WAREHOUSE EMPLOYEES LOCAL UNION NO 570 (EIN 520521895) - 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

1940

Legal Domicile

Principal Officer

SEAN CEDENIO

Phone

4102845081

Tax Period

2024-01-01 to 2024-12-31

WAREHOUSE EMPLOYEES LOCAL UNION NO 570, founded in 1940, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 3% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO COORDINATE ACTIVITIES, EDUCATE, AND PROVIDE BENEFITS FOR ITS 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 $3,099,678

Investment Income $95,958

Other Revenue $6,995

TOTAL REVENUE $3,202,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,607,320

Fundraising Expenses $0

Program Expenses $2,504,359

Other Expenses $1,487,206

TOTAL EXPENSES $3,094,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,202,631	$2,798,157	+0.1%
Expenses	$3,094,526	$2,680,165	+0.2%
Net Income	$108,105	$117,992	-0.1%

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

$591,781

Total Directors

$616,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY KELLY	TRUSTEE	5.00	Director	$8,691	$0	$8,691
ANGELO WILSON	TRUSTEE	5.00	Director	$7,584	$0	$7,584
KAREN MILLER	TRUSTEE	5.00	Director	$8,784	$0	$8,784
JOESPH FOWLER	RECORDING SECRETARY	40.00	Officer Director	$116,213	$25,620	$141,833
SEAN CEDENIO	SECRETARY-TREASURER	40.00	Officer Director	$139,144	$31,740	$170,884
RICHARD BROWN	PRESIDENT	40.00	Officer Director	$121,063	$31,740	$152,803
WILLIAM HEIL	VICE PRESIDENT	40.00	Officer Director	$94,521	$31,740	$126,261
MOSES JACKSON	FORMER VICE PRESIDENT	40.00		$108,455	$31,740	$140,195

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	$3,202,631	$3,094,526	$3,533,644	$108,105
2023	$2,798,157	$2,680,165	$3,393,294	$117,992
2022	$2,596,523	$2,292,177	$3,128,769	$304,346
2021	$2,386,732	$2,213,284	$2,908,314	$173,448
2020	$2,346,028	$2,158,484	$2,757,920	$187,544
2019	$2,382,465	$2,158,568	$2,614,535	$223,897
2018	$2,364,928	$2,036,687	$2,341,964	$328,241

WAREHOUSE EMPLOYEES LOCAL UNION NO 570