INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 592

EIN: 540212118

RICHMOND, VA

Total Revenue
$617,486
Total Expenses
$659,994
Total Assets
$316,266
Net Assets
$300,044
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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
1937
Legal Domicile
VA
Principal Officer
JAMES R SMITH
Phone
8043299530
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 592, founded in 1937, is a small nonprofit that reported $617K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, WORKING CONDITIONS, AND ECONOMIC BENEFITS THROUGH ORGANIZATION, NEGOTIATION, AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

THE ORGANIZATION REPRESENTS INDIVIDUAL WORKERS IN PROVIDING SUPPORT IN THEIR WORK ENVIRONMENT. ITS FUNCTIONS INCLUDE NEGOTIATIONS WITH EMPLOYERS TO SECURE IMPROVED WORKING CONDITIONS AND INCREASED...

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THE ORGANIZATION REPRESENTS INDIVIDUAL WORKERS IN PROVIDING SUPPORT IN THEIR WORK ENVIRONMENT. ITS FUNCTIONS INCLUDE NEGOTIATIONS WITH EMPLOYERS TO SECURE IMPROVED WORKING CONDITIONS AND INCREASED ECONOMIC BENEFITS.

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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 $0
Program Service Revenue $558,960
Investment Income $0
Other Revenue $58,526
TOTAL REVENUE $617,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $375,091
Fundraising Expenses $0
Other Expenses $284,903
TOTAL EXPENSES $659,994

Year-over-Year Comparison

2024 2023 Change
Revenue $617,486 $361,422 +0.7%
Expenses $659,994 $445,624 +0.5%
Net Income $-42,508 $-84,202 -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

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Governance

Voting Members
7
Independent Members
N/A
Employees
9
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
7
$297,801
Total Directors
7
$297,801
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES R SMITH PRESIDENT 55.00
Officer Director
$105,976 $59,492 $175,968
CHRISTOPHER A DONALD VICE PRESIDE 2.00
Officer Director
$2,566 $0 $2,566
ROBERT FRASHURE SECRETARY/TR 40.00
Officer Director
$85,007 $19,368 $107,975
CHERI N RICE RECORDING SE 2.00
Officer Director
$2,566 $0 $2,566
WILLIAM D WALKER TRUSTEE 2.00
Officer Director
$3,080 $0 $3,080
DONALD GUNTER TRUSTEE 2.00
Officer Director
$3,080 $0 $3,080
JOSEPH W SMITH TRUSTEE 2.00
Officer Director
$2,566 $0 $2,566
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 $617,486 $659,994 $316,266 $-42,508
2023 $361,422 $445,624 $76,466 $-84,202
2022 $403,216 $439,937 $160,668 $-36,721
2021 $492,810 $490,854 $197,389 $1,956
2020 $469,672 $476,473 $195,433 $-6,801
2019 $487,741 $488,109 $202,234 $-368
2018 $473,015 $478,917 $202,602 $-5,902
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