TEAMSTERS LOCAL UNION NO 688 (EIN 430640435) - 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

1941

Legal Domicile

Principal Officer

CHRISTOPHER TONGAY

Phone

3145135800

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL UNION NO 688, founded in 1941, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year.

Mission

THE LOCAL REPRESENTS ITS MEMBERS FOR THE FOLLOWING: TO SECURE IMPROVED WAGES,HOURS,WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION,NEGOTIATION AND COLLECTIVE BARGAINING.

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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 $6,202,530

Investment Income $108,872

Other Revenue $0

TOTAL REVENUE $6,311,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,353,505

Fundraising Expenses $0

Other Expenses $2,787,598

TOTAL EXPENSES $6,141,103

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,311,402	$6,671,271	-0.1%
Expenses	$6,141,103	$6,319,233	0.0%
Net Income	$170,299	$352,038	-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

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

$961,004

Total Directors

$64,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA WOLTERING	TRUSTEE	10.00	Director	$21,763	$0	$21,763
PERRY SMITH	TRUSTEE	10.00	Director	$23,925	$0	$23,925
MIA HOGAN	TRUSTEE	10.00	Director	$19,264	$0	$19,264
LARRY SPRINKLEJR	PRESIDENT	40.00	Officer	$173,734	$75,494	$249,228
CHRISTOPHER TONGAY	SECRETARY TREASURER	40.00	Officer	$178,734	$65,401	$244,135
JIM BARRETT	VICE PRESIDENT	40.00	Officer	$168,734	$69,772	$238,506
DOUG CARLSON	RECORDING SECRETARY	40.00	Officer	$163,734	$65,401	$229,135

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	$6,311,402	$6,141,103	$4,099,224	$170,299
2024	$6,671,271	$6,319,233	$4,099,175	$352,038
2023	$6,310,746	$6,016,072	$3,750,059	$294,674
2022	$6,047,436	$5,736,698	$3,446,183	$310,738
2021	$5,604,278	$5,256,315	$3,147,486	$347,963
2020	$5,276,309	$4,862,533	$2,797,287	$413,776
2019	$4,845,797	$4,597,823	$2,380,904	$247,974
2018	$4,554,798	$4,590,267	$2,131,865	$-35,469

TEAMSTERS LOCAL UNION NO 688