ROOFERS UNION LOCAL NO 33 THRIFT FUND (EIN 046358332) - 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

1976

Legal Domicile

Principal Officer

PAUL BICKFORD

Phone

7813411657

Tax Period

2023-10-01 to 2024-09-30

ROOFERS UNION LOCAL NO 33 THRIFT FUND, founded in 1976, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $4.8M, a strong 29% operating margin.

Mission

THE FUND PROVIDES ANNUITY AND VACATION BENEFITS FOR APPROXIMATELY 1,251 MEMBERS OF ROOFERS LU 33. THE ANNUITY BENEFITS ARE DERIVED FROM EMPLOYER CONTRIBUTIONS WHILE VACATION BENEFITS ARE COLLECTED FROM MEMBERS PAYROLL DEDUCTIONS AND ADMINISTERED BY THE FUND FOR THEM.

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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 $13,301,319

Investment Income $3,265,167

Other Revenue $9,911

TOTAL REVENUE $16,576,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $400,457

TOTAL EXPENSES $11,731,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,576,397	$18,876,018	-0.1%
Expenses	$11,731,476	$10,492,582	+0.1%
Net Income	$4,844,921	$8,383,436	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BICKFORD	TRUSTEE	2.00	Director	$0	$0	$0
JOHN MARCONE	TRUSTEE	2.00	Director	$0	$0	$0
JOHN MEAD	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN BROUSSEAU	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KLEIN	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS GUNNING	TRUSTEE	2.00	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	$16,576,397	$11,731,476	$121,758,530	$4,844,921
2023	$18,876,018	$10,492,582	$97,673,344	$8,383,436
2022	$23,819,216	$10,567,745	$84,710,598	$13,251,471
2021	$13,376,518	$9,689,710	$101,188,774	$3,686,808
2020	$12,648,197	$7,310,277	$84,295,224	$5,337,920
2019	$14,785,284	$7,352,146	$73,898,130	$7,433,138
2018	$12,801,407	$6,493,686	$66,630,913	$6,307,721

ROOFERS UNION LOCAL NO 33 THRIFT FUND