U A LOCAL 773 GLENS FALLS BUILDING CORPORATION (EIN 452259636) - 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

2011

Legal Domicile

Principal Officer

MICHAEL JARVIS JR

Phone

5187929157

Tax Period

2024-01-01 to 2024-12-31

U A LOCAL 773 GLENS FALLS BUILDING CORPORATION, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $471K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $74K, a strong 16% operating margin.

Mission

RENTAL OF BUILDING TO UNION AND RELATED FUNDS TO PROVIDE OFFICE AND MEETING SPACE FOR MEMBERS.

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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 $453,518

Investment Income $0

Other Revenue $17,255

TOTAL REVENUE $470,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350,699

Other Expenses $396,904

TOTAL EXPENSES $396,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,773	$501,822	-0.1%
Expenses	$396,904	$409,723	0.0%
Net Income	$73,869	$92,099	-0.2%

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

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

$451,055

Total Directors

$451,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JARVIS JR	DIRECTOR	1.00	Officer Director	$0	$114,100	$246,600
BRIAN KILL	DIRECTOR	1.00	Officer Director	$0	$92,482	$200,118
ADAM ROUND	DIRECTOR	1.00	Officer Director	$0	$770	$2,234
ANDREW LEHET	DIRECTOR	1.00	Officer Director	$0	$770	$2,103
JUSTIN JEFFREY	DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM VANGUILDER	DIRECTOR	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
2024	$470,773	$396,904	$4,419,375	$73,869
2023	$501,822	$409,723	$4,424,059	$92,099
2022	$568,262	$416,602	$4,440,549	$151,660
2021	$554,247	$381,368	$4,461,724	$172,879
2020	$473,331	$368,626	$4,488,995	$104,705
2019	$497,262	$393,939	$4,593,203	$103,323
2018	$621,175	$376,246	$4,690,210	$244,929

U A LOCAL 773 GLENS FALLS BUILDING CORPORATION