STUDIO MECHANICS LOCAL 476 LEGAL AND EDUCATIONAL ASSISTANCE FUND (EIN 474045210) - 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

1963

Legal Domicile

Principal Officer

ANTHONY BARRACCA

Phone

7737755300

Tax Period

2024-01-01 to 2024-12-31

STUDIO MECHANICS LOCAL 476 LEGAL AND EDUCATIONAL ASSISTANCE FUND, founded in 1963, is a small nonprofit in the Employment sector that reported $911K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 30% operating margin.

Mission

THE STUDIO MECHANICS LOCAL 476 LEGAL AND EDUCATION ASSISTANCE FUND WILL PROVIDE FREE AND REDUCED-RATE LEGAL SERVICES AND REIMBURSE CERTAIN EDUCATION RELATED EXPENSES, SUCH AS TUITION, ROOM AND BOARD, AND BOOK FEES TO STUDIO MECHANICS LOCAL 476 BARGAINING UNIT MEMBERS AND THEIR DEPENDENTS.

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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 $900,187

Investment Income $10,618

Other Revenue $0

TOTAL REVENUE $910,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $53,666

TOTAL EXPENSES $635,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$910,805	$474,508	+0.9%
Expenses	$635,174	$674,802	-0.1%
Net Income	$275,631	$-200,294	-2.4%

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

$324,786

Total Directors

$636,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BARRACCA	CHAIRMAN	1.00	Officer Director	$0	$43,710	$324,786
DEMETRA DIAMANTOPOULOS	TRUSTEE	1.00	Director	$0	$0	$0
MARK HOGAN	TRUSTEE	1.00	Director	$0	$0	$6,000
RICHARD LEDERER	TRUSTEE	1.00	Director	$0	$0	$2,800
CHRISTOPHER HUDECEK	TRUSTEE	1.00	Director	$0	$42,801	$302,904
KEVIN MARQUARDT	TRUSTEE	1.00	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	$910,805	$635,174	$569,562	$275,631
2023	$474,508	$674,802	$295,268	$-200,294
2022	$954,098	$1,031,190	$496,632	$-77,092
2021	$1,319,939	$998,314	$561,750	$321,625
2020	$623,365	$765,528	$245,445	$-142,163
2019	$989,843	$929,454	$384,455	$60,389
2018	$834,568	$791,318	$318,468	$43,250

STUDIO MECHANICS LOCAL 476 LEGAL AND EDUCATIONAL ASSISTANCE FUND