DRYWALL FINISHERS LOCAL 1955

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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

2012

Legal Domicile

Principal Officer

JOE W ANDERSON

Phone

2156777980

Tax Period

2024-10-01 to 2025-09-30

DRYWALL FINISHERS LOCAL 1955, founded in 2012, is a small nonprofit that reported $217K in total revenue in fiscal year 2024. Expenses of $196K left a modest 10% surplus.

Mission

THE OBJECTS OF LOCAL UNION 1955 ARE SET FORTH IN THE INTERNATIONAL CONSTITUTION: TO ORGANIZE WORKERS AND TO IMPROVE THEIR LIVES AND THE LIVELIHOODS AND WELFARE OF THEIR FAMILIES THROUGH THE BENEFITS OF COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

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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 $216,788

Investment Income $196

Other Revenue $25

TOTAL REVENUE $217,009

Expense Breakdown

Grants Paid $1,409

Salaries & Benefits $14,400

Fundraising Expenses $0

Other Expenses $180,207

TOTAL EXPENSES $196,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,009	$219,651	0.0%
Expenses	$196,016	$211,078	-0.1%
Net Income	$20,993	$8,573	+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

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

$14,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS CARR	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW DOCKERTY	TRUSTEE	2.00	Director	$0	$0	$0
JAMES ELLWELL	TRUSTEE	2.00	Director	$0	$0	$0
MIKE KIRLIN	TRUSTEE (P)	2.00	Officer Director	$0	$0	$0
BILL DAVIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK MANERO	FINANCIAL SECRETARY	2.00	Officer	$6,000	$0	$6,000
MATT GETZFREAD	TREASURER	2.00	Officer	$3,600	$0	$3,600
JOSEPH ANDERSON	PRESIDENT	2.00	Officer	$2,400	$0	$2,400
BRIAN PELLECHIA	RECORDING SECRETARY (P)	2.00	Officer	$2,400	$0	$2,400
FRANK MCCOMESKY	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
KEVIN MINELL	WARDEN	2.00	Officer	$0	$0	$0
JOHN GEIGER	EXECUTIVE AT LARGE	2.00	Officer	$0	$0	$0
DARYL HIRSCHMANN	EXECUTIVE AT LARGE	2.00	Officer	$0	$0	$0
JOHN MCGAUGHRIN	EXECUTIVE AT LARGE	2.00	Officer	$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
2025	$217,009	$196,016	$85,206	$20,993
2024	$219,651	$211,078	$64,213	$8,573
2023	$215,015	$208,686	$55,640	$6,329
2022	$228,916	$239,317	$95,868	$-10,401
2021	$239,319	$210,226	$106,269	$29,093
2020	$270,012	$244,625	$77,176	$25,387
2019	$275,365	$268,812	$51,789	$6,553
2018	$224,939	$245,364	$45,236	$-20,425