LOCAL UNION 567 BUILDING CORPORATION (EIN 010443300) - 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

1988

Legal Domicile

Principal Officer

MICHAEL HASKELL

Phone

2077869770

Tax Period

2024-01-01 to 2024-12-31

LOCAL UNION 567 BUILDING CORPORATION is a tax-exempt nonprofit with EIN 010443300, based in LEWISTON, ME. Founded in 1988, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $143,105 in total revenue and $147,053 in total expenses, with net assets of $424,639.

Mission

OWN AND OPERATE REAL ESTATE FOR THE BENEFIT OF LOCAL UNION 567 AND OTHER NON-PROFIT ENTITIES

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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 $143,099

Investment Income $6

Other Revenue $0

TOTAL REVENUE $143,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $147,053

TOTAL EXPENSES $147,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,105	$132,973	+0.1%
Expenses	$147,053	$128,071	+0.1%
Net Income	$-3,948	$4,902	-1.8%

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

N/A

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

Total Directors

$169,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS LEHOUILLIER	BUSINESS MANAGER	1.00	Director	$0	$55,762	$161,695
ANDREW BREAU	EXECUTIVE BOARD	1.00	Director	$0	$0	$2,375
MICHAEL ROY	EXECUTIVE BOARD	1.00	Director	$0	$0	$1,450
JUSTIN WALSH	PRESIDENT	1.00	Director	$0	$0	$1,200
ALAN SHEPARD	TREASURER	1.00	Director	$0	$0	$1,200
GREGORY GLEDHILL	RECORDING SECRETARY	1.00	Director	$0	$0	$1,200
DOMINIC DEGIFICO	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JEFF DUNN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0

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	$143,105	$147,053	$721,440	$-3,948
2023	$132,973	$128,071	$744,299	$4,902
2022	$172,552	$120,926	$756,951	$51,626
2021	$129,699	$123,229	$722,984	$6,470
2020	$133,489	$123,775	$733,490	$9,714
2019	$188,159	$172,853	$738,533	$15,306
2018	$185,349	$166,798	$737,269	$18,551

LOCAL UNION 567 BUILDING CORPORATION