LOCAL 705 BUILDING CORPORATION (EIN 367060755) - 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

1966

Legal Domicile

Phone

3127382800

Tax Period

2024-01-01 to 2024-12-31

LOCAL 705 BUILDING CORPORATION, founded in 1966, is a small nonprofit that reported $586K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 73% operating deficit.

Mission

TO HOLD AND MANAGE REAL ESTATE

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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 $337,655

Investment Income $0

Other Revenue $248,089

TOTAL REVENUE $585,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,407

Fundraising Expenses $0

Other Expenses $826,402

TOTAL EXPENSES $1,011,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$585,744	$615,387	0.0%
Expenses	$1,011,809	$1,098,396	-0.1%
Net Income	$-426,065	$-483,009	-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

$1,347,936

Total Directors

$2,157,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY OBNEY	TRUSTEE	1.00	Director	$0	$95,244	$280,026
SCOTT REIN	TRUSTEE	1.00	Director	$0	$1,125	$267,159
JOSEPH BAKES	RECORDING SECRETARY	1.00	Officer Director	$0	$103,222	$351,718
JUAN CAMPOS	SECRETARY-TREASURER	1.00	Officer Director	$0	$114,477	$315,910
KENNETH EMANUELSON	PRESIDENT	1.00	Officer Director	$0	$73,095	$356,611
GREGORY FOSTER	VICE-PRESIDENT	1.00	Officer Director	$0	$73,095	$323,697
EDDIE VALLEJO	TRUSTEE	1.00	Director	$0	$73,095	$262,366

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	$585,744	$1,011,809	$9,283,981	$-426,065
2023	$615,387	$1,098,396	$9,156,945	$-483,009
2022	$722,205	$734,326	$9,407,523	$-12,121
2021	$307,759	$950,333	$9,883,714	$-642,574
2020	$314,475	$631,070	$9,293,481	$-316,595
2019	$-26,240	$665,734	$8,836,054	$-691,974
2018	$165,762	$811,300	$8,928,361	$-645,538

LOCAL 705 BUILDING CORPORATION