LOCAL 639 LEGAL SERVICES FUND (EIN 521096713) - 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

1977

Legal Domicile

Principal Officer

SCOTT CLARK

Phone

4108729500

Tax Period

2024-01-01 to 2024-12-31

LOCAL 639 LEGAL SERVICES FUND, founded in 1977, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 65% operating margin.

Mission

TO PROVIDE LEGAL AND TAX BENEFITS FOR ELIGIBLE EMPLOYEES 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 $180,372

Investment Income $114,485

Other Revenue $0

TOTAL REVENUE $294,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,284

Fundraising Expenses $0

Other Expenses $74,935

TOTAL EXPENSES $101,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,857	$229,129	+0.3%
Expenses	$101,749	$113,394	-0.1%
Net Income	$193,108	$115,735	+0.7%

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

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

Total Directors

$6,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK W STEGMAN	TRUSTEE	2.00	Director	$6,284	$0	$6,284
WAYNE SETTLES	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT CLARK	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL GOBLE	TRUSTEE	2.00	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	$294,857	$101,749	$1,888,071	$193,108
2023	$229,129	$113,394	$1,688,391	$115,735
2022	$193,614	$102,568	$1,569,608	$91,046
2021	$161,252	$103,241	$1,480,772	$58,011
2020	$181,179	$128,256	$1,417,875	$52,923
2019	$229,278	$137,102	$1,363,459	$92,176
2018	$222,352	$143,960	$1,270,916	$78,392

LOCAL 639 LEGAL SERVICES FUND