MAIL HANLDERS LOCAL UNION NO 323

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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

1971

Legal Domicile

Principal Officer

JEFFREY LARSEN

Phone

6516462827

Tax Period

2024-01-01 to 2024-12-31

MAIL HANLDERS LOCAL UNION NO 323, founded in 1971, is a small nonprofit that reported $517K in total revenue in fiscal year 2024. Expenses of $473K left a modest 9% surplus.

Mission

LABOR UNION

Program Service Accomplishments

Program 1

THE OBJECTIVES OF THIS UNION SHALL BE TO UNITE FOR THEIR OWN ADVANCEMENT AND BETTERMENT, AND FOR THE ADVANCEMENT OF THE UNITED STATES POSTAL SERVICE, REGARDLESS OF RACE, COLOR, CREED, NATIONALITY...

THE OBJECTIVES OF THIS UNION SHALL BE TO UNITE FOR THEIR OWN ADVANCEMENT AND BETTERMENT, AND FOR THE ADVANCEMENT OF THE UNITED STATES POSTAL SERVICE, REGARDLESS OF RACE, COLOR, CREED, NATIONALITY, RELIGION, AGE, SEX, SEXUAL ORIENTATION, OR PHYSICAL OR MENTAL HANDICAP, ALL POSTAL MAIL HANDLERS AND SUCH OTHER EMPLOYEES WHO COME WITHIN THE MAIL HANDLERS CRAFT OR JURISDICTION, INCLUDING BUT NOT LIMITED TO ALL OPERATIONS DIRECTLY OR INDIRECTLY RELATED TO POSTAL AND MAIL HANDLING OPERATIONS, WHETHER PERFORMED BY EMPLOYEES OF THE UNITED STATES POSTAL SERVICE OR ANY OTHER EMPLOYER, AND ALL OTHER FEDERAL EMPLOYEES (WHETHER OR NOT POSTAL EMPLOYEES) WHO WISH TO AFFILIATE AS ASSOCIATE MEMBERS OF THIS 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 (2024)

Revenue Breakdown

Contributions & Grants $41,156

Program Service Revenue $471,864

Investment Income $32

Other Revenue $4,373

TOTAL REVENUE $517,425

Expense Breakdown

Grants Paid $6,109

Salaries & Benefits $313,888

Fundraising Expenses $0

Other Expenses $152,986

TOTAL EXPENSES $472,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$517,425	$523,385	0.0%
Expenses	$472,983	$453,515	+0.0%
Net Income	$44,442	$69,870	-0.4%

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

$255,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY LARSEN	PRESIDENT	40.00	Officer	$85,433	$0	$85,433
BROCK ENGSTROM	ND STATE EXEC BOARD MEMBER	14.00	Officer	$32,277	$9,538	$41,815
SHANE RYDEN	MN STATE EXEC BOARD MEMBER	13.00	Officer	$16,494	$5,381	$21,875
DEAN ABATTE	VICE PRESIDENT	7.00	Officer	$19,671	$6,005	$25,676
JARRED HOOVER	TREASURER	7.00	Officer	$25,872	$35,886	$61,758
AARON KOBES	RECORDING SECRETARY	3.00	Officer	$12,136	$0	$12,136
EDWARD YUN	BRANCH PRESIDENT	2.00	Officer	$7,013	$0	$7,013

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	$517,425	$472,983	$413,583	$44,442
2023	$523,385	$453,515	$382,856	$69,870
2022	$474,252	$448,177	$319,677	$26,075
2021	$426,432	$381,793	$291,849	$44,639
2020	$376,469	$333,600	$230,924	$42,869
2019	$365,555	$352,054	$187,035	$13,501
2018	$354,532	$324,456	$171,074	$30,076