Carpenters Local Union 1905 (EIN 462442467) - 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

1905

Legal Domicile

Principal Officer

Matthew Swanson

Phone

4072822004

Tax Period

2023-07-01 to 2024-06-30

Carpenters Local Union 1905, founded in 1905, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Expenses of $166K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Local is a not-for-profit organization whose purpose is to promote the interest of its labor union membership.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,426

Program Service Revenue $0

Investment Income $0

Other Revenue $2,436

TOTAL REVENUE $144,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,614

Fundraising Expenses $0

Program Expenses $165,905

Other Expenses $107,291

TOTAL EXPENSES $165,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,862	$138,346	+0.0%
Expenses	$165,905	$160,177	+0.0%
Net Income	$-21,043	$-21,831	0.0%

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

$147,308

Total Directors

Key Employees

$87,308

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Swanson	Financial Secretary	040.00	Officer Key Emp Highest	$0	$0	$87,308
Alfonso Ortiz Jr	Recording Secretary	001.00	Officer	$0	$0	$60,000
Eleazar Lappost	Trustee	001.00	Director	$0	$0	$0
Michael Misgen	Trustee	001.00	Director	$0	$0	$0
Timothy Susko	Trustee	001.00	Director	$0	$0	$0
George Hudson	Conductor	001.00	Officer	$0	$0	$0
James Sturiano	President	001.00	Officer Key Emp	$0	$0	$0
Michael Ferreira	Vice President	001.00	Officer Key Emp	$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	$144,862	$165,905	$40,689	$-21,043
2023	$138,346	$160,177	$62,237	$-21,831
2022	$144,560	$129,194	$83,563	$15,366
2021	$141,256	$133,872	$68,197	$7,384
2020	$172,432	$197,646	$60,813	$-25,214
2019	$242,983	$184,214	$86,027	$58,769
2018	$205,557	$209,952	$27,258	$-4,395

Carpenters Local Union 1905