LOCAL UNION #413 (EIN 230724885) - 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

JAMES HARPER JR

Phone

6108725328

Tax Period

2024-01-01 to 2024-12-31

LOCAL UNION #413, founded in 1939, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $350K, a strong 16% operating margin.

Mission

TO BETTER THE WORKING CONDITIONS OF 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 $0

Program Service Revenue $2,100,665

Investment Income $121,042

Other Revenue $5,030

TOTAL REVENUE $2,226,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,139,685

Fundraising Expenses $0

Other Expenses $737,452

TOTAL EXPENSES $1,877,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,226,737	$2,095,235	+0.1%
Expenses	$1,877,137	$1,779,690	+0.1%
Net Income	$349,600	$315,545	+0.1%

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

Independent Members

N/A

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

$972,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HARPER JR	BUSINESS MANAGER	40.00	Officer	$170,730	$86,906	$257,636
ANTHONY MOSS	VICE PRESIDENT	40.00	Officer	$133,830	$74,769	$208,599
MARK FREEMAN	PRESIDENT	40.00	Officer	$130,413	$74,447	$204,860
WARREN SANTONE	RECORDING SECRETARY	1.00	Officer	$115,607	$70,497	$186,104
JOHNATHAN MORGAN	SECRETARY TREASURER	20.00	Officer	$67,833	$38,402	$106,235
DEVON ROBERTS	EX BD	1.00	Officer	$2,600	$754	$3,354
NORMAN COLEMAN	EX BD	1.00	Officer	$2,200	$638	$2,838
CREIGHTON RICHARDSON	AUDITOR	1.00	Officer	$800	$232	$1,032
EARNEST CARTER	AUDITOR	1.00	Officer	$800	$232	$1,032
GREGORY POWELL	AUDITOR	1.00	Officer	$800	$232	$1,032

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	No data	No data	No data	No data
2024	$2,226,737	$1,877,137	$8,083,332	$349,600
2023	$2,095,235	$1,779,690	$7,787,757	$315,545
2022	$2,810,520	$1,403,119	$7,458,607	$1,407,401
2021	$2,465,693	$1,320,676	$6,205,667	$1,145,017
2020	$1,681,860	$1,371,136	$5,084,996	$310,724
2019	$1,822,487	$1,299,077	$4,760,839	$523,410
2018	$1,638,365	$1,163,824	$4,253,053	$474,541

LOCAL UNION #413