RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55

EIN: 264075216

NEWARK, NJ

Total Revenue
$881,425
Total Expenses
$711,817
Total Assets
$2,349,673
Net Assets
$2,349,673
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NJ
Principal Officer
HECTOR M FUENTES
Phone
9735895500
Tax Period
2025-01-01 to 2025-12-31

RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55, founded in 2009, is a small nonprofit that reported $881K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $170K, a strong 19% operating margin.

Mission

TO IMPROVE WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND TO ESTABLISH NECESSARY PROCEDURES FOR THE AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $840,467
Investment Income $40,958
Other Revenue $0
TOTAL REVENUE $881,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $381,079
Fundraising Expenses $0
Other Expenses $330,738
TOTAL EXPENSES $711,817

Year-over-Year Comparison

2025 2024 Change
Revenue $881,425 $792,875 +0.1%
Expenses $711,817 $704,874 +0.0%
Net Income $169,608 $88,001 +0.9%
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

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Governance

Voting Members
7
Independent Members
2
Employees
6
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
21
$180,173
Total Directors
21
$180,173
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUIS AROCHO BOARD MEMBER/ORGANIZER 40.00
Officer Director
$69,906 $19,850 $89,756
HECTOR FUENTES BUS MGR/SEC TREAS 16.00
Officer Director
$41,017 $13,804 $54,821
MARTINIQUE W COSTA PRESIDENT 8.00
Officer Director
$7,651 $2,184 $9,835
LUIS A GOMEZ VICE PRESIDENT - EFF 06/25 1.00
Officer Director
$7,577 $2,184 $9,761
RODNEY HENRY AUDITOR/ORGANIZER - EFF 10/25 1.00
Officer Director
$6,500 $0 $6,500
ZAHEER AZIZ REC SECRETARY/ORGANIZER - EFF 10/25 8.00
Officer Director
$9,500 $0 $9,500
JOHN BLYDEN VICE PRESIDENT - THRU 5/25 1.00
Officer Director
$0 $0 $0
PERRY MCKINNEY BOARD MEMBER - THRU 09/25 1.00
Officer Director
$0 $0 $0
MICHAEL POGOSIAN AUDITOR - THRU 05/25 1.00
Officer Director
$0 $0 $0
LLOYD WILSON AUDITOR - THRU 05/25 1.00
Officer Director
$0 $0 $0
EMILIO AVILA AUDITOR - THRU 05/25 1.00
Officer Director
$0 $0 $0
RALPH LEWIS SGT-AT-ARMS - THRU 05/25 1.00
Officer Director
$0 $0 $0
RAFAEL IVAN ARROYO RECORD SECRETARY-EFF 06/25-THRU 9/25 1.00
Officer Director
$0 $0 $0
FERNANDO BURGOS RODRIGUEZ AUDITOR - EFF 06/25 1.00
Officer Director
$0 $0 $0
RASIM COSAR AUDITOR - EFF 06/25 1.00
Officer Director
$0 $0 $0
JAIME FLORES AUDITOR - EFF 06/26-9/25 1.00
Officer Director
$0 $0 $0
LUIS A GOMEZ RECORDING SECRETARY - THRU 05/25 1.00
Officer Director
$0 $0 $0
ZAHEER AZIZ BOARD MEMBER - THRU 09/25 1.00
Officer Director
$0 $0 $0
ISAIAH BETHEA SGT-AT-ARMS - EFF 06/25 1.00
Officer Director
$0 $0 $0
DANIEL CASTEL BOARD MEMBER - EFF 06/25 1.00
Officer Director
$0 $0 $0
RAFAEL IVAN ARROYO BOARD MEMBER - EFF 10/25 1.00
Officer Director
$0 $0 $0
IRAM RAMIREZ ORGANIZER 40.00
Highest
$127,147 $36,753 $163,900
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 $881,425 $711,817 $2,349,673 $169,608
2024 $792,875 $704,874 $2,128,147 $88,001
2023 $581,658 $344,358 $1,988,174 $237,300
2022 $474,552 $205,724 $1,594,161 $268,828
2021 $384,415 $140,343 $1,469,040 $244,072
2020 $339,026 $151,870 $1,186,250 $187,156
2019 $455,905 $149,467 $947,988 $306,438
2018 $289,271 $109,138 $634,256 $180,133
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