TEAMSTERS LOCAL #326 (EIN 510106272) - 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

1967

Legal Domicile

Principal Officer

JOSEPH SMITH

Phone

3023282387

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS LOCAL #326, founded in 1967, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 6% surplus.

Mission

TO UNITE INTO ONE LABOR ORGANIZATION ALL WORKERS ELIGIBLE FOR MEMBERSHIP, REGARDLESS OF RELIGION, RACE, CREED, COLOR, NATIONAL ORIGIN, AGE, PHYSICAL DISABILITY OR SEX.

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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 $0

Program Service Revenue $1,551,235

Investment Income $2,614

Other Revenue $0

TOTAL REVENUE $1,553,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $841,143

Fundraising Expenses $0

Other Expenses $617,400

TOTAL EXPENSES $1,458,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,553,849	$1,323,720	+0.2%
Expenses	$1,458,543	$1,255,777	+0.2%
Net Income	$95,306	$67,943	+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

$684,467

Total Directors

$31,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG HITE	TRUSTEE	5.00	Director	$6,470	$0	$6,470
JAMES SPARKS	TRUSTEE (P)	5.00	Director	$1,386	$0	$1,386
CHARLES BRADFORD IV	TRUSTEE	5.00	Director	$6,115	$0	$6,115
MATTHEW HASTY	RECORDING SECRETARY	5.00	Director	$12,898	$0	$12,898
STEVEN IEVOLI	TRUSTEE	5.00	Director	$4,729	$0	$4,729
JOSEPH W SMITH	PRESIDENT	40.00	Officer	$138,979	$95,698	$234,677
LEONARD MCCARTNEY	VICE-PRESIDENT	40.00	Officer	$131,139	$93,744	$224,883
PAUL THORNBURG	SEC-TREASURER	40.00	Officer	$131,163	$93,744	$224,907

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	$1,553,849	$1,458,543	$989,949	$95,306
2023	$1,323,720	$1,255,777	$894,577	$67,943
2022	$1,414,332	$1,270,266	$826,634	$144,066
2021	$1,360,279	$1,143,021	$682,568	$217,258
2020	$1,203,519	$1,116,141	$465,310	$87,378
2019	$1,155,441	$1,107,170	$377,932	$48,271
2018	$1,071,304	$1,016,259	$329,661	$55,045

TEAMSTERS LOCAL #326