LOCAL 282 BUILDING TRUST FUND (EIN 112735144) - 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

1988

Legal Domicile

Principal Officer

THOMAS GESUALDI

Phone

5164882822

Tax Period

2024-01-01 to 2024-12-31

LOCAL 282 BUILDING TRUST FUND, founded in 1988, is a small nonprofit that reported $919K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $346K, a strong 38% operating margin.

Mission

ORGANIZATION'S PURPOSE IS TO HOLD TITLE TO THE PROPERTY THAT PROVIDES A PERMANENT HOME FOR THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 282 TCHW AND TO OPERATE EDUCATIONAL AND TRAINING PROGRAMS TO SERVE THE NEEDS OF THE LOCAL'S MEMBERSHIP AND OF CAPABLE INDIVIDUALS SEEKING TO ENTER CONSTRUCTION AND RELATED INDUSTRIES.

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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 $892,224

Investment Income $27,206

Other Revenue $0

TOTAL REVENUE $919,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $573,427

TOTAL EXPENSES $573,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$919,430	$848,486	+0.1%
Expenses	$573,427	$660,655	-0.1%
Net Income	$346,003	$187,831	+0.8%

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

Total Directors

$1,967,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS BISIGNANO	TRUSTEE	1.00	Director	$0	$130,976	$394,426
MICHAEL O'TOOLE	TRUSTEE	1.00	Director	$0	$130,976	$395,457
THOMAS GESUALDI	TRUSTEE	1.00	Director	$0	$130,976	$423,771
MICHAEL BOURGAL	TRUSTEE	1.00	Director	$0	$130,976	$359,951
DARIN JEFFERS	TRUSTEE	1.00	Director	$0	$130,976	$393,659

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	$919,430	$573,427	$4,129,265	$346,003
2023	$848,486	$660,655	$3,819,084	$187,831
2022	$731,502	$702,665	$3,665,074	$28,837
2021	$640,414	$630,318	$3,671,299	$10,096
2020	$561,407	$668,495	$3,715,777	$-107,088
2019	$664,990	$594,184	$3,862,666	$70,806
2018	$713,044	$634,172	$3,020,938	$78,872

LOCAL 282 BUILDING TRUST FUND