INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 592 (EIN 540212118) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

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 $473K in total revenue in fiscal year 2018.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

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

$297,801

Total Directors

$297,801

Key Employees

Highest Compensated

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

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION NO 592