Brotherhood of Rail Road Signalmen… - Form 990 Financial Data

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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

James Carone

Phone

6315870024

Tax Period

2025-01-01 to 2025-12-31

Brotherhood of Rail Road Signalmen Local 56, founded in 1918, is a small nonprofit in the Employment sector that reported $858K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

Representation for Signalmen who work for the Long Island Rail Road in contract negotiations and all matters pertaining to the current bargaining agreement.

Program Service Accomplishments

Program 1

Representational Services.

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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 $858,070

Investment Income $1

Other Revenue $0

TOTAL REVENUE $858,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,205

Fundraising Expenses $0

Other Expenses $910,541

TOTAL EXPENSES $1,014,746

Year-over-Year Comparison

	2025	2024	Change
Revenue	$858,071	$737,625	+0.2%
Expenses	$1,014,746	$1,132,785	-0.1%
Net Income	$-156,675	$-395,160	-0.6%

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

$135,001

Total Directors

$27,739

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Hennessey	Trustee	1.00	Director	$1,726	$0	$1,726
Kevin Berthelsen-Leon	Trustee	1.00	Director	$1,725	$0	$19,166
Michael Garofano	Trustee	1.00	Director	$1,726	$0	$1,726
Domenic Pureificato	Trustee	1.00	Director	$1,726	$0	$1,726
Jonathan Quinlivan	Trustee	1.00	Director	$1,669	$0	$1,669
Robert Perrino	Trustee	1.00	Director	$1,726	$0	$1,726
Anthony Izzo	Local Chairman	6.00	Officer	$1,726	$0	$1,726
Brian Aarne	Local Chairman	2.00	Officer	$1,513	$0	$1,513
James Carone	Secretary Treasurer	6.00	Officer	$19,019	$0	$19,019
James Ridley	Local Chairman	6.00	Officer	$1,812	$0	$1,812
James Sokolowski	Vice General Chairman	12.00	Officer	$1,725	$0	$23,725
Michael Stewart	2nd Local Vice President	5.00	Officer	$1,726	$0	$1,726
Michael Sullivan	General Chairman	6.00	Officer	$30,189	$0	$76,939
Olivier Desinor	Recording Secretary	1.00	Officer	$1,725	$0	$1,725
Ryan Burns	President	2.00	Officer	$1,641	$0	$1,641
Steven Smith	Local Chairman	1.00	Officer	$1,725	$0	$1,725
William Saar III	Local Chairman	3.00	Officer	$1,725	$0	$1,725
Christopher Rissland	1st Local Vice President	3.00	Officer	$1,725	$0	$1,725

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	$858,071	$1,014,746	$1,268,220	$-156,675
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