CHAUFFEURS TEAMSTERS & HELPERS LOCAL 391 (EIN 560429505) - 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

1938

Legal Domicile

Principal Officer

CECIL V GAMMON

Phone

3366680441

Tax Period

2024-01-01 to 2024-12-31

CHAUFFEURS TEAMSTERS & HELPERS LOCAL 391, founded in 1938, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 17% operating margin.

Mission

LABOR UNION LOCAL-SEE FORM 990 PART III, LINE 4A

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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 $6,159,591

Investment Income $658,564

Other Revenue $122,430

TOTAL REVENUE $6,940,585

Expense Breakdown

Grants Paid $5,250

Salaries & Benefits $2,721,955

Fundraising Expenses $0

Program Expenses $4,642,793

Other Expenses $2,975,310

TOTAL EXPENSES $5,771,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,940,585	$5,840,349	+0.2%
Expenses	$5,771,787	$4,855,557	+0.2%
Net Income	$1,168,798	$984,792	+0.2%

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

$738,106

Total Directors

$772,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCGAHA	President	40.00	Officer Director	$155,919	$43,944	$199,863
CECIL V GAMMON	SEC/TREASURER	40.00	Officer Director	$147,879	$43,944	$191,823
R ARMSTRONG	Vice President	40.00	Officer Director	$132,183	$43,944	$176,127
RACHEL ARMSTRONG	Secretary	40.00	Officer Director	$126,349	$43,944	$170,293
KS MATTHEWS	Trustee	10.00	Director	$13,401	$0	$13,401
J WILKINS	Trustee	10.00	Director	$10,930	$0	$10,930
JF GEORGE	Trustee	10.00	Director	$10,266	$0	$10,266

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	$6,940,585	$5,771,787	$14,689,394	$1,168,798
2023	$5,840,349	$4,855,557	$13,382,279	$984,792
2022	$4,887,953	$4,563,301	$11,855,185	$324,652
2021	$4,831,809	$4,076,894	$12,282,562	$754,915
2020	$4,740,757	$4,429,444	$11,368,841	$311,313
2019	$4,315,651	$3,665,563	$10,235,448	$650,088

CHAUFFEURS TEAMSTERS & HELPERS LOCAL 391