LOCAL 42 BUILDING CORPORATION (EIN 311499235) - 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

1997

Legal Domicile

Principal Officer

BRIAN VANDERPOOL

Phone

4196684491

Tax Period

2024-07-01 to 2025-06-30

LOCAL 42 BUILDING CORPORATION, founded in 1997, is a small nonprofit that reported $277K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $187K, a strong 67% operating margin.

Mission

TO RECEIVE, OWN, OPERATE, LEASE, CONSTRUCT, MANAGE AND MAINTAIN REAL OR PERSONAL PROPERTY, OR BOTH, AND PRIMARILY REAL PROPERTY FOR THE PURPOSE OF PROVIDING BUILDINGS FOR THE BENEFIT OF PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 42 LABOR ORGANIZATION.

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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 $200,000

Program Service Revenue $74,925

Investment Income $1,865

Other Revenue $0

TOTAL REVENUE $276,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $90,016

TOTAL EXPENSES $90,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,790	$344,985	-0.2%
Expenses	$90,016	$55,599	+0.6%
Net Income	$186,774	$289,386	-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

$352,294

Total Directors

$370,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN YOUNGBERG	TREASURER	1.00	Officer Director	$0	$79,531	$186,634
BRIAN VANDERPOOL	PRESIDENT	1.00	Officer Director	$0	$74,867	$165,660
KEVIN LUKITSCH JR	TRUSTEE	1.00	Director	$0	$0	$12,479
ALLEN HIPP	TRUSTEE	1.00	Director	$0	$0	$5,881
DINO CAMERA	TRUSTEE	1.00	Director	$0	$0	$0
MARIO CAMERA	SECRETARY	1.00	Director	$0	$0	$0
JAMES HUTTE	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL WHITE	VICE PRESIDE	1.00	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
2025	$276,790	$90,016	$1,701,605	$186,774
2024	No data	No data	No data	No data
2023	$59,973	$71,329	$422,854	$-11,356
2022	$53,331	$72,547	$432,361	$-19,216
2021	$52,144	$74,934	$452,146	$-22,790
2020	$53,239	$79,276	$477,703	$-26,037
2019	$57,449	$70,752	$499,983	$-13,303
2018	$53,778	$69,765	$513,686	$-15,987

LOCAL 42 BUILDING CORPORATION