MINNESOTA TEAMSTERS SERVICE BUREAU

EIN: 411513000 501(c)(3) Employment

MINNEAPOLIS, MN

Total Revenue
$1,175,498
Total Expenses
$1,127,590
Total Assets
$951,712
Net Assets
$627,372
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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
1985
Legal Domicile
MN
Principal Officer
KERRY-ANN SAMUDA
Phone
6126763700
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA TEAMSTERS SERVICE BUREAU, founded in 1985, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROVIDE INFORMATION, REFERRAL ASSISTANCE AND ADVOCACY FOR PEOPLE IN NEED OF HUMAN SERVICES.

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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 $1,044,010
Program Service Revenue $117,168
Investment Income $14,320
Other Revenue $0
TOTAL REVENUE $1,175,498

Expense Breakdown

Grants Paid $14,940
Salaries & Benefits $537,589
Fundraising Expenses $0
Program Expenses $1,037,628
Other Expenses $575,061
TOTAL EXPENSES $1,127,590

Year-over-Year Comparison

2024 2023 Change
Revenue $1,175,498 $1,860,499 -0.4%
Expenses $1,127,590 $1,870,970 -0.4%
Net Income $47,908 $-10,471 -5.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
10

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
4
$117,518
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM ERICKSON BOARD PRESIDENT 10.00
Officer Director
$0 $0 $0
KRIS KNIGHT BOARD CO-CHAIR 5.00
Officer Director
$0 $0 $0
BRIAN ALDES BOARD CO-CHAIR 5.00
Officer Director
$0 $0 $0
MIKE DEBUCK BOARD MEMBER 5.00
Director
$0 $0 $0
LYNDON JOHNSON BOARD MEMBER 5.00
Director
$0 $0 $0
NATHANIEL COCHRANE BOARD MEMBER 5.00
Director
$0 $0 $0
PAUL MCCULLEN BOARD MEMBER 5.00
Director
$0 $0 $0
TIM WILCHER BOARD MEMBER 5.00
Director
$0 $0 $0
ZAK RADZAK BOARD MEMBER 5.00
Director
$0 $0 $0
SCOTT LECY BOARD MEMBER 5.00
Director
$0 $0 $0
KERRY-ANN SAMUDA EXECUTIVE DIRECTOR 40.00
Officer
$98,786 $18,732 $117,518
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 $1,175,498 $1,127,590 $951,712 $47,908
2023 $1,860,499 $1,870,970 $1,112,985 $-10,471
2022 $1,842,329 $2,196,452 $942,342 $-354,123
2021 $2,764,246 $2,748,659 $1,073,608 $15,587
2020 $3,091,730 $2,877,459 $1,175,621 $214,271
2019 $2,234,800 $2,177,733 $826,937 $57,067
2018 $1,965,217 $1,966,764 $726,550 $-1,547
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