TEAMSTERS UNION LOCAL #2 (EIN 810157323) - 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

1910

Legal Domicile

Principal Officer

ERIN FOLEY

Phone

4064942747

Tax Period

2024-01-01 to 2024-12-31

TEAMSTERS UNION LOCAL #2, founded in 1910, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024.

Mission

COLLECTIVE BARGAINING FOR UNION BENEFITS.

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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 $2,428,109

Investment Income $39,708

Other Revenue $8,806

TOTAL REVENUE $2,476,623

Expense Breakdown

Grants Paid $3,830

Salaries & Benefits $1,499,098

Fundraising Expenses $0

Other Expenses $1,174,469

TOTAL EXPENSES $2,677,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,476,623	$2,386,770	+0.0%
Expenses	$2,677,397	$2,497,152	+0.1%
Net Income	$-200,774	$-110,382	+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

Employees

Volunteers

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

$514,293

Total Directors

$514,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN FOLEY	SECRETARY/TREASURER	40.00	Officer Director	$108,896	$37,110	$146,006
AARON RALPH	PRESIDENT (RETIRED MAY 2024)	40.00	Officer Director	$50,414	$18,545	$68,959
RAY SCHONSBERG	PRESIDENT	40.00	Officer Director	$55,575	$24,864	$80,439
JASON BROWN	VICE PRESIDENT	2.00	Officer Director	$3,766	$0	$3,766
JASON THOMPSON	RECORDING SECRETARY	40.00	Officer Director	$94,353	$37,110	$131,463
KALANI PAEA	TRUSTEE	2.00	Officer Director	$3,808	$0	$3,808
CARL DANIEL	TRUSTEE	2.00	Officer Director	$1,550	$0	$1,550
JD OLSON	TRUSTEE (THRU JUNE 2024)	40.00	Officer Director	$55,506	$21,896	$77,402
JASON STRUPPLER	TRUSTEE (THRU NOV 2024)	2.00	Officer Director	$900	$0	$900

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	$2,476,623	$2,677,397	$1,664,418	$-200,774
2023	$2,386,770	$2,497,152	$1,843,211	$-110,382
2022	$2,178,415	$2,019,969	$1,953,506	$158,446
2021	$1,975,908	$1,851,411	$1,795,061	$124,497
2020	$1,952,362	$1,716,307	$1,670,564	$236,055
2019	$1,819,695	$1,672,045	$1,434,509	$147,650
2018	$1,752,613	$1,647,405	$1,286,858	$105,208

TEAMSTERS UNION LOCAL #2