UNITE HERE IU LOCAL NO 54 (EIN 210588583) - 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

1941

Legal Domicile

Principal Officer

DONNA DECAPRIO

Phone

6093445400

Tax Period

2023-01-01 to 2023-12-31

UNITE HERE IU LOCAL NO 54, founded in 1941, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Expenses of $6.1M left a modest 7% surplus.

Mission

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL & SOCIAL ADVANCEMENT OF THEIR CONDITION & STATUS.

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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 $5,790,356

Program Service Revenue $0

Investment Income $13,865

Other Revenue $733,928

TOTAL REVENUE $6,538,149

Expense Breakdown

Grants Paid $12,299

Salaries & Benefits $3,017,089

Fundraising Expenses $0

Other Expenses $3,061,491

TOTAL EXPENSES $6,090,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,538,149	$6,396,351	+0.0%
Expenses	$6,090,879	$6,194,545	0.0%
Net Income	$447,270	$201,806	+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

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

$475,757

Total Directors

$571,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA DECAPRIO	UNION PRESIDENT AFTER 5/1/23	50.00	Officer Director	$120,523	$32,477	$153,000
BENJAMIN ALBERT	SECRETARY TREASURER	40.00	Officer Director	$79,314	$32,477	$111,791
JAVIER SOTO	VICE PRESIDENT	40.00	Officer Director	$60,540	$31,817	$92,357
CYNTHIA PEMBERTON	SECRETARY	40.00	Officer Director	$55,603	$26,399	$82,002
DEBRA MCGINNIS	RANK & FILE	40.00	Director	$57,278	$0	$57,278
GLENN BANFIELD	RANK & FILE	1.00	Director	$439	$0	$439
JON WEISDOCK	RANK & FILE	1.00	Director	$332	$0	$332
MARTIN GIBSON	RANK & FILE	11.00	Director	$10,284	$0	$10,284
RONNETTE LARK	RANK & FILE	1.00	Director	$26,965	$0	$26,965
C ROBERT MCDEVITT	UNION PRESIDENT UNTIL 5/1/23	40.00	Officer Director	$32,871	$3,736	$36,607

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	$6,538,149	$6,090,879	$4,248,350	$447,270
2022	$6,396,351	$6,194,545	$3,816,578	$201,806
2021	$4,703,235	$4,697,332	$4,242,436	$5,903
2020	$5,745,980	$4,133,641	$3,676,134	$1,612,339
2019	$6,109,348	$5,926,920	$2,243,136	$182,428
2018	$5,408,300	$5,001,008	$2,081,528	$407,292

UNITE HERE IU LOCAL NO 54