BAC LOCAL 2 OF MI HOLIDAY FUND (EIN 382105545) - 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

1957

Legal Domicile

Principal Officer

BRETT GIERAK

Phone

2488286000

Tax Period

2024-05-01 to 2025-04-30

BAC LOCAL 2 OF MI HOLIDAY FUND, founded in 1957, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024.

Mission

THE BRICKLAYERS HOLIDAY TRUST FUND METROPOLITAN AREA IS CRAFTED FOR THE PURPOSE OF PROVIDING HOLIDAY PAY FOR EMPLOYEES UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE BRICKLAYER AND ALLIED CRAFT WORKERS NO. 2, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.

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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 $3,704,243

Investment Income $105,504

Other Revenue $0

TOTAL REVENUE $3,809,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $65,043

TOTAL EXPENSES $3,769,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,809,747	$3,560,123	+0.1%
Expenses	$3,769,286	$3,542,691	+0.1%
Net Income	$40,461	$17,432	+1.3%

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

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

$248,697

Total Directors

$687,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT GIERAK	CHAIRMAN	1.00	Officer Director	$0	$116,120	$248,697
CHAD MORRISON	TRUSTEE	1.00	Director	$0	$106,152	$224,320
SEAN GRIFFIN	TRUSTEE	1.00	Director	$0	$98,421	$214,452
PAUL DUNFORD	TRUSTEE	1.00		$0	$0	$139,865
CHARLES COSTELLA	TRUSTEE	1.00	Director	$0	$0	$0
TREVOR GRACE	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW HARMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRAD LEIDAL	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB MICHIELUTTI	TRUSTEE	1.00	Director	$0	$0	$0

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	$3,809,747	$3,769,286	$2,512,886	$40,461
2024	$3,560,123	$3,542,691	$2,299,680	$17,432
2023	$3,573,955	$3,497,019	$1,737,483	$76,936
2022	$3,146,973	$3,181,816	$1,614,689	$-34,843
2021	$2,197,781	$2,217,361	$1,981,410	$-19,580
2020	$2,072,064	$2,061,533	$1,342,576	$10,531
2019	$1,894,770	$1,883,384	$1,065,819	$11,386
2018	$1,548,527	$1,561,034	$922,214	$-12,507

BAC LOCAL 2 OF MI HOLIDAY FUND