INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 71 (EIN 560276491) - 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

1940

Legal Domicile

Principal Officer

WILLIE FORD

Phone

7045962475

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 71, founded in 1940, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 14% surplus.

Mission

LABOR ORGANIZATION

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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 $2,231,278

Investment Income $35,636

Other Revenue $19,901

TOTAL REVENUE $2,286,815

Expense Breakdown

Grants Paid $21,533

Salaries & Benefits $1,048,867

Fundraising Expenses $0

Other Expenses $888,033

TOTAL EXPENSES $1,958,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,286,815	$2,157,279	+0.1%
Expenses	$1,958,433	$1,997,094	0.0%
Net Income	$328,382	$160,185	+1.1%

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

$755,754

Total Directors

$755,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE FORD	PRESIDENT	60.00	Officer Director	$155,371	$75,201	$330,875
BRANDON PRICE	SECRETARY/TR	60.00	Officer Director	$148,765	$45,476	$194,241
MICHAEL B AUSTIN	RECORDING SE	60.00	Officer Director	$148,988	$45,149	$194,137
RICHARD M DILL	TRUSTEE	4.50	Officer Director	$10,116	$0	$10,116
SEAN C WILLIAMS	TRUSTEE	4.50	Officer Director	$8,669	$0	$8,669
WILLIAM J LOCKLEAR	TRUSTEE	4.50	Officer Director	$8,317	$0	$8,317
ADDISON E HINSON	VICE PRESIDE	4.50	Officer Director	$7,964	$0	$7,964
CLIFTON B CRAWFORD	VICE PRESIDE	4.50	Officer Director	$1,435	$0	$1,435

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	$2,286,815	$1,958,433	$3,079,219	$328,382
2023	$2,157,279	$1,997,094	$2,767,267	$160,185
2022	$2,158,092	$2,134,324	$2,633,759	$23,768
2021	$2,263,970	$1,981,501	$2,627,341	$282,469
2020	$1,888,617	$1,873,587	$2,550,526	$15,030
2019	$1,889,062	$1,777,237	$2,335,736	$111,825
2018	$1,658,699	$1,681,867	$2,257,103	$-23,168

INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 71