UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA 56 (EIN 041922536) - 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

1919

Legal Domicile

Principal Officer

John Dunderdale

Phone

6174431988

Tax Period

2023-07-01 to 2024-06-30

UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA 56, founded in 1919, is a small nonprofit that reported $247K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $326K exceeded revenue, resulting in a 32% operating deficit.

Mission

To provide union representation to its members, to organize workers and to secure improved wages, hour, working conditions and other economic advantages through organizing, negotiations and collective bargaining.

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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 $122,793

Investment Income $9,817

Other Revenue $113,903

TOTAL REVENUE $246,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,126

Fundraising Expenses $0

Program Expenses $326,374

Other Expenses $122,248

TOTAL EXPENSES $326,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,513	$292,047	-0.2%
Expenses	$326,374	$359,162	-0.1%
Net Income	$-79,861	$-67,115	+0.2%

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

$318,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Davey	President/Business Rep/Delegate	2	Officer	$2,509	$6,329	$153,125
John H Dunderdale	Financial Sec'ty/Delegate	2	Officer	$2,968	$9,339	$148,549
Emily Porter	Conductor	2	Officer	$3,606	$151	$3,757
Ziven E Drake	Recording Sec'ty/Delegate	2	Officer	$2,809	$151	$2,960
Juan E Novoa	Treasurer/Alt Delegate	2	Officer	$2,034	$151	$2,185
Shawn Crosby	Trustee	2	Officer	$1,591	$151	$1,742
Aaron Ott	Trustee	2	Officer	$1,554	$135	$1,689
Justine Alves	Trustee	2	Officer	$1,378	$142	$1,520
Jonathon Kotak	Warden	2	Officer	$1,167	$151	$1,318
Nicholas Schulz	Vice President/Delegate	2	Officer	$1,042	$146	$1,188

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
2025	No data	No data	No data	No data
2024	$246,513	$326,374	$201,835	$-79,861
2023	$292,047	$359,162	$281,696	$-67,115

UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA 56