Brotherhood of Rail Road Signalmen Local 56 (EIN 116035601) - 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

1918

Legal Domicile

Principal Officer

Ryan Burns

Phone

6315870024

Tax Period

2024-01-01 to 2024-12-31

Brotherhood of Rail Road Signalmen Local 56, founded in 1918, is a small nonprofit in the Employment sector that reported $738K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 54% operating deficit.

Mission

Representation for Signalmen who work for the Long Island Rail Road.

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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 $737,624

Investment Income $1

Other Revenue $0

TOTAL REVENUE $737,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,183

Fundraising Expenses $0

Program Expenses $45,642

Other Expenses $1,026,602

TOTAL EXPENSES $1,132,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$737,625	$1,101,547	-0.3%
Expenses	$1,132,785	$936,762	+0.2%
Net Income	$-395,160	$164,785	-3.4%

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

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

$139,288

Total Directors

$28,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Hennessey	Trustee	1.00	Director	$1,548	$0	$1,548
Kevin Berthelsen-Leon	Trustee	1.00	Director	$1,548	$0	$20,574
Michael Garofano	Trustee	1.00	Director	$1,548	$0	$1,548
Domenic Pureificato	Trustee	1.00	Director	$1,548	$0	$1,548
Jonathan Quinlivan	Trustee	1.00	Director	$1,519	$0	$1,519
Robert Perrino	Trustee	1.00	Director	$1,548	$0	$1,548
Anthony Izzo	Local Chairman	6.00	Officer	$1,548	$0	$1,548
Brian Aarne	Local Chairman	2.00	Officer	$1,316	$0	$1,316
James Carone	Secretary Treasurer	6.00	Officer	$18,929	$0	$18,929
James Ridley	Local Chairman	6.00	Officer	$1,624	$0	$1,624
James Sokolowski	Vice General Chairman	12.00	Officer	$1,548	$0	$25,548
Michael Stewart	2nd Local Vice President	5.00	Officer	$1,548	$0	$1,548
Michael Sullivan	General Chairman	6.00	Officer	$30,116	$0	$81,116
Olivier Desinor	Recording Secretary	1.00	Officer	$1,548	$0	$1,548
Ryan Burns	President	2.00	Officer	$1,467	$0	$1,467
Steven Smith	Local Chairman	1.00	Officer	$1,548	$0	$1,548
William Saar III	Local Chairman	3.00	Officer	$1,548	$0	$1,548
Christopher Rissland	1st Local Vice President	3.00	Officer	$1,548	$0	$1,548

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	$737,625	$1,132,785	$1,438,035	$-395,160
2023	$1,101,547	$936,762	$1,818,610	$164,785
2022	$1,080,411	$926,280	$1,794,153	$154,131
2021	$1,079,976	$882,217	$1,571,093	$197,759
2020	$1,094,694	$792,112	$1,287,032	$302,582
2019	$1,176,940	$842,372	$1,017,062	$334,568
2018	$1,049,438	$845,255	$638,772	$204,183

Brotherhood of Rail Road Signalmen Local 56