LOCAL UNION #776 BUILDING CORPORATION (EIN 341467995) - 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

1985

Legal Domicile

Principal Officer

BRAD WENDEL

Phone

4192295176

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION #776 BUILDING CORPORATION, founded in 1985, is a micro nonprofit that reported $59K in total revenue in fiscal year 2023. Expenses of $85K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO HOLD AND MAINTAIN A BUILDING FACILITY FOR THE UNITED ASSOCIATION OF PLUMBERS AND PIPEFITTER AFL-CIO UNION #776 AND JOINT APPRENCTICE COMMITTEE OF THE PLUMBING, PIPEFITTING, AIR CONDITIONING, AND REFRIGERATION INDUSTRY.

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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 $59,300

Investment Income $16

Other Revenue $22

TOTAL REVENUE $59,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $84,991

TOTAL EXPENSES $84,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,338	$59,461	0.0%
Expenses	$84,991	$92,474	-0.1%
Net Income	$-25,653	$-33,013	-0.2%

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

$208,901

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CHILES	CHAIR	1.00	Director	$0	$556	$9,548
CORY ZEIGLER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC LEUGERS	TRUSTEE	1.00	Director	$0	$0	$0
BEN FLEAGLE	TRUSTEE	1.00	Director	$0	$0	$0
BRAD WENDEL	BUSINESS MANAGER	1.00	Director	$0	$90,039	$199,353

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	$59,338	$84,991	$675,045	$-25,653
2022	$59,461	$92,474	$700,698	$-33,013
2021	$59,213	$86,782	$733,711	$-27,569
2020	$993,940	$118,769	$761,280	$875,171
2019	$152,349	$134,317	$808,084	$18,032
2018	$143,781	$139,084	$826,231	$4,697

LOCAL UNION #776 BUILDING CORPORATION