INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 346

EIN: 410121645

DULUTH, MN

Total Revenue
$2,525,399
Total Expenses
$2,296,220
Total Assets
$5,534,983
Net Assets
$5,534,983
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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
1929
Legal Domicile
MN
Principal Officer
ZACHARY RADZAK
Phone
2186281034
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 346, founded in 1929, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Expenses of $2.3M left a modest 9% surplus.

Mission

LABOR UNION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,149,359
Investment Income $374,332
Other Revenue $1,708
TOTAL REVENUE $2,525,399

Expense Breakdown

Grants Paid $29,647
Salaries & Benefits $1,459,544
Fundraising Expenses $0
Other Expenses $807,029
TOTAL EXPENSES $2,296,220

Year-over-Year Comparison

2025 2024 Change
Revenue $2,525,399 $2,472,930 +0.0%
Expenses $2,296,220 $2,316,749 0.0%
Net Income $229,179 $156,181 +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

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Governance

Voting Members
7
Independent Members
N/A
Employees
33
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
8
$958,574
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACHARY RADZAK SECRETARY-TREASURER/BUSINE 55.00
Officer
$165,846 $65,336 $231,182
LESLIE KUNDO VICE PRESIDENT/BUSINESS AGENT- PAST 53.00
Officer
$79,322 $35,813 $115,135
JEFF OVESON PRESIDENT/BUSINESS AGENT 51.00
Officer
$160,805 $64,831 $225,636
CHAD WARD VICE PRESIDENT/BUSINESS AGENT 53.00
Officer
$155,270 $64,278 $219,548
JARED HOVI TRUSTEE 1.00
Officer
$8,383 $3,705 $12,088
ANTHONY ROSSI TRUSTEE 1.00
Officer
$8,628 $3,705 $12,333
AARON RESBERG TRUSTEE 1.00
Officer
$7,524 $3,705 $11,229
JESSE SMITH REC SEC/ BUSINESS AGENT 48.00
Officer
$85,923 $45,500 $131,423
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 $2,525,399 $2,296,220 $5,534,983 $229,179
2024 No data No data No data No data
2023 $2,206,386 $2,432,043 $4,843,224 $-225,657
2022 $2,020,557 $2,024,129 $4,818,850 $-3,572
2021 $2,600,402 $2,071,979 $5,371,542 $528,423
2020 $1,932,073 $1,822,330 $4,616,176 $109,743
2019 $1,924,452 $1,847,193 $4,317,758 $77,259
2018 $1,919,786 $1,882,295 $4,001,492 $37,491
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