LOCAL 863 CORPORATION (EIN 237223245) - 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

1967

Legal Domicile

Principal Officer

ALPHONSE RISPOLI JR

Phone

9086546990

Tax Period

2023-01-01 to 2023-12-31

LOCAL 863 CORPORATION, founded in 1967, is a micro nonprofit that reported $44K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

LEASE OF LAND AND BUILDING TO LOCAL UNION 863 AND AFFILIATED ENTITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $17,339

Other Revenue $26,450

TOTAL REVENUE $43,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,789	$68,858	-0.4%
Expenses	N/A	N/A	N/A
Net Income	N/A	$68,858	N/A

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

$920,597

Total Directors

$148,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIAS CAYADO	TRUSTEE	1.00	Director	$0	$1,680	$7,680
JUAN MARRERO	TRUSTEE	1.00	Director	$0	$46,831	$133,431
DONOVAN DOBBS	TRUSTEE	1.00	Director	$0	$1,260	$5,760
BRIAN CLANCY	TRUSTEE	1.00	Director	$0	$280	$1,280
GEORGE GRIMSHAW	VICE PRESIDENT	1.00	Officer	$0	$81,850	$160,650
ALPHONSE RISPOLI JR	SECRETARY TREASURER	1.00	Officer	$0	$144,620	$288,800
LOUIS SANCHEZ	PRESIDENT	1.00	Officer	$0	$120,183	$253,315
CHARLES O'MARA	RECORDING SECRETARY	1.00	Officer	$0	$105,888	$217,832
ANTONIO SOCIEDADE	FORMER TRUSTEE	1.00		$0	$68,413	$101,153

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
2024	No data	No data	No data	No data
2023	$43,789	No data	$1,493,372	No data
2022	$68,858	No data	$1,449,601	No data
2021	$63,550	No data	$1,380,941	No data
2020	$73,697	No data	$1,317,312	No data
2019	$59,162	No data	$1,243,430	No data
2018	$84,821	No data	$1,184,255	No data

LOCAL 863 CORPORATION