BUILDING TRADES EMPLOYERS' ASSOCIATION OF EASTERN MASSACHUSETTS (EIN 041133160) - 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

1964

Legal Domicile

Principal Officer

THOMAS S GUNNING

Phone

7818493220

Tax Period

2023-01-01 to 2023-12-31

BUILDING TRADES EMPLOYERS' ASSOCIATION OF EASTERN MASSACHUSETTS, founded in 1964, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $2.3M left a modest 12% surplus.

Mission

REPRESENT UNION CONTRACTORS IN THE BUILDING AND CONSTRUCTION INDUSTRY IN BOSTON AND EASTERN MA.

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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 $2,560,085

Investment Income $66,290

Other Revenue $0

TOTAL REVENUE $2,626,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,194,234

Fundraising Expenses $0

Other Expenses $1,126,021

TOTAL EXPENSES $2,320,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,626,375	$2,963,741	-0.1%
Expenses	$2,320,255	$2,085,885	+0.1%
Net Income	$306,120	$877,856	-0.7%

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

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

$319,306

Total Directors

$361,913

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS S GUNNING	SEC/TREAS & EXEC DIRECTOR	30.00	Officer Director	$319,306	$0	$319,306
ALBERT J WELCH III	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN R GILL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID P POWELL	LABOR REGULATIONS	30.00	Director	$42,607	$0	$42,607
DAVID CARTER	DIRECTOR	5.00	Director	$0	$0	$0
JOHN DESMOND	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN BENSON	DIRECTOR	5.00	Director	$0	$0	$0
RUSSELL ANDERSON	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS STEEVES	DIRECTOR	5.00	Director	$0	$0	$0
MARK KENNEDY	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT MARSHALL	DIRECTOR	5.00	Director	$0	$0	$0
RODNEY FRIAS	DIRECTOR	5.00	Director	$0	$0	$0
LAWRENCE MILLER	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$2,626,375	$2,320,255	$3,453,869	$306,120
2022	$2,963,741	$2,085,885	$3,638,124	$877,856
2021	$1,872,935	$1,557,587	$2,429,269	$315,348
2020	$1,409,886	$1,171,877	$2,083,914	$238,009
2019	$1,354,033	$1,097,943	$1,504,654	$256,090
2018	$1,033,890	$1,018,440	$1,158,086	$15,450

BUILDING TRADES EMPLOYERS' ASSOCIATION OF EASTERN MASSACHUSETTS