PLASTERERS & CEMENT MASONS LOCAL N… - Form 990 Financial Data

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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

2024-09-01 to 2025-08-31

PLASTERERS & CEMENT MASONS LOCAL NO 111, founded in 1967, is a small nonprofit that reported $784K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $759K left a modest 3% surplus.

Mission

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

Program Service Accomplishments

Program 1

N/A

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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 $424,211

Investment Income $48,051

Other Revenue $311,695

TOTAL REVENUE $783,957

Expense Breakdown

Grants Paid $9,071

Salaries & Benefits $440,487

Fundraising Expenses $0

Other Expenses $309,319

TOTAL EXPENSES $758,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,957	$530,085	+0.5%
Expenses	$758,877	$658,356	+0.2%
Net Income	$25,080	$-128,271	-1.2%

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

$1,042

Total Directors

$163,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES A LOCURTO	BUSINESS MANAGER	20.00	Director	$77,178	$0	$77,178
JOHN TOMASELLO	BUSINESS AGENT	20.00	Director	$75,098	$0	$75,098
MARK CATALANO	PRESIDENT	0.10	Officer Director	$0	$0	$1,042
DONALD CAPITANO	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
SALVATORE NASCA	RECORDING SECRETARY	0.10	Director	$0	$0	$6,280
DAVE SABUDA	TRUSTEE	0.10	Director	$0	$0	$3,843
CHAD HARRINGTON	TRUSTEE	0.10	Director	$0	$0	$0
CHARLES VACCARO	TRUSTEE	0.10	Director	$0	$0	$0
BRIAN DERMONT	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
2025	$783,957	$758,877	$818,609	$25,080
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