OPERATIVE PLASTERERS & CEMENT MASONS INTL ASSOC OF IN & KY LOCAL 692 (EIN 351854655) - 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

1992

Legal Domicile

Principal Officer

MATTHEW RHOADES

Phone

3179724720

Tax Period

2025-01-01 to 2025-12-31

OPERATIVE PLASTERERS & CEMENT MASONS INTL ASSOC OF IN & KY LOCAL 692, founded in 1992, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2025. The organization ran a surplus of $916K, a strong 20% operating margin.

Mission

LABOR 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,426,054

Investment Income $105,664

Other Revenue $23,204

TOTAL REVENUE $4,554,922

Expense Breakdown

Grants Paid $7,015

Salaries & Benefits $2,292,585

Fundraising Expenses $0

Other Expenses $1,338,893

TOTAL EXPENSES $3,638,493

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,554,922	$4,401,381	+0.0%
Expenses	$3,638,493	$3,609,088	+0.0%
Net Income	$916,429	$792,293	+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

N/A

Employees

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

$934,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW RHOADES	BUSINESS MGR/FINANCIAL SEC	40.00	Officer	$149,401	$98,621	$248,022
CHARLES HUDSON	PRESIDENT	40.00	Officer	$130,662	$94,177	$224,839
CHARLES SPICER	VICE PRESIDENT	40.00	Officer	$95,072	$62,520	$157,592
THOMAS STEVENS	SERGEANT AT ARMS	40.00	Officer	$89,521	$56,339	$145,860
RUSSELL REDMON	RECORDING SECRETARY	40.00	Officer	$90,724	$67,460	$158,184
DOUGLAS TIPOLD	BUSINESS AGENT	40.00	Highest	$125,509	$98,852	$224,361
JOSHUA SULLIVAN	BUSINESS AGENT	40.00	Highest	$116,945	$95,673	$212,618
RONALD MORIN	BUSINESS AGENT	40.00	Highest	$100,511	$64,410	$164,921
TARENCE MCCARTER	BUSINESS AGENT	40.00	Highest	$101,853	$63,945	$165,798

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	$4,554,922	$3,638,493	$5,430,432	$916,429
2024	$4,401,381	$3,609,088	$4,539,178	$792,293
2023	$3,981,743	$3,241,302	$3,694,935	$740,441
2022	$3,514,919	$3,075,047	$2,984,936	$439,872
2021	$2,871,151	$3,073,882	$2,781,381	$-202,731
2020	$2,878,890	$2,879,369	$2,744,044	$-479
2019	$3,188,986	$2,867,621	$2,752,324	$321,365
2018	$3,104,874	$2,839,470	$2,444,591	$265,404

OPERATIVE PLASTERERS & CEMENT MASONS INTL ASSOC OF IN & KY LOCAL 692