data

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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

1933

Legal Domicile

Principal Officer

MICHAEL KENSINGER

Phone

3097874456

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS 371 TEAMSTERS LOCAL UNION, founded in 1933, is a small nonprofit that reported $737K in total revenue in fiscal year 2025. Expenses of $709K left a modest 4% surplus.

Mission

TO ORGANIZE WORKERS, SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

UNION PROGRAM - TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGE THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $702,527

Investment Income $22,899

Other Revenue $11,479

TOTAL REVENUE $736,905

Expense Breakdown

Grants Paid $980

Salaries & Benefits $417,243

Fundraising Expenses $0

Other Expenses $290,618

TOTAL EXPENSES $708,841

Year-over-Year Comparison

	2025	2024	Change
Revenue	$736,905	$746,798	0.0%
Expenses	$708,841	$721,445	0.0%
Net Income	$28,064	$25,353	+0.1%

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

$288,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MANDER	SECRETARY TREASURER	2.00	Officer	$10,600	$0	$10,600
DANIEL BARRY	RECORDING SECRETARY	2.00	Officer	$5,590	$0	$5,590
RICK HARRIS	TRUSTEE	2.00	Officer	$4,525	$0	$4,525
MICHAEL KENSINGER	PRESIDENT	40.00	Officer	$88,877	$45,805	$134,682
CARLTON SMITH	TRUSTEE	2.00	Officer	$4,525	$0	$4,525
SCOTT STILES	VICE PRESIDENT	40.00	Officer	$77,767	$45,805	$123,572
RYAN VERBECK	TRUSTEE	2.00	Officer	$4,525	$0	$4,525

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
2025	$736,905	$708,841	$619,746	$28,064
2024	No data	No data	No data	No data
2023	$868,015	$886,844	$521,661	$-18,829
2022	$864,761	$982,573	$528,511	$-117,812
2021	$880,954	$822,820	$646,212	$58,134
2020	$826,235	$803,302	$588,509	$22,933
2019	$794,271	$795,294	$565,847	$-1,023
2018	$782,731	$814,682	$567,409	$-31,951

INTERNATIONAL BROTHERHOOD OF TEAMSTERS 371 TEAMSTERS LOCAL UNION