CEMENT MASONS LOCAL NO 502 SAVINGS FUND (EIN 366411337) - 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

1968

Legal Domicile

Principal Officer

KEVIN J FARLEY

Phone

7085449105

Tax Period

2024-06-01 to 2025-05-31

CEMENT MASONS LOCAL NO 502 SAVINGS FUND, founded in 1968, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

SAVINGS FUND

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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 $8,168,011

Investment Income $370,561

Other Revenue $38,793

TOTAL REVENUE $8,577,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $132,670

TOTAL EXPENSES $8,707,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,577,365	$9,139,294	-0.1%
Expenses	$8,707,470	$9,147,339	0.0%
Net Income	$-130,105	$-8,045	+15.2%

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

$491,666

Total Directors

$12,964

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN FARLEY	TRUSTEE	0.20	Director	$0	$0	$0
STEVE BAUMGARTNER	TRUSTEE	0.20	Director	$0	$0	$0
LAWRENCE PICARDI JR	TRUSTEE (NEW)	0.20	Director	$0	$0	$0
BRIAN BARRY	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL SELVAGGI	TRUSTEE (NEW)	0.20	Director	$0	$0	$0
JOHN FARRELL	TRUSTEE (NEW)	0.20	Director	$0	$0	$0
LAWRENCE PICARDI SR	TRUSTEE (PAST)	0.20	Director	$0	$0	$0
COLLIN FARLEY	TRUSTEE (PAST)	0.20	Director	$0	$3,758	$12,964
GARY LUNDSBERG	TRUSTEE (PAST)	0.20	Director	$0	$0	$0
ANGELO FEOLA	ADMINISTRATOR - NEW	0.20	Officer	$0	$91,532	$241,366
WILLIAM BEEMAN	ADMINISTRATOR - PAST	0.20	Officer	$0	$93,649	$250,300
CHARLIE PICARDI	ASSISTANT ADMINISTRATOR	2.50	Highest	$0	$88,401	$230,234
COLLEEN LAKIS	CONTROLLER	0.50	Highest	$0	$75,488	$191,198

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	$8,577,365	$8,707,470	$8,959,813	$-130,105
2024	$9,139,294	$9,147,339	$9,089,918	$-8,045
2023	$9,208,754	$8,163,901	$9,097,963	$1,044,853
2022	$8,003,223	$8,266,411	$8,053,110	$-263,188
2021	$8,108,623	$3,021,218	$8,316,298	$5,087,405
2020	$8,802,486	$14,648,634	$3,244,340	$-5,846,148
2019	$9,192,418	$8,842,772	$9,075,041	$349,646

CEMENT MASONS LOCAL NO 502 SAVINGS FUND