SMART LOCAL UNION NO 40

EIN: 060532495

ROCKY HILL, CT

Total Revenue
$1,113,608
Total Expenses
$1,158,632
Total Assets
$3,547,438
Net Assets
$2,387,460
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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
1940
Legal Domicile
CT
Phone
8605292616
Tax Period
2020-01-01 to 2020-12-31

SMART LOCAL UNION NO 40, founded in 1940, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $2.4M represent 26 months of operating reserves.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND PROTECT THE INTEREST OF MEMBERS WHILE HELPING TO ELEVATE MORAL, INTELLECTUAL & SOCIAL CONDITIONS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $992,230
Investment Income $85,276
Other Revenue $36,102
TOTAL REVENUE $1,113,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $709,149
Fundraising Expenses $0
Other Expenses $424,483
TOTAL EXPENSES $1,158,632

Year-over-Year Comparison

2020 2019 Change
Revenue $1,113,608 $1,571,366 -0.3%
Expenses $1,158,632 $1,277,698 -0.1%
Net Income $-45,024 $293,668 -1.2%
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

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Governance

Voting Members
16
Independent Members
13
Employees
5
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
5
$461,829
Total Directors
11
$1,020
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON SHERMAN VICE PRESIDENT 2.00
Director
$1,020 $0 $1,020
MARK FATICONE TRUSTEE 2.00
Director
$0 $0 $0
DENNIS GUERRERA EXECUTIVE BOARD 2.00
Director
$0 $0 $0
NICHOLAS KIRYCHUK EXECUTIVE BOARD 2.00
Director
$0 $0 $0
FRED DESCY EXECUTIVE BOARD 2.00
Director
$0 $0 $0
DAVID STEWARD CONDUCTOR 2.00
Director
$0 $0 $0
VINCENT DIMAURO WARDEN 2.00
Director
$0 $0 $0
CLIFFORD RICHARDS TRUSTEE 2.00
Director
$0 $0 $0
CHRISTOPHER SCOTT EXECUTIVE BOARD 2.00
Director
$0 $0 $0
JASON DIVITO EXECUTIVE BOARD 2.00
Director
$0 $0 $0
PAUL NIEVES TRUSTEE 2.00
Director
$0 $0 $0
DAVID ROCHE BUSINESS MGR 40.00
Officer
$106,260 $47,163 $153,423
JOHN NIMMONS BUSINESS AGENT 40.00
Officer
$105,259 $47,163 $152,422
JOHN BEAL PRESIDENT 2.00
Officer
$0 $0 $0
JAMES SALEMI RECORDING SEC. 2.00
Officer
$2,450 $0 $2,450
MAREK BRONHART BUSINESS AGENT 40.00
Officer
$106,371 $47,163 $153,534
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
2020 $1,113,608 $1,158,632 $3,547,438 $-45,024
2019 $1,571,366 $1,277,698 $3,671,722 $293,668
2018 $1,687,048 $1,469,276 $3,455,003 $217,772
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