OPERATIVE PLASTERERS & CEMENT MASON LOCAL UNION 518 (EIN 440194955) - 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

1914

Legal Domicile

Principal Officer

KEVIN GARD

Phone

8168335900

Tax Period

2024-10-01 to 2025-09-30

OPERATIVE PLASTERERS & CEMENT MASON LOCAL UNION 518, founded in 1914, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $653K, a strong 24% operating margin.

Mission

TO ENCOURAGE A HIGH STANDARD OF SKILL; FAIR STANDARD OF WAGES; ASSIST EACH OTHER IN SECURING EMPLOYMENT; PROTECT THE JURISDICTION OF THE TRADE

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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 $2,647,061

Investment Income $66,047

Other Revenue $17,331

TOTAL REVENUE $2,730,439

Expense Breakdown

Grants Paid $30,367

Salaries & Benefits $887,030

Fundraising Expenses $0

Other Expenses $1,008,487

TOTAL EXPENSES $2,077,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,730,439	$2,428,619	+0.1%
Expenses	$2,077,335	$2,142,580	0.0%
Net Income	$653,104	$286,039	+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

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

$354,397

Total Directors

$683,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CLAY	TRUSTEE	41.00	Director	$95,386	$61,878	$157,264
GORDON HITT	PRESIDENT/BUSINESS AGENT	41.00	Officer Director	$107,279	$64,605	$171,884
KEVIN NESBITT	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN GARD	BUS MGR/SECRETARY/TREASURER	41.00	Officer Director	$119,990	$62,523	$182,513
WHITNEY CHANDLER	TRUSTEE	1.00	Director	$0	$0	$0
PHIL MOUNT	TRUSTEE	41.00	Director	$107,692	$64,605	$172,297
TINA READ	SARGEANT AT ARMS	1.00	Officer Director	$0	$0	$0
KENNETH GORHAM	VICE PRESIDENT	1.00	Officer 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	$2,730,439	$2,077,335	$2,730,796	$653,104
2024	$2,428,619	$2,142,580	$2,077,091	$286,039
2023	$2,255,676	$1,827,346	$1,707,021	$428,330
2022	$1,935,927	$1,686,316	$1,448,763	$249,611
2021	$1,891,174	$1,646,798	$1,343,448	$244,376
2020	$1,734,386	$1,502,633	$1,117,943	$231,753
2019	$1,356,485	$1,389,078	$604,572	$-32,593

OPERATIVE PLASTERERS & CEMENT MASON LOCAL UNION 518