LOCAL UNION 1556 (EIN 452787952) - 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

CARL ZANCHELLI

Phone

2129892284

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION 1556, founded in 2011, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024.

Mission

COLLECTIVE BARGAINING AND REPRESENTATION FOR THEIR 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 $1,855,666

Investment Income $79,874

Other Revenue $31,912

TOTAL REVENUE $1,967,452

Expense Breakdown

Grants Paid $87,560

Salaries & Benefits $510,175

Fundraising Expenses $0

Other Expenses $1,391,048

TOTAL EXPENSES $1,997,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,967,452	$1,999,206	0.0%
Expenses	$1,997,283	$1,877,359	+0.1%
Net Income	$-29,831	$121,847	-1.2%

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

N/A

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

$37,825

Total Directors

$18,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR SAUME	FINANCIAL SECRETARY	2.00	Director	$7,050	$0	$7,050
REY CANDELARIO	TRUSTEE	2.00	Director	$4,950	$0	$4,950
SEAMUS GLACKIN	TRUSTEE	2.00	Director	$4,200	$0	$4,200
PETER KOWALEVICH	TRUSTEE	2.00	Director	$2,100	$0	$2,100
CARL ZANCHELLI	PRESIDENT	8.00	Officer	$14,725	$0	$14,725
WAYNE CLARK	TREASURER	2.00	Officer	$6,975	$0	$6,975
CHRISTOPHER SORENSEN	VP	2.00	Officer	$6,150	$0	$6,150
BRIAN MCLAUGHLIN	RECORDING SECRETARY	2.00	Officer	$5,075	$0	$5,075
FREDRICK LAWSON	CONDUCTOR	2.00	Officer	$2,800	$0	$2,800
RAYMOND SANCHEZ	WARDEN	2.00	Officer	$2,100	$0	$2,100

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	$1,967,452	$1,997,283	$3,310,018	$-29,831
2024	$1,999,206	$1,877,359	$3,122,482	$121,847
2023	$1,932,254	$1,857,117	$2,819,556	$75,137
2022	$2,057,999	$1,828,501	$2,715,890	$229,498
2021	$1,848,370	$1,521,748	$2,487,192	$326,622
2020	$2,120,196	$1,647,580	$2,125,441	$472,616
2019	$1,990,620	$1,826,154	$1,646,076	$164,466

LOCAL UNION 1556