International Brotherhood of Teamsters Local Union No 673

What it reported doing in 2025

To unite into one labor organization all workers eligible for membership regardless of religion, race, creed, color, national origin, age, physical disability or sex or orientation; to engage in organizing workers to provide the benefit of unionism to all workers and to protect and preserve the benefits obtained for members of this organization; to secure improved wages, hours, working conditions and other economic advantages through organization, negotiations, and collective bargaining, through legal and economic means, and other lawful methods; to provide educational advancement and training for employees, members and officers; to safeguard, advance and promote the principle of free collective bargaining, the rights of workers, farmers, and consumers, and the security and welfare of all the people by political, educational and other community activity; to engage in cultural, civic, legislative, political, fraternal, educational, charitable, welfare, social and other activities which further the interests of this organization and its membership, directly or indirectly; to provide financial and moral assistance to other labor organizations or other bodies having purposes and objectives in whole or in part similar or related to those of this organization; to engage in community activities which will advance the interests of this organization and its members in the community and in the nation, directly or indirectly; to protect and preserve the union as an institution and to perform its legal contractual obligations; to carry out the objectives of the international union as an affiliate thereof and its duties as such an affiliate; to receive, manage, invest, expend, or otherwise use the funds and property of this organization to carry out the duties and to achieve the objectives set forth in the bylaws and the international constitution and for such additional purposes and objects consistent therewith as will further the interests of this organization and its members, directly or indirectly.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 5%; rating input score 43; 43rd percentile among comparable filings
• Total-asset coverage ratio: 1.26; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
• Officer compensation ratio: 38.7%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 2.5% per year; rating input score 100; 19th percentile among comparable filings
• Asset growth: 8.4% per year; rating input score 100; 51st percentile among comparable filings