TEAMSTERS LOCAL UNION NO 509

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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

1951

Legal Domicile

Principal Officer

BRIAN S CLARDY

Phone

8037966172

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL UNION NO 509, founded in 1951, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2025. Expenses of $4.4M left a modest 3% surplus.

Mission

TO PROVIDE UNION REPRESENTATION FOR 4,687 MEMBERS OF TEAMSTERS LOCAL UNION NO. 509.

Program Service Accomplishments

Program 1

THE UNION HELPS TO IMPROVE WAGES, HOURS, & WORKING CONDITIONS BY REPRESENTING MEMBERS IN GRIEVANCE PROCEDURES, ARBITRATION & CONTRACT NEGOTIATIONS. THESE BENEFITS WERE AVAILABLE TO 4,687 MEMBERS.

Program 2

ORGANIZING EFFORTS RESULT IN NEW BARGANING UNITS, WHICH HELP TO PROMOTE THE PRINCIPLE OF FREE COLLECTIVE BARGAINING, AND TO STRENGTHEN THE UNIONS NUMBERS TO HELP ACHIEVE THE RESULTS IN 4(A) ABOVE.

Program 3

THE UNION ASSISTS MEMBERS WITH VARIOUS BENEFIT PROGRAMS. THESE BENEFITS INCLUDE A PENSION PLAN AND A HEALTH & WELFARE INSURANCE PLAN THAT ARE AVAILABLE TO UNION MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,297,415

Investment Income $87,477

Other Revenue $128,214

TOTAL REVENUE $4,513,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,302,099

Fundraising Expenses $0

Other Expenses $1,954,450

TOTAL EXPENSES $4,373,178

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,513,106	$4,743,483	0.0%
Expenses	$4,373,178	$4,015,661	+0.1%
Net Income	$139,928	$727,822	-0.8%

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

$790,889

Total Directors

$271,083

Key Employees

$1,067,432

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN S CLARDY	PRESIDENT	70.00	Officer	$174,779	$45,552	$227,131
CHARLEY BROOKS	VICE-PRESIDENT	60.00	Officer	$150,131	$45,552	$195,683
MICHAEL POWERS	SECRETARY-TREASURER	68.00	Officer	$169,526	$45,552	$222,178
BRIAN MATHIS	RECORDING SECRETARY	60.00	Officer	$115,774	$30,123	$145,897
VICTORIA ESCUDERO	TRUSTEE	2.00	Director	$10,779	$0	$10,779
CHADWICK WILLOUGHBY	TRUSTEE	60.00	Director Key Emp	$51,736	$13,146	$64,882
WILLIAM J CARTEE	TRUSTEE/BUSINESS AGENT	60.00	Director	$149,870	$45,552	$195,422
DANIEL GEDDINGS JR	BUSINESS AGENT	60.00	Key Emp	$150,143	$45,552	$195,695
WILLIAM PATTERSON	BUSINESS AGENT	60.00	Key Emp	$150,223	$45,552	$195,775
DANIEL BYRD	BUSINESS AGENT	60.00	Key Emp	$150,517	$45,552	$196,069
LORENZO ROUSE	BUSINESS AGENT	60.00	Key Emp	$116,407	$45,552	$161,959
KENYATA TRIBBLE	BUSINESS AGENT	60.00	Key Emp	$101,618	$30,666	$132,284
REGINA WINKLER	OFFICE MANAGER	40.00	Key Emp	$75,216	$45,552	$120,768

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	$4,513,106	$4,373,178	$4,816,862	$139,928
2024	$4,743,483	$4,015,661	$4,674,143	$727,822
2023	$3,908,349	$3,700,249	$3,949,980	$208,100
2022	$3,617,008	$3,426,152	$3,692,197	$190,856
2021	$3,400,320	$3,048,720	$3,501,286	$351,600
2020	$3,177,531	$2,951,606	$3,152,444	$225,925
2019	$3,169,410	$2,984,165	$2,923,773	$185,245
2018	$2,920,648	$2,681,783	$2,743,890	$238,865