ROOFERS UNION LOCAL NO 70 VACATION BENEFIT TRUST PLAN (EIN 382779799) - 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

1988

Legal Domicile

Principal Officer

MARK WOODWARD

Phone

5175486554

Tax Period

2024-01-01 to 2024-12-31

ROOFERS UNION LOCAL NO 70 VACATION BENEFIT TRUST PLAN, founded in 1988, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 4% surplus.

Mission

THE ROOFERS UNION LOCAL NO. 70 VACATION BENEFIT TRUST IS CRAFTED FOR THE PURPOSE OF PROVIDING VACATION BENEFITS TO ELIGIBLE MEMBERS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE ROOFERS UNION LOCAL NO. 70, IN COMPLIANCE WITH THE TAFT-HARTLEY 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 $2,229,267

Investment Income $26,475

Other Revenue $94,719

TOTAL REVENUE $2,350,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,229,267

Other Expenses $22,469

TOTAL EXPENSES $2,251,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,350,461	$2,353,474	0.0%
Expenses	$2,251,736	$2,315,104	0.0%
Net Income	$98,725	$38,370	+1.6%

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

$99,386

Total Directors

$196,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WOODWARD	CHAIRMAN	1.00	Officer Director	$0	$0	$99,386
CHARLES RUMSEY	TRUSTEE	1.00	Director	$0	$0	$95,913
NICK BOSWORTH	TRUSTEE	1.00	Director	$0	$0	$954
TOM BLOOM	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMY GAY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE COOK LINDSEY	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
2024	$2,350,461	$2,251,736	$574,088	$98,725
2023	$2,353,474	$2,315,104	$471,229	$38,370
2022	$2,042,569	$2,033,983	$439,346	$8,586
2021	$1,918,195	$1,923,685	$416,764	$-5,490
2020	$1,727,103	$1,737,500	$429,351	$-10,397
2019	$1,535,519	$1,538,677	$387,068	$-3,158
2018	$1,316,946	$1,322,961	$332,287	$-6,015

ROOFERS UNION LOCAL NO 70 VACATION BENEFIT TRUST PLAN