LOCAL 46 SECOND HOLDING CORPORATION (EIN 134152764) - 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

2001

Legal Domicile

Principal Officer

MICHAEL ANDERSON

Phone

2127370500

Tax Period

2024-01-01 to 2024-12-31

LOCAL 46 SECOND HOLDING CORPORATION, founded in 2001, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue fell 362% from the prior year — a significant decline worth monitoring.

Mission

TO HOLD TITLE TO REAL PROPERTY.

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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 $0

Investment Income $3,022

Other Revenue $-86,049

TOTAL REVENUE $-83,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,862

TOTAL EXPENSES $23,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-83,027	$31,732	-3.6%
Expenses	$23,862	$22,353	+0.1%
Net Income	$-106,889	$9,379	-12.4%

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

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

$351,428

Total Directors

$1,675,699

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ANDERSON	BUSINESS MANAGER/FST	1.00	Officer Director	$0	$136,887	$329,144
GERARD STREHLE	PRESIDENT	1.00	Officer Director	$0	$0	$15,164
JOHN COFFEY	BUSINESS AGENT	1.00	Director	$0	$136,887	$329,144
JOHN CLAUSMAN	BUSINESS AGENT	1.00	Director	$0	$136,887	$329,144
KEVIN O'KEEFE	BUSINESS AGENT	1.00	Director	$0	$136,887	$329,144
PHIL BERNSTOCK	SERGEANT AT ARMS	1.00	Officer Director	$0	$0	$2,200
JOSE DIAZ	EXEC BOARD	1.00	Director	$0	$0	$1,375
SHANE JENNINGS	ASST SERGEANT AT ARMS	1.00	Officer Director	$0	$0	$2,500
GEORGE FERNANDEZ	BUSINESS AGENT	1.00	Director	$0	$136,887	$329,144
WILLIAM P SETTERS	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$1,200
JONATHAN SCOTT	TRUSTEE	1.00	Director	$0	$0	$1,200
YU HONG TAN	TRUSTEE	1.00	Director	$0	$0	$1,300
BRENDAN DALEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$1,220
ADRIANA FALCON	TRUSTEE	1.00	Director	$0	$0	$1,100
DANIEL VASQUEZ	EXEC BOARD	1.00	Director	$0	$0	$1,720
THOMAS BROWN	EXEC BOARD	1.00	Director	$0	$0	$600
FRANK NOVELLI	EXEC BOARD	1.00	Director	$0	$0	$400
JOSE NIEVES	EXEC BOARD	1.00	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
2024	$-83,027	$23,862	$989,422	$-106,889
2023	$31,732	$22,353	$1,107,250	$9,379
2022	$91,216	$22,992	$1,220,845	$68,224
2021	$8,883	$24,162	$1,206,333	$-15,279
2020	$-39,657	$34,272	$1,177,512	$-73,929
2019	$-38,630	$28,154	$1,286,707	$-66,784
2018	$-29,420	$94,441	$1,350,222	$-123,861

LOCAL 46 SECOND HOLDING CORPORATION