FLOOR LAYERS LOCAL 251 (EIN 452446553) - 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

FRANK KOCH

Phone

7324175777

Tax Period

2024-07-01 to 2025-06-30

FLOOR LAYERS LOCAL 251, founded in 2011, is a small nonprofit that reported $352K in total revenue in fiscal year 2024.

Mission

TO PROMOTE AND PROTECT THE INTERESTS OF THE MEMBERSHIP AND TO ELEVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS OF ALL WORKING MEN AND WOMEN.

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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 $330,650

Investment Income $0

Other Revenue $21,080

TOTAL REVENUE $351,730

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $23,662

Fundraising Expenses $0

Other Expenses $314,837

TOTAL EXPENSES $369,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,730	$353,240	0.0%
Expenses	$369,499	$338,224	+0.1%
Net Income	$-17,769	$15,016	-2.2%

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

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

$11,287

Total Directors

$5,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW FRAME	TRUSTEE	1.00	Director	$2,287	$0	$2,287
SAMUEL MCPHERSON	TREASURER	1.00	Officer	$2,045	$0	$2,045
SERGIO VERDESCO	FINANCIAL SE	1.00	Officer	$2,045	$0	$2,045
KEVIN OLSON	VICE PRESIDE	1.00	Officer	$1,845	$0	$1,845
DAVID BRETT	TRUSTEE	1.00	Director	$1,839	$0	$1,839
JOE DASILVA	TRUSTEE	1.00	Director	$1,839	$0	$1,839
FRANK KOCH	PRESIDENT	1.00	Officer	$1,839	$0	$1,839
ZACHARY TIPPIE	CONDUCTOR	1.00	Officer	$1,839	$0	$1,839
STEPHEN KATCHUK JR	WARDEN	1.00	Officer	$1,226	$0	$1,226
GERALD MCGINLEY	RECORDING SE	1.00	Officer	$448	$0	$448

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	$351,730	$369,499	$310,162	$-17,769
2024	$353,240	$338,224	$328,039	$15,016
2023	$334,275	$328,082	$312,913	$6,193
2022	$326,028	$328,814	$306,720	$-2,786
2021	$335,409	$309,050	$309,506	$26,359

FLOOR LAYERS LOCAL 251