BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL NO 3 RI MARKET RECOVERY FUND (EIN 050500289) - 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

1998

Legal Domicile

Principal Officer

RICHARD PACHECO

Phone

4019469940

Tax Period

2024-01-01 to 2024-12-31

BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL NO 3 RI MARKET RECOVERY FUND, founded in 1998, is a small nonprofit in the Employment sector that reported $223K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $255K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FUND WAS ESTABLISHED FOR THE GENERAL PURPOSE OF IDENTIFYING AND EXPANDING WORK OPPORTUNITIES FOR BRICKLAYERS AND ALLIED CRAFTWORKERS AND 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,496

Investment Income $17,147

Other Revenue $0

TOTAL REVENUE $222,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,066

Other Expenses $4,820

TOTAL EXPENSES $254,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,643	$244,934	-0.1%
Expenses	$254,686	$143,009	+0.8%
Net Income	$-32,043	$101,925	-1.3%

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
RICHARD PACHECO	TRUSTEE	10.00	Director	$0	$0	$0
WILLIAM BEAUDRY III	TRUSTEE	5.00	Director	$0	$0	$0
STEPHEN GRANDE	TRUSTEE	5.00	Director	$0	$0	$0
STEVE FEOLE	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	$222,643	$254,686	$812,832	$-32,043
2023	$244,934	$143,009	$842,263	$101,925
2022	$215,512	$178,274	$721,508	$37,238
2021	$199,253	$124,454	$690,458	$74,799
2020	$169,532	$132,734	$604,190	$36,798
2019	$241,870	$82,485	$545,620	$159,385
2018	$280,767	$139,618	$403,760	$141,149

BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL NO 3 RI MARKET RECOVERY FUND