LOCAL 810 IBT (EIN 135624913) - 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

1953

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

2126914100

Tax Period

2023-01-01 to 2023-12-31

LOCAL 810 IBT, founded in 1953, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 4% surplus.

Mission

TO REPRESENT MEMBERS IN LABOR RELATED ISSUES,CONTRACT NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 $2,568,713

Investment Income $18,757

Other Revenue $650,400

TOTAL REVENUE $3,237,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,678,110

Fundraising Expenses $0

Other Expenses $1,443,037

TOTAL EXPENSES $3,121,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,237,870	$2,788,487	+0.2%
Expenses	$3,121,147	$3,031,062	+0.0%
Net Income	$116,723	$-242,575	-1.5%

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

$536,993

Total Directors

$541,793

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SMITH	PRESIDENT	40.00	Officer Director	$215,950	$48,996	$264,946
DONNA SANTORO	SECY-TREASURER	40.00	Officer Director	$212,736	$57,711	$270,447
SALVATORE CAROLEO	VICE PRESIDENT	40.00	Officer Director	$1,600	$0	$1,600
PAULA HASSETT	RECORDING SECY	1.00	Officer Director	$0	$0	$0
PARMANAN SOOKRAM	TRUSTEE	1.00	Director	$1,500	$0	$1,500
FRANK ESPOSITO	TRUSTEE	1.00	Director	$1,700	$0	$1,700
STEVE MADIGAN	TRUSTEE	1.00	Director	$1,600	$0	$1,600
MARK TORRES	COUNSEL	19.00	Highest	$241,916	$54,871	$296,787
FERNANDO DA CRUZ	BUSINESS AGENT	40.00	Highest	$116,175	$42,737	$158,912
MATTHEW SCHER	FIELD REPRESENTATIVE	27.00	Highest	$159,975	$45,637	$205,612

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	No data	No data	No data	No data
2023	$3,237,870	$3,121,147	$2,279,304	$116,723
2022	$2,788,487	$3,031,062	$3,357,724	$-242,575
2021	$2,879,947	$2,342,082	$2,497,201	$537,865
2020	$2,240,055	$2,106,853	$2,026,678	$133,202
2019	$2,525,333	$2,133,429	$1,844,593	$391,904
2018	$2,631,644	$2,115,652	$1,340,654	$515,992

LOCAL 810 IBT