INTERNATIONAL BROTHERHOOD OF TEAMSTERS

EIN: 410274050

BLAINE, MN

Total Revenue
$15,091,463
Total Expenses
$13,095,332
Total Assets
$13,412,385
Net Assets
$13,391,431
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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
1940
Legal Domicile
MN
Principal Officer
TOM ERICKSON
Phone
7632676120
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS, founded in 1940, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $13.1M left a modest 13% 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,209,306
Investment Income $255,033
Other Revenue $1,627,124
TOTAL REVENUE $15,091,463

Expense Breakdown

Grants Paid $402,535
Salaries & Benefits $6,989,020
Fundraising Expenses $0
Other Expenses $5,703,777
TOTAL EXPENSES $13,095,332

Year-over-Year Comparison

2024 2023 Change
Revenue $15,091,463 $11,500,193 +0.3%
Expenses $13,095,332 $10,881,952 +0.2%
Net Income $1,996,131 $618,241 +2.2%
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
270
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
$1,205,064
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM ERICKSON PRESIDENT 60.00
Officer
$162,466 $67,430 $229,896
WILLIAM WEDEBRAND SECRETARY-TREASURER 60.00
Officer
$162,410 $67,430 $229,840
KEVIN SAYLOR VICE PRESIDENT/BUSINESS AGENT 60.00
Officer
$150,268 $67,430 $217,698
CHRIS RILEY RECORDING SECRETARY/BUSINESS AGENT 60.00
Officer
$149,622 $67,430 $217,052
CRAIG WALCZAK TRUSTEE 5.00
Officer
$15,179 $0 $15,179
RYAN BEIERMAN TRUSTEE - PAST/BUSINESS AGENT 60.00
Officer
$105,012 $33,962 $138,974
CHAD FRISCH TRUSTEE 5.00
Officer
$14,510 $0 $14,510
LARRY WEDAN TRUSTEE/BUSINESS AGENT 60.00
Officer
$101,695 $40,220 $141,915
TYLER BARRETT BUSINESS AGENT 60.00
Highest
$149,403 $67,430 $216,833
JOHN CHAPPUIS BUSINESS AGENT 60.00
Highest
$149,151 $67,430 $216,581
TROY GUSTAFSON BUSINESS AGENT 60.00
Highest
$152,823 $67,430 $220,253
JAMES HEEREN BUSINESS AGENT 60.00
Highest
$149,599 $67,430 $217,029
CHAD LUDWIG BUSINESS AGENT 60.00
Highest
$150,113 $67,430 $217,543
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 No data No data No data No data
2024 $15,091,463 $13,095,332 $13,412,385 $1,996,131
2023 $11,500,193 $10,881,952 $11,109,548 $618,241
2022 $11,593,643 $10,319,290 $10,503,701 $1,274,353
2021 $11,430,169 $10,874,413 $9,219,386 $555,756
2020 $9,749,867 $10,382,379 $8,720,272 $-632,512
2019 $10,170,196 $9,502,441 $9,372,399 $667,755
2018 $10,425,479 $9,783,052 $8,777,712 $642,427
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