MOVING PICTURE MACHINE OPERATORS UNION OF GREATER NY LOC 306 WELFARE FUND (EIN 131665124) - 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

1951

Legal Domicile

Principal Officer

Barry Garfman

Phone

5163965520

Tax Period

2023-01-01 to 2023-12-31

MOVING PICTURE MACHINE OPERATORS UNION OF GREATER NY LOC 306 WELFARE FUND, founded in 1951, is a micro nonprofit that reported $16K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 209% operating deficit.

Mission

The Plan was established for the purpose of providing health and other benefits to eligible PARTICIPANTS covered by collective bargaining agreements.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,265

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,200

Fundraising Expenses $0

Other Expenses $48,045

TOTAL EXPENSES $50,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,265	$39,776	-0.6%
Expenses	$50,245	$71,534	-0.3%
Net Income	$-33,980	$-31,758	+0.1%

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

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

$4,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE MACCULLOUGH	Trustee	2.50	Director	$1,200	$0	$2,400
RONALD CANNER	Trustee	2.00	Director	$1,000	$0	$2,000
Barry Garfman	Trustee	2.00	Director	$0	$0	$0
Hugo Capra	Trustee	2.00	Director	$0	$0	$0
JOSEPH RIVIERZO	Trustee	2.00	Director	$0	$0	$0
Michael Fewx	Trustee	2.00	Director	$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
2023	$16,265	$50,245	$500,497	$-33,980
2022	$39,776	$71,534	$548,986	$-31,758
2021	$44,391	$119,882	$585,188	$-75,491
2020	$264,520	$652,030	$1,169,219	$-387,510
2019	$439,015	$695,258	$1,115,715	$-256,243
2018	$504,599	$724,374	$1,346,056	$-219,775

MOVING PICTURE MACHINE OPERATORS UNION OF GREATER NY LOC 306 WELFARE FUND