BAKERY CONFECTIONERY TOBACCO WORKERS AND GRAIN MILLERS LOCAL UNION #50 (EIN 470396005) - 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

1948

Legal Domicile

Principal Officer

ROB DOWN

Phone

4023411159

Tax Period

2024-01-01 to 2024-12-31

BAKERY CONFECTIONERY TOBACCO WORKERS AND GRAIN MILLERS LOCAL UNION #50, founded in 1948, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Expenses of $686K left a modest 4% surplus.

Mission

MUTUAL BENEFIT AND UNITY OF UNION WORKERS

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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 $710,375

Investment Income $2,978

Other Revenue $0

TOTAL REVENUE $713,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,099

Fundraising Expenses $0

Other Expenses $403,246

TOTAL EXPENSES $686,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,353	$720,470	0.0%
Expenses	$686,345	$602,933	+0.1%
Net Income	$27,008	$117,537	-0.8%

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

$137,203

Total Directors

$17,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY MERRITT	PRESIDENT	3.00	Officer Director	$8,352	$0	$8,352
KAREN BATES	TRUSTEE	3.00	Director	$701	$0	$701
JEFF HIRTZEL	TRUSTEE	3.00	Director	$612	$0	$612
TODD MEEK	TRUSTEE	3.00	Director	$1,461	$0	$1,461
MARK SCOTT	SGT AT ARMS	3.00	Officer Director	$3,165	$0	$3,165
FABIAN RUBIO	VICE PRESIDENT	3.00	Officer Director	$590	$0	$590
NICK ODEN	SGT AT ARMS	3.00	Officer Director	$0	$0	$0
DAN LUERS	SECRETARY	3.00	Officer Director	$2,322	$0	$2,322
ROB DOWN	BUSINESS AGENT	40.00	Officer	$114,374	$8,400	$122,774

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	$713,353	$686,345	$396,854	$27,008
2023	$720,470	$602,933	$378,201	$117,537
2022	$543,917	$525,229	$249,946	$18,688
2021	$531,400	$511,129	$321,484	$20,271
2020	$485,221	$490,757	$214,261	$-5,536
2019	$495,606	$490,101	$219,523	$5,505
2018	$471,146	$537,892	$209,468	$-66,746

BAKERY CONFECTIONERY TOBACCO WORKERS AND GRAIN MILLERS LOCAL UNION #50