UNITE HERE LOCAL 688 (EIN 381336709) - 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

1937

Legal Domicile

Principal Officer

MARY THOMPSON

Phone

9896866496

Tax Period

2020-01-01 to 2020-07-31

UNITE HERE LOCAL 688, founded in 1937, is a small nonprofit that reported $156K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year. Expenses of $203K exceeded revenue, resulting in a 30% operating deficit.

Mission

OUR OBJECTIVE IS TO ORGANIZE THE UN-ORGANIZED WORKERS ON AN ON-GOING BASIS, TO REPRESENT ALL OF OUR MEMBERS IN ALL DISPUTES WITH THE COMPANIES THEY WORK FOR (INCLUDING GRIEVANCES) AND WORK-PLACE ISSUES, TO DIRECT OUR MEMBERS IN THE RIGHT DIRECTION TO GET THEM ANY KIND OF HELP THEY MIGHT NEED, TO NEGOTIATE CONTRACTS WITH COMPANIES THAT WE REPRESENT, TO REMEDY ANY DISPUTES OVER FAIR REPRESENTATION AND ALL FEDERAL, STATE, AND MUNICIPAL LAWS IN CONJUNCTION WITH OUR MEMBERS AND THEIR JOBS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $167,849

Program Service Revenue $0

Investment Income $-11,475

Other Revenue $0

TOTAL REVENUE $156,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,368

Fundraising Expenses $0

Other Expenses $166,901

TOTAL EXPENSES $203,269

Year-over-Year Comparison

	2020	2019	Change
Revenue	$156,374	$164,961	-0.1%
Expenses	$203,269	$206,811	0.0%
Net Income	$-46,895	$-41,850	+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

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

$24,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY KRAUSE	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
TAMMY BOUZA	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
HR DILARD	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ROB LOCKHART	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
SHERRY OBERMILLER	TRUSTEE	1.00	Director	$0	$0	$0
BARB MANYEN	TRUSTEE	1.00	Director	$0	$0	$0
DAWN KOBER	TRUSTEE	1.00	Director	$0	$0	$0
SHERRI SUTTON	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
MARY THOMPSON	SECRETARY/TREASURER	40.00	Officer	$24,205	$0	$24,205

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
2020	$156,374	$203,269	No data	$-46,895
2019	$164,961	$206,811	$46,895	$-41,850
2018	$194,455	$211,408	$88,745	$-16,953

UNITE HERE LOCAL 688