ROOFERS LOCAL UNION 34 (EIN 526055525) - 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

1971

Legal Domicile

Principal Officer

LEROY ROBERTSON

Phone

3012765928

Tax Period

2023-01-01 to 2023-12-31

ROOFERS LOCAL UNION 34, founded in 1971, is a small nonprofit in the Employment sector that reported $422K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 23% operating margin.

Mission

THE MISSION OF ROOFERS LOCAL UNION 34 IS TO PROMOTE PUBLIC AWARENESS OF THE VALUE OF HIRING UNION ROOFING CONTRACTORS. THE UNION ALSO SERVES TO MAINTAIN THE FUNDS THAT PROVIDE HEALTH BENEFITS TO THE MEMBERS. FINALLY, THE UNION CONDUCTS APPRENTICESHIP PROGRAMS TO PROMOTE THE CONTINUANCE OF QUALIFIED ROOFERS.

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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 $422,016

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $422,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,033

TOTAL EXPENSES $324,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,016	$287,287	+0.5%
Expenses	$324,867	$297,257	+0.1%
Net Income	$97,149	$-9,970	-10.7%

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

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

$20,472

Total Directors

$20,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY BAER	BUSINESS REP	40.00	Officer Director	$15,600	$0	$15,600
RANDY RICE	SECRETARY	40.00	Officer Director	$4,872	$0	$4,872
MARK HEDRICK	SARGEANT AT	40.00	Officer Director	$0	$0	$0
KIRK REDINGER	PRESIDENT	40.00	Officer Director	$0	$0	$0
LEROY ROBERTSON	VICE PRESIDE	40.00	Officer 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	No data	No data	No data	No data
2023	$422,016	$324,867	$528,317	$97,149

ROOFERS LOCAL UNION 34