DETROIT TEAMSTERS TEMPLE ASSOCIATION (EIN 381093008) - 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

1943

Legal Domicile

Principal Officer

GREGORY NOWAK

Phone

3139640720

Tax Period

2024-01-01 to 2024-12-31

DETROIT TEAMSTERS TEMPLE ASSOCIATION, founded in 1943, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $378K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO BUILD, OPERATE AND ESTABLISH LABOR TEMPLES FOR THE USE AND BENEFIT OF MEMBER LABOR UNIONS.

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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 $285,017

Investment Income $33

Other Revenue $0

TOTAL REVENUE $285,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,315

Fundraising Expenses $0

Other Expenses $259,680

TOTAL EXPENSES $377,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,050	$260,061	+0.1%
Expenses	$377,995	$322,120	+0.2%
Net Income	$-92,945	$-62,059	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH VALENTI JR	TREASURER	N/A	Officer	$0	$0	$0
TODD LINCE	VICE PRESIDE	N/A	Officer	$0	$0	$0
GREGORY NOWAK	PRESIDENT	N/A	Officer	$0	$0	$0
THOMAS ZIEMBOVIC	RECORDING SE	N/A	Officer	$0	$0	$0

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	$285,050	$377,995	$286,488	$-92,945
2023	$260,061	$322,120	$379,433	$-62,059
2022	$281,278	$316,278	$441,492	$-35,000
2021	$290,543	$282,358	$476,492	$8,185
2020	$291,856	$292,324	$468,307	$-468
2019	$305,193	$272,110	$468,775	$33,083
2018	$307,084	$248,835	$435,692	$58,249

DETROIT TEAMSTERS TEMPLE ASSOCIATION