LOCAL UNION NO 46L METALLIC LATHERS (EIN 131036160) - 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

1946

Legal Domicile

Principal Officer

MICHAEL ANDERSON

Phone

2127370500

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION NO 46L METALLIC LATHERS, founded in 1946, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE REPRESENTATION ON BEHALF OF ITS MEMBERS FOR PURPOSES OF COLLECTIVE BARGAINING WITH EMPLOYERS WITH RESPECT TO WAGES, BENEFITS, HOURS, AND WORKING CONDITIONS.

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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 $2,215,787

Investment Income $816,355

Other Revenue $39,321

TOTAL REVENUE $3,071,463

Expense Breakdown

Grants Paid $16,550

Salaries & Benefits $2,234,784

Fundraising Expenses $0

Other Expenses $1,368,119

TOTAL EXPENSES $3,619,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,071,463	$2,647,367	+0.2%
Expenses	$3,619,453	$3,694,414	0.0%
Net Income	$-547,990	$-1,047,047	-0.5%

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

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

$1,714,245

Total Directors

$4,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE DIAZ	TRUSTEE	1.00	Director	$1,200	$0	$1,200
JOHNATHAN SCOTT	TRUSTEE	1.00	Director	$1,400	$0	$1,400
ADRIANA FALCON	TRUSTEE	1.00	Director	$1,200	$0	$1,200
JOSE NIEVES	TRUSTEE	1.00	Director	$600	$0	$600
GERARD STREHLE	PRESIDENT	5.00	Officer	$10,800	$0	$10,800
KEVIN O'KEEFE	BUSINESS AGENT	47.75	Officer	$192,257	$145,660	$337,917
GEORGE FERNANDEZ	BUSINESS AGENT	47.75	Officer	$192,257	$145,660	$337,917
JOHN COFFEY	BUSINESS AGENT	47.75	Officer	$192,257	$145,660	$337,917
MICHAEL ANDERSON	BUSINESS MANAGER	47.75	Officer	$192,257	$145,660	$337,917
JOHN CLAUSMAN JR	BUSINESS AGENT	47.75	Officer	$192,257	$145,660	$337,917
SHANE JENNINGS	ASST SGT AT ARMS	1.00	Officer	$2,400	$0	$2,400
PHILIP BERNSTOCK	SGT AT ARMS	1.00	Officer	$1,900	$0	$1,900
WILLIAM SETTERS	EXECUTIVE BOARD	1.00	Officer	$2,400	$0	$2,400
YU HONG TAN	EXECUTIVE BOARD	1.00	Officer	$1,000	$0	$1,000
BRENDAN DALY	VICE PRESIDENT	1.00	Officer	$2,360	$0	$2,360
DANIEL VAZQUEZ	EXECUTIVE BOARD	1.00	Officer	$1,200	$0	$1,200
THOMAS BROWN	EXECUTIVE BOARD	1.00	Officer	$1,300	$0	$1,300
FRANK NOVELLI	EXECUTIVE BOARD	1.00	Officer	$1,300	$0	$1,300

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	$3,071,463	$3,619,453	$14,240,904	$-547,990
2024	$2,647,367	$3,694,414	$14,622,370	$-1,047,047
2023	$3,166,026	$3,805,776	$15,072,341	$-639,750
2022	$3,377,010	$3,645,416	$15,684,423	$-268,406
2021	$3,546,576	$4,000,509	$17,620,265	$-453,933
2020	$3,297,428	$4,018,213	$17,852,006	$-720,785
2019	$3,533,676	$4,508,893	$17,781,236	$-975,217

LOCAL UNION NO 46L METALLIC LATHERS