INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL NO 962 (EIN 930236781) - 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

Legal Domicile

Phone

2083435439

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL NO 962 is a small nonprofit that reported $809K in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 215% operating deficit.

Mission

LABOR UNION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $784,357

Investment Income $23,068

Other Revenue $1,654

TOTAL REVENUE $809,079

Expense Breakdown

Grants Paid $500

Salaries & Benefits $315,286

Fundraising Expenses $0

Other Expenses $2,229,303

TOTAL EXPENSES $2,545,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$809,079	N/A	N/A
Expenses	$2,545,089	N/A	N/A
Net Income	$-1,736,010	N/A	N/A

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

$83,758

Total Directors

$139,628

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAREL HARDENBROOK	Trustee	Director	$50,000	$0	$50,000
DION CHRISTIE	President	Officer Director	$48,277	$0	$48,277
CHARLES POOL	SECRETARY/TREAS	Officer Director	$22,574	$0	$22,574
JERRY STUART	RECORDING SEC	Officer Director	$12,235	$0	$12,235
ERIC OLSON	Trustee	Director	$5,029	$0	$5,029
SEAN JEPSEN	Vice President	Officer Director	$672	$0	$672
JAMES VERMILLION	Trustee	Director	$621	$0	$621
ANTHONY BUSH	Trustee	Director	$220	$0	$220

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
2023	$809,079	$2,545,089	No data	$-1,736,010
2021	$1,329,059	$1,000,853	$1,572,490	$328,206
2020	$1,173,408	$912,004	$1,208,973	$261,404
2019	$1,090,850	$1,025,451	$956,059	$65,399
2018	$1,026,603	$954,650	$764,799	$71,953

INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL NO 962