SERVICE PROFESSIONALS UNION LOCAL … - 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

1999

Legal Domicile

Principal Officer

HENRY CANGE

Phone

9292441310

Tax Period

2023-10-01 to 2024-09-30

SERVICE PROFESSIONALS UNION LOCAL 726 IUJAT, founded in 1999, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $796K, a strong 40% operating margin.

Mission

THE PRIMARY OBJECTIVE OF THE UNION IS TO REPRESENT WORKERS WITH RESPECT TO WAGES, HOURS AND WORKING CONDITIONS; TO PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR; TO BRING ABOUT STABLE WORKING CONDITIONS IN THE VARIOUS INDUSTRIES IN WHICH ITS MEMBERS ARE EMPLOYED; AND TO ESTABLISH PROCEDURES FOR THE AMICABLE ADJUSTMENT OF DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

Program Service Accomplishments

Program 1

"THE PRIMARY OBJECTIVE OF THE UNION IS TO REPRESENT WORKERS WITH RESPECT TO WAGES, HOURS AND WORKING CONDITIONS; TO PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR; TO BRING ABOUT STABLE WORKING...

"THE PRIMARY OBJECTIVE OF THE UNION IS TO REPRESENT WORKERS WITH RESPECT TO WAGES, HOURS AND WORKING CONDITIONS; TO PROVIDE FOR THE CONTINUOUS EMPLOYMENT OF LABOR; TO BRING ABOUT STABLE WORKING CONDITIONS IN THE VARIOUS INDUSTRIES IN WHICH ITS MEMBERS ARE EMPLOYED; AND TO ESTABLISH PROCEDURES FOR THE AMICABLE ADJUSTMENT OF DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES."

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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 $1,708,948

Investment Income $274,532

Other Revenue $0

TOTAL REVENUE $1,983,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,822

Fundraising Expenses $0

Other Expenses $406,854

TOTAL EXPENSES $1,187,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,983,480	$2,021,247	0.0%
Expenses	$1,187,676	$1,189,752	0.0%
Net Income	$795,804	$831,495	0.0%

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

$439,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PIECORA	PRESIDENT/FIELD REP THRU 05/2024	65.00	Officer	$82,790	$1,454	$84,244
JONATHAN S AMES	SECY TREAS/FIELD REP	70.00	Officer	$1,200	$12,000	$13,200
HENRY CANGE	PRESIDENT EFF 05/2024, EXEC. BA/ORGANIZER	65.00	Officer	$254,373	$82,103	$336,476
PETER DEVITO	TRUSTEE	65.00	Officer	$1,200	$0	$1,200
LUIS RAMOS	VICE PRESIDENT	65.00	Officer	$1,200	$0	$1,200
JUAN ALVAREZ	EXECUTIVE BOARD	10.00	Officer	$1,500	$0	$1,500
LISA O'BRIEN	EXECUTIVE BOARD	10.00	Officer	$1,500	$0	$1,500
LOUIS LOIACONO	FIELD REPRESENTATIVE	65.00	Highest	$157,999	$4,481	$162,480

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	$1,983,480	$1,187,676	$7,109,693	$795,804
2023	$2,021,247	$1,189,752	$6,209,580	$831,495
2022	$1,716,341	$1,196,936	$5,508,808	$519,405
2021	$1,979,109	$1,245,330	$4,989,080	$733,779
2020	$2,040,145	$1,556,184	$4,433,775	$483,961
2019	$2,143,647	$2,024,816	$3,771,488	$118,831
2018	$2,678,108	$1,984,996	$3,652,638	$693,112

SERVICE PROFESSIONALS UNION LOCAL 726 IUJAT