INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS LOCAL LODGE 447 (EIN 135658141) - 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

1912

Legal Domicile

Principal Officer

NORMAN SHREVE

Phone

7184220090

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS LOCAL LODGE 447, founded in 1912, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 5% surplus.

Mission

TO PROVIDE UNION REPRESENTATION FOR ITS MEMBERS.

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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 $2,233,382

Investment Income $82,076

Other Revenue $44,820

TOTAL REVENUE $2,360,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,589,078

Fundraising Expenses $0

Other Expenses $645,476

TOTAL EXPENSES $2,234,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,360,278	$2,070,165	+0.1%
Expenses	$2,234,554	$2,016,316	+0.1%
Net Income	$125,724	$53,849	+1.3%

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

$6,704

Total Directors

$10,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HUTCHINSON	BOARD MEMBER	5.00	Director	$0	$0	$0
AARON ROWLES	BOARD MEMBER	5.00	Director	$0	$0	$0
PERRY ESPOSITO	BOARD MEMBER	5.00	Director	$0	$10,046	$10,046
JOSEPH SCIANNA	PRESIDENT	5.00	Officer	$0	$0	$0
STEVE MCLOUGHLIN	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
ROBERT MOTISI	SECRETARY-TREASURER	5.00	Officer	$0	$6,704	$6,704
RAYMOND KOCZAN	RECORDING SECRETARY	5.00	Officer	$0	$0	$0
KEVIN DIAZ	BUSINESS REPRESENTATIVE	40.00	Highest	$156,657	$38,596	$195,253
ROBERT PAESE	BUSINESS REPRESENTATIVE	40.00	Highest	$164,420	$23,670	$188,090
CHRISTOPHER WALSH	BUSINESS REPRESENTATIVE	40.00	Highest	$156,778	$38,596	$195,374
CRISTINO VILORIO	BUSINESS REPRESENTATIVE	40.00	Highest	$164,553	$33,696	$198,249
MICHAEL DICOCCO	BUSINESS REPRESENTATIVE	40.00	Highest	$156,833	$41,687	$198,520

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	$2,360,278	$2,234,554	$4,238,038	$125,724
2022	$2,070,165	$2,016,316	$4,153,905	$53,849
2021	$2,041,187	$1,913,342	$4,070,445	$127,845
2020	$2,041,586	$1,735,831	$4,026,620	$305,755
2019	$2,688,728	$1,948,460	$3,719,617	$740,268
2018	$2,643,171	$2,193,916	$2,963,063	$449,255

INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS LOCAL LODGE 447