MASONRY INDUSTRY EQUALITY FUND (EIN 046831593) - 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

2013

Legal Domicile

Principal Officer

CHARLES RASO

Phone

6172425500

Tax Period

2023-10-01 to 2024-09-30

MASONRY INDUSTRY EQUALITY FUND, founded in 2013, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 44% operating margin.

Mission

TO IMPROVE WORKING CONDITIONS THROUGH LOCAL UNION SUPPORT.

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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 $3,880,106

Investment Income $193,889

Other Revenue $0

TOTAL REVENUE $4,073,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,294,228

Other Expenses $2,296,188

TOTAL EXPENSES $2,296,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,073,995	$3,600,304	+0.1%
Expenses	$2,296,188	$2,871,729	-0.2%
Net Income	$1,777,807	$728,575	+1.4%

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
CHARLES RASO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
CHARLES RASO JR	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK FOLEN III	TRUSTEE	5.00	Director	$0	$0	$0
THOMAS MCCORMICK	TRUSTEE	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	$4,073,995	$2,296,188	$5,314,896	$1,777,807
2023	$3,600,304	$2,871,729	$3,537,089	$728,575
2022	$2,631,636	$3,077,415	$2,808,514	$-445,779
2021	$2,241,153	$4,976,052	$3,254,293	$-2,734,899
2020	$2,050,279	$1,990,305	$5,989,192	$59,974
2019	$2,508,529	$2,715,687	$5,930,666	$-207,158
2018	$2,268,658	$1,837,955	$6,137,466	$430,703

MASONRY INDUSTRY EQUALITY FUND