TRUCK DRIVERS & HELPERS LOCAL UNION NO 355 (EIN 520512030) - 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

1933

Legal Domicile

Principal Officer

MARK GAREY

Phone

4105665700

Tax Period

2023-01-01 to 2023-12-31

TRUCK DRIVERS & HELPERS LOCAL UNION NO 355, founded in 1933, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023.

Mission

SUPPORTING MEMBER ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,084,921

Investment Income $0

Other Revenue $17,501

TOTAL REVENUE $4,102,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,443,632

Fundraising Expenses $0

Program Expenses $3,505,145

Other Expenses $1,865,530

TOTAL EXPENSES $4,309,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,102,422	$4,138,900	0.0%
Expenses	$4,309,162	$3,911,945	+0.1%
Net Income	$-206,740	$226,955	-1.9%

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

$521,639

Total Directors

$17,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GAREY	PRESIDENT	40.00	Officer	$136,955	$0	$136,955
WILLIAM ALEXANDER	VICE PRESIDE	40.00	Officer	$120,843	$0	$120,843
DAVID WHITE	TREASURER	40.00	Officer	$153,801	$0	$153,801
MICHAEL PETRO	RECORDING SE	40.00	Officer	$110,040	$0	$110,040
JANET GENOVESE	TRUSTEE	2.00	Director	$5,923	$0	$5,923
DALE PINK	TRUSTEE	2.00	Director	$5,923	$0	$5,923
CHRISTOPHER GREENE SR	TRUSTEE	2.00	Director	$6,146	$0	$6,146

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,102,422	$4,309,162	$2,650,233	$-206,740
2022	$4,138,900	$3,911,945	$2,888,866	$226,955
2021	$3,888,669	$3,699,657	$2,691,914	$189,012
2020	$3,663,868	$3,344,749	$2,575,173	$319,119
2019	$3,795,318	$3,419,342	$2,316,302	$375,976
2018	$3,622,959	$3,383,852	$1,952,371	$239,107

TRUCK DRIVERS & HELPERS LOCAL UNION NO 355