LOCAL 976 -I L A (EIN 226064828) - 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

1933

Legal Domicile

Principal Officer

ALFRED PISCINO JR

Phone

2129774615

Tax Period

2022-01-01 to 2022-12-31

LOCAL 976 -I L A, founded in 1933, is a micro nonprofit in the Employment sector that reported $20K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Net assets of $147K represent 89 months of operating reserves.

Mission

Representation of members to management for wage and benefits. Discussions with the employers to solve manpower problems, enforce seniority disputes, and discussions about t terms and requirements for new contracts, required training on equipment, etc. Also discussed with the members the negatiations about upcoming raises and beefits and other related items.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,440

Program Service Revenue $306

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,033

Other Expenses $21,006

TOTAL EXPENSES $21,006

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,746	$24,457	-0.2%
Expenses	$21,006	$21,004	+0.0%
Net Income	$-1,260	$3,453	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL NEGRI	PRES	025.00	Officer Director	$0	$0	$0
Alfred Piscino	Secy Treas	010.00	Officer Director Key Emp	$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
2022	$19,746	$21,006	$147,054	$-1,260
2021	$24,457	$21,004	$148,298	$3,453
2020	$38,018	$31,593	$140,067	$6,425
2019	$58,430	$43,903	$139,666	$14,527

LOCAL 976 -I L A