CEMENT MASONS UNION LOCAL NO 502 (EIN 360881245) - 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

1913

Legal Domicile

Principal Officer

KEVIN FARLEY

Phone

7085449100

Tax Period

2024-08-01 to 2025-07-31

CEMENT MASONS UNION LOCAL NO 502, founded in 1913, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2019. The organization ran a surplus of $1.2M, a strong 19% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,765,478

Investment Income $-148,747

Other Revenue $-128,237

TOTAL REVENUE $7,488,494

Expense Breakdown

Grants Paid $66,380

Salaries & Benefits $3,773,634

Fundraising Expenses $0

Other Expenses $2,737,094

TOTAL EXPENSES $6,600,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,488,494	$7,961,748	-0.1%
Expenses	$6,600,508	$6,261,725	+0.1%
Net Income	$887,986	$1,700,023	-0.5%

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

$1,522,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY DANIELS	VICE PRESIDENT	3.00	Officer	$18,318	$0	$18,318
JOHN SASSANO JR	EXECUTIVE BOARD	1.00	Officer	$11,112	$0	$11,112
CHARLES PICARDI JR	EXECUTIVE BOARD	1.00	Officer	$12,002	$0	$12,002
KEVIN FARLEY	PRESIDENT	55.00	Officer	$204,700	$148,919	$353,619
THOMAS GOLF	TRUSTEE	1.00	Officer	$5,764	$0	$5,764
LAWRENCE PICARDI SR	SEC'Y/TREAS - PAST	55.00	Officer	$226,075	$142,996	$369,071
SANDRA HUNT	TRUSTEE - BEN PLAN	1.00	Officer	$1,775	$0	$1,775
DENNIS FARLEY	SGT AT ARMS - PAST	1.00	Officer	$7,554	$0	$7,554
ANGELO FEOLA	EXECUTIVE BOARD	1.00	Officer	$17,165	$0	$17,165
ANTONIO ACEVEDO	TRUSTEE - BEN PLAN	1.00	Officer	$4,077	$0	$4,077
JAY LASALA	TRUSTEE - BEN PLAN	1.00	Officer	$0	$0	$0
MICHAEL ALBRECHT	TRUSTEE - BEN PLAN	1.00	Officer	$0	$0	$0
JOHN MANLEY	TRUSTEE - BEN PLAN / BA	55.00	Officer	$166,026	$121,454	$287,480
CHARLES J PICARDI	TRUSTEE	1.00	Officer	$11,518	$0	$11,518
LAWRENCE PICARDI JR	SEC'Y/TREAS - NEW	55.00	Officer	$169,402	$129,784	$299,186
MATTHEW HIGGINS	RECORDING SEC'Y - PAST	1.00	Officer	$65,954	$34,853	$100,807
WILLIAM C BEEMAN	TRUSTEE - BEN PLAN	1.00	Officer	$0	$0	$0
THEODORE WARZECHA III	RECORDING SEC'Y - NEW	1.00	Officer	$5,317	$0	$5,317
ANTHONY FARRELL	TRUSTEE - BEN PLAN	1.00	Officer	$4,517	$0	$4,517
PATRICK LACASSA	TRUSTEE - BEN PLAN	1.00	Officer	$8,018	$0	$8,018
JOHN TERMINE	TRUSTEE - BEN PLAN	1.00	Officer	$0	$0	$0
COLLIN FARLEY	TRUSTEE - BEN PLAN	1.00	Officer	$4,517	$0	$4,517
EMILIO GARZA	SGT AT ARMS - NEW	1.00	Officer	$0	$0	$0
MICHAEL PACK	TRUSTEE - NEW	1.00	Officer	$800	$0	$800
JOHN FARRELL	TRUSTEE - BEN PLAN - NEW	1.00	Officer	$0	$0	$0
MARK WARZECHA	BUSINESS AGENT	55.00	Highest	$164,256	$126,088	$290,344
CLAUDIO ROBLES	BUSINESS AGENT	55.00	Highest	$164,253	$126,079	$290,332
ADAM HIGGINS	BUSINESS AGENT	55.00	Highest	$162,115	$125,677	$287,792
PAUL REDMANN	BUSINESS AGENT	55.00	Highest	$164,918	$125,959	$290,877
MICHAEL MCLAREN	BUSINESS AGENT	1.00	Highest	$150,547	$118,514	$269,061

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	$7,488,494	$6,600,508	$24,886,436	$887,986
2024	$7,961,748	$6,261,725	$24,302,731	$1,700,023
2023	$7,782,549	$5,741,869	$23,001,792	$2,040,680
2022	$6,796,612	$5,057,379	$21,295,278	$1,739,233
2021	$5,327,844	$4,662,390	$16,948,856	$665,454
2020	$6,288,668	$5,094,890	$15,707,879	$1,193,778

CEMENT MASONS UNION LOCAL NO 502