LOCAL 50 BUILDING CORPORATION (EIN 237434215) - 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

1974

Legal Domicile

Principal Officer

JEREMY JOHNSON

Phone

4196625456

Tax Period

2024-01-01 to 2024-12-31

LOCAL 50 BUILDING CORPORATION, founded in 1974, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Revenue surged 314% from the prior year, signaling strong growth momentum. Expenses of $289K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO HOLD, PURCHASE, AND RECEIVE REAL PROPERTY IN TRUST FOR THE UNITED ASSOCIATION, LOCAL NO 50 PLUMBERS AND STEAMFITTERS UNION

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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 $142,200

Investment Income $151

Other Revenue $0

TOTAL REVENUE $142,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $289,347

TOTAL EXPENSES $289,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,351	$34,418	+3.1%
Expenses	$289,347	$272,584	+0.1%
Net Income	$-146,996	$-238,166	-0.4%

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

$8,357

Total Directors

$8,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY JOHNSON	PRESIDENT	1.00	Officer Director	$0	$3,349	$7,643
MICHAEL BEHLER	FIN. COMMITTEE	1.00	Officer Director	$0	$237	$714
JASON BURLEN	FIN. COMMITTEE	1.00	Officer 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
2024	$142,351	$289,347	$1,382,230	$-146,996
2023	$34,418	$272,584	$1,528,334	$-238,166
2022	$34,363	$247,422	$1,766,140	$-213,059
2021	$322,445	$259,032	$1,980,848	$63,413
2020	$322,471	$246,892	$1,917,269	$75,579
2019	$322,470	$240,261	$1,841,043	$82,209
2018	$322,470	$246,834	$1,758,833	$75,636

LOCAL 50 BUILDING CORPORATION