INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 970 (EIN 410692207) - 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

1955

Legal Domicile

Principal Officer

NATHANIAL COCHRANE

Phone

6123316633

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 970, founded in 1955, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025.

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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,004,753

Investment Income $18,830

Other Revenue $873

TOTAL REVENUE $1,024,456

Expense Breakdown

Grants Paid $11,376

Salaries & Benefits $649,540

Fundraising Expenses $0

Other Expenses $410,715

TOTAL EXPENSES $1,071,631

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,024,456	$1,077,718	0.0%
Expenses	$1,071,631	$1,059,231	+0.0%
Net Income	$-47,175	$18,487	-3.6%

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

$397,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHANIAL COCHRANE	SECRETARY-TREASURER	44.00	Officer	$125,276	$57,241	$182,517
BRUCE FRAUENDIENST	VICE PRESIDENT	2.00	Officer	$6,770	$0	$6,770
MIKE SIEBENALER	RECORDING SECRETARY	2.00	Officer	$7,536	$0	$7,536
CHAD REICHOW	PRESIDENT/BUSINESS AGENT	44.00	Officer	$117,554	$62,247	$179,801
JEFF OLSON	TRUSTEE	2.00	Officer	$6,954	$0	$6,954
MARK PHILLIPS	TRUSTEE	2.00	Officer	$6,879	$0	$6,879
BRANDON REICHOW	TRUSTEE	2.00	Officer	$7,306	$0	$7,306

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	$1,024,456	$1,071,631	$446,750	$-47,175
2024	$1,077,718	$1,059,231	$474,090	$18,487
2023	$1,116,448	$1,090,330	$450,699	$26,118
2022	$1,097,837	$1,058,876	$398,655	$38,961
2021	$1,133,682	$1,055,015	$386,327	$78,667
2020	$934,060	$1,061,744	$299,906	$-127,684
2019	$1,070,272	$1,162,802	$406,414	$-92,530
2018	$1,045,391	$1,079,722	$498,944	$-34,331

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 970