LOCAL UNION 420 BUILDING CORP

EIN: 061548935 Community Improvement

WATERBURY, CT

Total Revenue
$42,756
Total Expenses
$30,537
Total Assets
$138,608
Net Assets
$-234,380
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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

Principal Officer
JOHN BURKE
Phone
2037579639
Tax Period
2021-01-01 to 2021-12-31

LOCAL UNION 420 BUILDING CORP is a micro nonprofit in the Community Improvement sector that reported $43K in total revenue in fiscal year 2021. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 29% operating margin.

Mission

HOLD TITLE TO REAL AND PERSONAL PROPERTY OF WHICH WILL BE OCCUPIED AND USED BY THE EXEMPT INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420, THE EXEMPT ORGANIZATION FOR WHICH IT HOLDS TITLE FOR.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $42,756
Investment Income $0
Other Revenue $0
TOTAL REVENUE $42,756

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,537
Other Expenses $30,537
TOTAL EXPENSES $30,537

Year-over-Year Comparison

2021 2020 Change
Revenue $42,756 $22,920 +0.9%
Expenses $30,537 $23,385 +0.3%
Net Income $12,219 $-465 -27.3%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN CASPER ASST BUS MAN N/A
Director
$0 $0 $0
MARCOS LUGO TRUSTEE N/A
Director
$0 $0 $0
JOSEPH MALCARNE BUSINESS MAN N/A
Director
$0 $0 $0
SEAN SCANLON TRUSTEE N/A
Director
$0 $0 $0
JOHN BURKE PRESIDENT N/A
Officer
$0 $0 $0
ALLEN MCCONNELL VICE PRESIDE N/A
Officer
$0 $0 $0
VICTOR N PERUGINI RECORDING SE N/A
Officer
$0 $0 $0
RYAN POUDRIER TREASURER N/A
Officer
$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
2021 $42,756 $30,537 $138,608 $12,219
2020 $22,920 $23,385 $150,816 $-465
2019 $30,078 $24,205 $157,589 $5,873
2018 $23,787 $23,021 $160,646 $766
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