GLAZIERS & GLASSWORKERS LOCAL 660 SUB TRUST FUND (EIN 160921100) - 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

1966

Legal Domicile

Principal Officer

MICHAEL HOGAN

Phone

7166269698

Tax Period

2024-06-01 to 2025-05-31

GLAZIERS & GLASSWORKERS LOCAL 660 SUB TRUST FUND, founded in 1966, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $1.1M represent 61 months of operating reserves.

Mission

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT, VACATION, AND HOLIDAY BENEFITS TO COVERED MEMBERS OF THE GLAZIERS AND GLASSWORKERS LOCAL UNION #660.

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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 $201,364

Investment Income $19,595

Other Revenue $0

TOTAL REVENUE $220,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,252

TOTAL EXPENSES $225,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,959	$253,190	-0.1%
Expenses	$225,808	$257,638	-0.1%
Net Income	$-4,849	$-4,448	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN LIPCZYNSKI	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT REESE	TRUSTEE	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
2025	$220,959	$225,808	$1,114,838	$-4,849
2024	$253,190	$257,638	$1,063,963	$-4,448
2023	$227,172	$177,676	$994,388	$49,496
2022	$193,598	$204,689	$960,763	$-11,091
2021	$223,511	$213,379	$1,050,149	$10,132
2020	$145,795	$262,623	$992,769	$-116,828
2019	$277,038	$243,911	$1,105,289	$33,127
2018	$321,292	$257,424	$1,076,818	$63,868

GLAZIERS & GLASSWORKERS LOCAL 660 SUB TRUST FUND