NY METROPOLITAN AREA JOINT BOARD WORKERS UNITED (EIN 200354131) - 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

1939

Legal Domicile

Principal Officer

EDGAR ROMNEY

Tax Period

2023-01-01 to 2023-12-31

NY METROPOLITAN AREA JOINT BOARD WORKERS UNITED, founded in 1939, is a small nonprofit that reported $515K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $676K exceeded revenue, resulting in a 31% operating deficit.

Mission

MEMBERS SERVICES, MEMBERSHIP DUES AND ASSESSMENTS WERE CONTRIBUTED BY MEMBERS OF THE UNION IN SUPPORT OF ORGANIZATIONS LABOR PURPOSES.

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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 $255,544

Program Service Revenue $0

Investment Income $-131,103

Other Revenue $390,999

TOTAL REVENUE $515,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,064

Fundraising Expenses $0

Other Expenses $270,240

TOTAL EXPENSES $676,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,440	$568,363	-0.1%
Expenses	$676,304	$677,353	0.0%
Net Income	$-160,864	$-108,990	+0.5%

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

1025

Independent Members

1025

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

$141,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GUIDO	ASSOCIATE MANAGER	040.00	Officer	$72,244	$0	$72,244
ZAIDA PAZ	TREAS.	040.00	Officer	$69,166	$0	$69,166
EDGAR ROMNEY	MANAGER	010.00	Officer	$0	$0	$0
GUISEPPE PEGANO	PRESIDENT	001.00	Officer	$0	$0	$0
MICHAEL DiPALMA	PRESIDENT	005.00	Officer	$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
2023	$515,440	$676,304	$1,089,506	$-160,864
2022	$568,363	$677,353	$1,855,008	$-108,990
2021	$380,292	$483,478	$1,507,853	$-103,186
2020	$393,082	$400,755	$1,389,492	$-7,673
2019	$430,034	$643,960	$1,963,981	$-213,926
2018	$616,237	$723,748	$2,399,053	$-107,511

NY METROPOLITAN AREA JOINT BOARD WORKERS UNITED