PLASTERERS & CEMENT MASONS LOCAL NO 111 (EIN 161477284) - 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

1967

Legal Domicile

Principal Officer

CHARLES LOCURTO

Phone

7166951494

Tax Period

2023-09-01 to 2024-08-31

PLASTERERS & CEMENT MASONS LOCAL NO 111, founded in 1967, is a small nonprofit that reported $530K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $658K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE REPRESENTATION TO ITS MEMBERS FOR CONTRACT NEGOTIATIONS WITH EMPLOYERS ACCORDING TO THE COLLECTIVE BARGAINING AGREEMENT.

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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 $347,303

Investment Income $11,648

Other Revenue $171,134

TOTAL REVENUE $530,085

Expense Breakdown

Grants Paid $6,727

Salaries & Benefits $341,503

Fundraising Expenses $0

Other Expenses $310,126

TOTAL EXPENSES $658,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,085	$668,214	-0.2%
Expenses	$658,356	$578,443	+0.1%
Net Income	$-128,271	$89,771	-2.4%

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

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

$2,374

Total Directors

$158,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES A LOCURTO	BUSINESS MANAGER	20.00	Director	$74,368	$0	$74,802
JOHN TOMASELLO	BUSINESS AGENT	20.00	Director	$73,736	$0	$73,736
MARK CATALANO	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID SABUDA	VICE PRESIDENT	0.10	Officer Director	$0	$0	$2,374
SALVATORE NASCA	RECORDING SECRETARY	0.10	Director	$0	$0	$2,511
MICHAEL CAPOZZI	TRUSTEE	0.10	Director	$0	$0	$0
DONALD CAPITANO	TRUSTEE	0.10	Director	$0	$0	$4,992
RYAN SMITH	TRUSTEE	0.10	Director	$0	$0	$0
CHARLES F LOCURTO	TRUSTEE	0.10	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	$530,085	$658,356	$792,428	$-128,271
2023	$668,214	$578,443	$779,799	$89,771
2022	$722,139	$622,940	$684,626	$99,199
2021	$570,594	$518,946	$705,150	$51,648
2020	$575,359	$482,162	$618,563	$93,197
2019	$554,292	$468,716	$502,225	$85,576
2018	$537,902	$460,292	$413,885	$77,610

PLASTERERS & CEMENT MASONS LOCAL NO 111