LOCAL 601 BUILDING CORPORATION (EIN 371078674) - 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

Principal Officer

TONY HUBBARD

Phone

2173521741

Tax Period

2025-01-01 to 2025-12-31

LOCAL 601 BUILDING CORPORATION, founded in 1981, is a small nonprofit that reported $348K in total revenue in fiscal year 2025. Revenue surged 323% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 60% operating margin.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,939

Investment Income $0

Other Revenue $316,278

TOTAL REVENUE $348,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $137,550

TOTAL EXPENSES $137,550

Year-over-Year Comparison

	2025	2024	Change
Revenue	$348,217	$82,289	+3.2%
Expenses	$137,550	$116,237	+0.2%
Net Income	$210,667	$-33,948	-7.2%

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

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

$305,719

Total Directors

$305,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARRETT CLEM	BUS MGR/FIN SECY - PAST	1.00	Officer Director	$0	$19,351	$72,802
JACQUES LEFAIVRE	EXECUTIVE BOARD - PAST	1.00	Officer Director	$0	$0	$239
JAKE DALTON	EXECUTIVE BOARD - PAST	1.00	Officer Director	$0	$0	$287
MARCUS ALBERT	EXECUTIVE BOARD - PAST	1.00	Officer Director	$0	$0	$287
PAT MCINTOSH	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$546
TIM BLOOMER	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$3,526
SHANE STREET	PRESIDENT	1.00	Officer Director	$0	$0	$2,907
JUSTIN HENDERSON	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$1,095
THEODORE BURGIN III	TREASURER - PAST	1.00	Officer Director	$0	$0	$21,274
BLAKE WITHERS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$96
BRIAN ANDERSEN	BUS MGR/FIN SECY - NEW	1.00	Officer Director	$0	$47,859	$188,956
TONY HUBBARD	TREASURER - NEW	1.00	Officer Director	$0	$0	$11,789
ROBERT OHLSSON	EXECUTIVE BOARD - NEW	1.00	Officer Director	$0	$0	$1,327
DUSTIN SEAMAN	EXECUTIVE BOARD - NEW	1.00	Officer Director	$0	$0	$294
CLAYTON MEYER	EXECUTIVE BOARD - NEW	1.00	Officer Director	$0	$0	$294

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	$348,217	$137,550	$947,925	$210,667
2024	$82,289	$116,237	$737,258	$-33,948
2023	$36,887	$112,791	$771,206	$-75,904
2022	$39,742	$107,765	$847,110	$-68,023
2021	$186,642	$119,594	$915,133	$67,048
2020	$202,287	$109,880	$848,085	$92,407
2019	$93,945	$117,946	$755,678	$-24,001
2018	$110,545	$129,838	$779,679	$-19,293

LOCAL 601 BUILDING CORPORATION