42 REALTY CORPORATION LOCAL 42 REALTY (EIN 060925440) - 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

1975

Legal Domicile

Principal Officer

MICHAEL TREADWELL

Phone

8606467297

Tax Period

2025-01-01 to 2025-12-31

42 REALTY CORPORATION LOCAL 42 REALTY, founded in 1975, is a micro nonprofit that reported $18K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $280K exceeded revenue, resulting in a 1441% operating deficit.

Mission

TO ACT AS A REAL ESTATE HOLDING COMPANY FOR A LOCAL UNION. RENTS 100% OF PROPERTY TO AFFILIATED EXEMPT ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,187

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,221

TOTAL EXPENSES $280,221

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,187	$16,351	+0.1%
Expenses	$280,221	$291,185	0.0%
Net Income	$-262,034	$-274,834	0.0%

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

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

$997,962

Total Directors

Key Employees

$312,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TREADWELL	BUSINESS MGR/FIN. SEC.	2.00	Officer	$0	$84,750	$338,351
PAWEL ROBAK JR	RECORDING SECRETARY	2.00	Officer	$0	$84,750	$323,568
JOSE RAMOS	VICE PRESIDENT/BUSINESS RER	2.00	Officer	$0	$84,750	$312,996
FRED SHARPE JR	EXECUTIVE BOARD	2.00	Officer	$0	$0	$6,874
MICHAEL F FLANAGAN	EXECUTIVE BOARD	2.00	Officer	$0	$0	$4,000
R WILLIAM RISLEY JR	TREASURER	2.00	Officer	$0	$0	$4,000
PATRICK DOWLAND	EXECUTIVE BOARD	2.00	Officer	$0	$0	$3,750
DANIEL HARTLEY	PRESIDENT	2.00	Officer	$0	$0	$3,750
JASON LOCKTON	EXECUTIVE BOARD	2.00	Officer	$0	$0	$673
DEREK SANTA LUCIA	BUSINESS REP	2.00	Key Emp	$0	$84,750	$312,996

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	$18,187	$280,221	$3,922,284	$-262,034
2024	$16,351	$291,185	$3,995,346	$-274,834
2023	$14,146	$264,073	$4,155,440	$-249,927
2022	$28,291	$241,105	$4,414,911	$-212,814
2021	$284,069	$272,550	$4,636,603	$11,519
2020	$52,453	$135,579	$4,433,344	$-83,126
2019	$69,937	$93,686	$3,100,142	$-23,749
2018	$69,937	$88,678	$626,663	$-18,741

42 REALTY CORPORATION LOCAL 42 REALTY