Teamsters Local 688 Real Estatecompany
Teamsters Local 688 Real Estatecompany maintains stable assets with minimal reported expenses and zero officer compensation.
EIN: 204658472 · Woodson Terrace, MO · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $494K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $463K |
| Transparency Score | 55/100 |
Is Teamsters Local 688 Real Estatecompany Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teamsters Local 688 Real Estatecompany directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teamsters Local 688 Real Estatecompany
Teamsters Local 688 Real Estatecompany (EIN: 204658472) is a nonprofit organization based in Woodson Terrace, MO, classified under NTEE code S47. The organization reported total revenue of $494K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teamsters Local 688 Real Estatecompany's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teamsters Local 688 Real Estatecompany is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $0 |
| Surplus / Deficit | +$90K |
| Total Assets | $1.3M |
| Total Liabilities | $828K |
| Net Assets | $463K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 64.1% |
Financial Health Grade: B
In 2023, Teamsters Local 688 Real Estatecompany reported a surplus of $90K with revenue exceeding expenses, has a debt-to-asset ratio of 64.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.2% | -100.0% | -6.8% |
| 2022 | +5.6% | +0.0% | -4.8% |
| 2021 | +4.5% | +0.0% | +6.3% |
| 2020 | +54.8% | +71.4% | -11.2% |
| 2019 | -4.5% | — | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Teamsters Local 688 Real Estatecompany with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Teamsters Local 688 Real Estatecompany allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 64.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with over $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Teamsters Local 688 Real Estatecompany's IRS 990 filings:
- Consistently minimal or zero reported expenses, making it difficult to assess operational activity and program spending efficiency.
- Historically high liabilities, often exceeding assets, indicating potential financial risk.
- Significant fluctuations in revenue, including negative revenue in some years, suggesting an unstable or non-traditional income model.
- Lack of detailed expense breakdown in filings, hindering transparency regarding how funds are utilized.
Strengths
The following positive indicators were identified for Teamsters Local 688 Real Estatecompany:
- Zero officer compensation reported, indicating no executive pay from the organization.
- Stable asset base, consistently over $1 million.
- Recent reduction in liabilities, improving the organization's financial position (e.g., from $1,666,181 in 2014 to $828,343 in 2023).
Frequently Asked Questions about Teamsters Local 688 Real Estatecompany
Is Teamsters Local 688 Real Estatecompany a legitimate charity?
Based on AI analysis of IRS 990 filings, Teamsters Local 688 Real Estatecompany (EIN: 204658472) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Teamsters Local 688 Real Estatecompany spend its money?
Teamsters Local 688 Real Estatecompany directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Teamsters Local 688 Real Estatecompany tax-deductible?
Teamsters Local 688 Real Estatecompany is registered as a tax-exempt nonprofit (EIN: 204658472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Teamsters Local 688 Real Estatecompany CEO make?
Teamsters Local 688 Real Estatecompany's highest-compensated officer earns $1 annually. The organization reported $494K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Teamsters Local 688 Real Estatecompany compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Teamsters Local 688 Real Estatecompany is near average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Teamsters Local 688 Real Estatecompany located?
Teamsters Local 688 Real Estatecompany is headquartered in Woodson Terrace, Missouri and files with the IRS under EIN 204658472. It is classified under NTEE code S47.
How many years of IRS 990 filings does Teamsters Local 688 Real Estatecompany have?
Teamsters Local 688 Real Estatecompany has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $494K in total revenue.
What is the primary purpose of Teamsters Local 688 Real Estatecompany, given its NTEE code and minimal reported expenses?
The NTEE code S47 suggests it's related to labor unions, but the 'Real Estatecompany' in its name and minimal expenses (often $0) raise questions about its core activities and how it fulfills its mission without significant operational outlays.
How does the organization generate its revenue, especially given the negative revenues reported in 2014 and 2015?
The revenue stream is inconsistent, with significant fluctuations and even negative figures, suggesting it may not rely on traditional donations or program service fees, but possibly on investment income or specific real estate transactions.
Why are expenses consistently reported as $0 or very low, such as $18,742, despite having over $1 million in assets?
The minimal reported expenses are highly unusual for an organization of its size and asset base, suggesting either an extremely lean operation, a different accounting method for its core activities, or that its 'program' is not expense-intensive in a traditional sense.
What is the nature of the liabilities, which historically exceeded assets and have only recently decreased significantly?
Historically high liabilities, often greater than assets, indicate a significant debt burden or other financial obligations. While they have decreased, understanding their nature (e.g., mortgages, loans) is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Teamsters Local 688 Real Estatecompany showing financial trends over 13 years of public records:
Total assets decreased by 25.5% over the same period, from $1.7M to $1.3M. The organization holds $828K in liabilities against $1.3M in assets (debt-to-asset ratio: 64.1%), resulting in net assets of $463K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $0 | $1.3M | $828K | — | View 990 |
| 2022 | $129K | $19K | $1.4M | $1.0M | — | View 990 |
| 2021 | $122K | $19K | $1.5M | $1.2M | — | — |
| 2020 | $117K | $19K | $1.4M | $1.2M | — | — |
| 2019 | $76K | $11K | $1.5M | $1.5M | — | View 990 |
| 2018 | $79K | $0 | $1.5M | $1.5M | — | View 990 |
| 2017 | $58K | $0 | $1.5M | $1.6M | — | View 990 |
| 2016 | $28K | $0 | $1.5M | $1.6M | — | View 990 |
| 2015 | $-33,340 | $0 | $1.4M | $1.6M | — | View 990 |
| 2014 | $-19,840 | $0 | $1.5M | $1.7M | — | View 990 |
| 2013 | $-36,890 | $0 | $1.6M | $1.7M | — | View 990 |
| 2012 | $-13,156 | $0 | $1.7M | $1.8M | — | View 990 |
| 2011 | $-14,391 | $0 | $1.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $0, and assets of $1.3M (revenue -30.2% year-over-year).
- 2022: Revenue of $129K, expenses of $19K, and assets of $1.4M (revenue +5.6% year-over-year).
- 2021: Revenue of $122K, expenses of $19K, and assets of $1.5M (revenue +4.5% year-over-year).
- 2020: Revenue of $117K, expenses of $19K, and assets of $1.4M (revenue +54.8% year-over-year).
- 2019: Revenue of $76K, expenses of $11K, and assets of $1.5M (revenue -4.5% year-over-year).
- 2018: Revenue of $79K, expenses of $0, and assets of $1.5M (revenue +35.4% year-over-year).
- 2017: Revenue of $58K, expenses of $0, and assets of $1.5M (revenue +112.1% year-over-year).
- 2016: Revenue of $28K, expenses of $0, and assets of $1.5M.
- 2015: Revenue of $-33,340, expenses of $0, and assets of $1.4M.
- 2014: Revenue of $-19,840, expenses of $0, and assets of $1.5M.
- 2013: Revenue of $-36,890, expenses of $0, and assets of $1.6M.
- 2012: Revenue of $-13,156, expenses of $0, and assets of $1.7M.
- 2011: Revenue of $-14,391, expenses of $0, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teamsters Local 688 Real Estatecompany:
Data Sources and Methodology
This transparency report for Teamsters Local 688 Real Estatecompany is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.