UNITED CONSTRUCTION TRADE LOCAL 621 (EIN 010684209) - 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

2003

Legal Domicile

Principal Officer

ANDREW TALAMO

Phone

7183264052

Tax Period

2023-01-01 to 2023-12-31

UNITED CONSTRUCTION TRADE LOCAL 621, founded in 2003, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 537% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 11% surplus.

Mission

LOCAL UNION COLLECTIVLY BARGAINS FOR FAIR WAGES AND BENEFITS. ALL EXPENSES INCURRED ARE FOR MEMBERSHIP PURPOSES.

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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 $1,283,608

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,283,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $756,675

Fundraising Expenses $0

Other Expenses $383,597

TOTAL EXPENSES $1,140,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,283,608	$201,404	+5.4%
Expenses	$1,140,272	$163,825	+6.0%
Net Income	$143,336	$37,579	+2.8%

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

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

$593,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW TALAMO	BUSINESS MAN	39.00	Officer	$270,128	$0	$270,128
DEAN DELUCIA	SEC TREASURE	N/A	Officer	$205,737	$0	$245,737
JOHN DEVINE	PRESIDENT	N/A	Officer	$52,904	$0	$52,904
RAFAEL GRIFFIN	VICE PRESIDE	N/A	Officer	$0	$0	$25,000

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	No data	No data	No data	No data
2023	$1,283,608	$1,140,272	$150,176	$143,336
2022	$201,404	$163,825	$7,428	$37,579
2021	$223,307	$237,773	$2,810	$-14,466
2020	$227,710	$225,314	$15,415	$2,396
2019	$202,867	$197,965	$13,186	$4,902

UNITED CONSTRUCTION TRADE LOCAL 621