Local 447 International Union of Electronic Electrical & Salaried Machine & (EIN 221402480) - 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

1943

Legal Domicile

Principal Officer

GERARD TUCCI

Phone

9732842692

Tax Period

2024-06-01 to 2025-05-31

Local 447 International Union of Electronic Electrical & Salaried Machine &, founded in 1943, is a small nonprofit that reported $130K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $112K left a modest 14% surplus.

Mission

LABOR SERVICES FOR MEMBERS

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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 $120,802

Program Service Revenue $0

Investment Income $8,925

Other Revenue $0

TOTAL REVENUE $129,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,625

Fundraising Expenses $0

Program Expenses $99,075

Other Expenses $29,570

TOTAL EXPENSES $112,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,727	$208,475	-0.4%
Expenses	$112,096	$212,724	-0.5%
Net Income	$17,631	$-4,249	-5.1%

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

194

Independent Members

194

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

$34,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vincent Russomanno	President	20.00	Officer	$0	$15,600	$15,600
Carl Young	Treasurer	20.00	Officer	$0	$8,400	$8,400
Gerard Tucci	Chief Steward	20.00	Officer	$0	$5,525	$5,525
Dan DeFilippo	Chief Steward	20.00	Officer	$0	$5,100	$5,100

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	$129,727	$112,096	$232,040	$17,631
2024	$208,475	$212,724	$214,325	$-4,249
2023	$197,903	$212,709	$200,825	$-14,806
2022	$257,405	$218,039	$214,438	$39,366
2021	$193,318	$172,361	$208,082	$20,957
2020	$165,111	$175,208	$144,962	$-10,097
2019	$167,018	$153,869	$166,237	$13,149

Local 447 International Union of Electronic Electrical & Salaried Machine &