MILLWRIGHTS LOCAL UNION 1121

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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

1963

Legal Domicile

Principal Officer

TIMOTHY MORIARTY

Phone

6172541655

Tax Period

2023-07-01 to 2024-06-30

MILLWRIGHTS LOCAL UNION 1121, founded in 1963, is a small nonprofit that reported $296K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $389K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ORGANIZE WORKERS, TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES FOR ITS MEMBERS THROUGH ORGANIZATION, NEGOTIATION AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

TO ORGANIZE WORKERS, TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES FOR ITS MEMBERS THROUGH ORGANIZATION, NEGOTIATION 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 $196,081

Program Service Revenue $68,385

Investment Income $25,816

Other Revenue $5,826

TOTAL REVENUE $296,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,075

Fundraising Expenses $0

Other Expenses $209,177

TOTAL EXPENSES $388,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,108	$480,688	-0.4%
Expenses	$388,552	$462,746	-0.2%
Net Income	$-92,444	$17,942	-6.2%

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

$919,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY P MORIARTY	FINANCIAL SECRETARY	2.00	Officer	$3,144	$96,487	$229,542
ERNEST E JOHNSON	TRUSTEE	2.00	Officer	$1,733	$61,531	$161,016
ANTHONY BENEDETTO	VICE PRESIDENT	2.00	Officer	$3,098	$96,517	$229,526
NICHOLAS W GRAZIANO	PRESIDENT	2.00	Officer	$2,659	$0	$2,659
ARON DANIELSON	TREASURER	2.00	Officer	$2,452	$93,533	$226,055
NASEEB D MASOOD	WARDEN	2.00	Officer	$926	$0	$926
JARED R BESSETTE	CONDUCTOR	2.00	Officer	$278	$0	$278
BRETT J RAINVILLE	TRUSTEE	2.00	Officer	$926	$0	$926
RICHARD J PETRUZZELLA	TRUSTEE	2.00	Officer	$1,018	$0	$1,018
PETER ZBIKOWSKI	FORMER TRUSTEE	2.00	Officer	$185	$0	$185
EVAN WYTAS	RECORDING SECRETARY	2.00	Officer	$2,011	$29,158	$67,166

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	$296,108	$388,552	$632,026	$-92,444
2023	$480,688	$462,746	$724,470	$17,942
2022	$484,199	$469,150	$706,528	$15,049
2021	$411,436	$433,906	$691,479	$-22,470
2020	$387,943	$372,601	$713,949	$15,342
2019	$469,305	$372,635	$698,607	$96,670
2018	$485,050	$379,838	$601,937	$105,212