LOCAL 10 OF THE PHILA JOINT BOARD WORKER UNITED & TEXTILE MAINT IND OF PHILA & VI (EIN 231610559) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

RICHARD MINTER

Phone

2157519770

Tax Period

2022-07-01 to 2023-06-30

LOCAL 10 OF THE PHILA JOINT BOARD WORKER UNITED & TEXTILE MAINT IND OF PHILA & VI, founded in 1959, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PLAN PROVIDES HEALTH AND OTHER BENEFITS TO ELIGIBLE MEMBERS OF THE FORMER UNITE LOCAL 10 UNION WHICH REPRESENTED LAUNDRY WORKERS IN SOUTHEASTERN PENNSYLVANIA AND SOUTHERN NEW JERSEY AND MERGED WITH PHILADELPHIA JOINT BOARD WORKERS UNITED (THE UNION).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,628,505

Investment Income $-26,214

Other Revenue $441

TOTAL REVENUE $1,602,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $346,306

TOTAL EXPENSES $1,876,605

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,602,732	$1,742,913	-0.1%
Expenses	$1,876,605	$2,213,094	-0.2%
Net Income	$-273,873	$-470,181	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$92,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNNE P FOX	UNION TRUSTEE	2.00	Director	$0	$0	$0
JULIA PRZYBOROWSKI	UNION TRUSTEE	2.00	Director	$0	$17,663	$75,433
JAMES WASSERSON	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RICHARD MINTER	UNION TRUSTEE	2.00	Director	$0	$6,043	$16,621
TAN MALL	EMPLOYER TRUSTEE	2.00	Director	$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	$1,602,732	$1,876,605	No data	$-273,873
2022	$1,742,913	$2,213,094	$3,000,579	$-470,181
2021	$2,521,812	$3,002,880	$3,658,157	$-481,068
2020	$2,630,587	$3,295,175	$4,216,773	$-664,588
2019	$2,350,548	$2,335,975	$4,962,555	$14,573
2018	$1,899,170	$1,993,580	$4,832,573	$-94,410

LOCAL 10 OF THE PHILA JOINT BOARD WORKER UNITED & TEXTILE MAINT IND OF PHILA & VI