CHAUFFEURS TEAMSTERS & HELPERS LOCAL 878 (EIN 710050884) - 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

1965

Legal Domicile

Principal Officer

TIM NICHOLS

Phone

5015622020

Tax Period

2024-01-01 to 2024-12-31

Chauffeurs Teamsters & Helpers Local 878, founded in 1965, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018.

Mission

LABOR UNION ORGANIZING, NEGOTIATING AND PROVIDING BENEFITS FOR MEMBERS IN SECURING FAIR WAGES AND WORK PLACE SAFETY.

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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 $1,787,695

Investment Income $56,233

Other Revenue $0

TOTAL REVENUE $1,843,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $803,895

Fundraising Expenses $0

Program Expenses $1,191,372

Other Expenses $700,235

TOTAL EXPENSES $1,504,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,843,928	$1,691,156	+0.1%
Expenses	$1,504,130	$1,366,610	+0.1%
Net Income	$339,798	$324,546	+0.0%

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

$390,859

Total Directors

$25,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE HENCY	TRUSTEE	5.00	Director	$8,500	$0	$8,500
KENTON SPICER	TRUSTEE	5.00	Director	$8,129	$0	$8,129
JOHN FIKES	TRUSTEE	5.00	Director	$9,021	$0	$9,021
TIM NICHOLS	PRESIDENT	40.00	Officer	$135,949	$0	$135,949
KIMBERLY STAIR-SUMERS	TREASURER	40.00	Officer	$136,187	$0	$136,187
DAVE HALL	VICE PRESIDENT	5.00	Officer	$9,951	$0	$9,951
JOHN GALE	RECORDING SECRETARY	40.00	Officer	$108,772	$0	$108,772

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	$1,843,928	$1,504,130	$2,172,624	$339,798
2023	$1,691,156	$1,366,610	$1,880,835	$324,546
2022	$1,488,613	$1,299,493	$1,581,533	$189,120
2021	$1,538,999	$1,230,211	$1,428,866	$308,788
2020	$1,437,433	$1,166,964	$1,147,054	$270,469
2019	$1,444,372	$1,233,890	$915,311	$210,482
2018	$1,285,178	$1,311,326	$731,001	$-26,148

CHAUFFEURS TEAMSTERS & HELPERS LOCAL 878