PRODUCTION WORKERS UNION OF CHICAGO LOCAL 707 (EIN 362249170) - 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

1981

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PRODUCTION WORKERS UNION OF CHICAGO AND VICINITY LOCAL 707, founded in 1981, is a small nonprofit that reported $760K in total revenue in fiscal year 2018. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THIER CONDITION AND STATUS

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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 $781,091

Investment Income $0

Other Revenue $0

TOTAL REVENUE $781,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,419

Fundraising Expenses $0

Program Expenses $1,192,639

Other Expenses $559,220

TOTAL EXPENSES $1,192,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$781,091	$729,306	+0.1%
Expenses	$1,192,639	$1,091,049	+0.1%
Net Income	$-411,548	$-361,743	+0.1%

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

$773,481

Total Directors

$56,557

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOSEPH SENESE	PRESIDENT	Officer	$297,956	$0	$297,956
JEFFERY PIERUCCI	SECRETARY TREASURER	Officer	$47,377	$0	$227,905
JAMES MELTREGER	RECORDING SECRETARY	Officer	$12,000	$0	$145,407
JOSE DIAZ	VICE PRESIDENT	Officer	$102,213	$0	$102,213
TAMMY HENRICHS	TRUSTEE	Director	$12,000	$0	$56,557

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	$781,091	$1,192,639	$49,170	$-411,548
2022	$729,306	$1,091,049	$53,802	$-361,743
2021	$872,955	$995,069	$63,329	$-122,114
2020	$780,434	$928,239	$100,188	$-147,805
2018	$760,498	$1,204,126	$235,431	$-443,628

PRODUCTION WORKERS UNION OF CHICAGO LOCAL 707