IATSE LOCAL UNION 479 BUILDING FUND (EIN 271499232) - 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

2009

Legal Domicile

Principal Officer

MIKE AKINS

Phone

4043615676

Tax Period

2023-01-01 to 2023-12-31

IATSE LOCAL UNION 479 BUILDING FUND, founded in 2009, is a small nonprofit that reported $728K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $866K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ORGANIZATION IS A TITLE-HOLDING COMPANY FOR INTERNATIONAL ALLIANCE THEATRICAL STAGE EMPLOYEES LOCALUNION 479, AN ORGANIZATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXATION UNDER IRS CODE SECTION 501(C)(5)

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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 $0

Other Revenue $727,528

TOTAL REVENUE $727,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,089

Fundraising Expenses $0

Other Expenses $761,283

TOTAL EXPENSES $866,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,528	$539,526	+0.3%
Expenses	$866,372	$760,573	+0.1%
Net Income	$-138,844	$-221,047	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL AKINS	BUSINESS MANAGER	2.00	Officer	$0	$0	$0
ABIGAIL HILTON	SECRETARY TREASURER	2.00	Officer	$0	$0	$0
RAY BROWN	PRESIDENT	2.00	Officer	$0	$0	$0
SARA RANEY	VICE-PRESIDENT	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
2024	No data	No data	No data	No data
2023	$727,528	$866,372	$6,981,141	$-138,844
2022	$539,526	$760,573	$7,117,986	$-221,047
2021	$326,243	$728,242	$7,005,754	$-401,999
2020	$519,398	$545,854	$7,348,868	$-26,456
2019	$374,696	$564,430	$7,329,201	$-189,734
2018	$502,853	$607,998	$7,328,436	$-105,145

IATSE LOCAL UNION 479 BUILDING FUND