SHEET METAL AIR RAIL AND TRANSPORTATION WORKERS LOCAL #63 (EIN 041472055) - 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

1903

Legal Domicile

Principal Officer

MICHAEL LAFLEUR

Phone

4137338332

Tax Period

2020-01-01 to 2020-12-31

SHEET METAL AIR RAIL AND TRANSPORTATION WORKERS LOCAL #63, founded in 1903, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $222K, a strong 15% operating margin.

Mission

LABOR UNION LOCAL NEGOTIATE CONTRACTS - COLLECTIVE BARGANING AND REPRESENT MEMBERS THAT HAVE GRIEVENCES WITH THE EMPLOYERS

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,439,896

Program Service Revenue $0

Investment Income $138

Other Revenue $0

TOTAL REVENUE $1,440,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,825

Fundraising Expenses $0

Program Expenses $1,085,901

Other Expenses $447,024

TOTAL EXPENSES $1,218,267

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,440,034	$1,308,331	+0.1%
Expenses	$1,218,267	$1,329,101	-0.1%
Net Income	$221,767	$-20,770	-11.7%

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

$269,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAFLEUR	BUSINESS MANAGER	40.00	Officer	$22,872	$0	$22,872
EDWARD F O'KEEFE	BUSINESS AGENT/PRESIDENT	40.00	Officer	$92,047	$0	$92,047
GERARD LABRECQUE	CONDUCTOR	1.00	Director	$0	$0	$0
SCOTT OSTRANDER	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
SCOTT DEMERS	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
KEVIN ANDERSON	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JAMES MOORE	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
ROBERT DAVIS	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
KYLE VIOLETTE	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MARK SAVOY	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
DAVID DOS REIS	GENERAL FUND TTEE	1.00	Director	$0	$0	$0
JOSE RAMOS	GENERAL FUND TTEE	1.00	Director	$0	$0	$0
MATTHEW MACBRIAN	GENERAL FUND TTEE	1.00	Director	$0	$0	$0
JOHN SCAVOTTO JR	BUSINESS MANAGER	40.00	Officer	$63,396	$0	$63,396
DANIEL MULCAHY	MARKETING REP	40.00	Officer	$91,127	$0	$91,127
YVAN VACHON	WARDEN	1.00	Officer	$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
2020	$1,440,034	$1,218,267	$604,076	$221,767
2019	$1,308,331	$1,329,101	$397,782	$-20,770
2018	$1,286,943	$1,295,369	$392,429	$-8,426

SHEET METAL AIR RAIL AND TRANSPORTATION WORKERS LOCAL #63