Bakery Confectionery Tobacco Worke… - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

Cheryl S Carpenter

Phone

8043282567

Tax Period

2024-01-01 to 2024-12-31

Bakery Confectionery Tobacco Workers International, founded in 1937, is a small nonprofit that reported $399K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

Local 358 represents its members at state and national conventions with contract negotiations, legal representations or grievances, assists with paperwork necessary for insurance and retirement plans.

Program Service Accomplishments

Program 1

Expenses: $423,481 Revenue: $398,854

None

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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 $394,800

Program Service Revenue $0

Investment Income $38

Other Revenue $4,016

TOTAL REVENUE $398,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,833

Fundraising Expenses $0

Program Expenses $423,481

Other Expenses $195,648

TOTAL EXPENSES $423,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,854	$422,313	-0.1%
Expenses	$423,481	$391,831	+0.1%
Net Income	$-24,627	$30,482	-1.8%

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

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

$197,608

Total Directors

$34,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Bragg	President	40.00	Officer Director	$30,523	$3,704	$34,227
Nathan Hundley	Vice President	20.00	Officer Director	$0	$0	$0
Christeen Brown	Recording Secretary	5.00	Officer Director	$245	$0	$245
Nathan H Williams	Sergeant at Arms	5.00	Officer Director	$0	$0	$0
Angela Jones	Trustee	5.00	Director	$0	$0	$0
Travis Knotts	Trustee	5.00	Director	$0	$0	$0
Sandra Jones	Trustee	5.00	Director	$0	$0	$0
Cheryl Carpenter	Financial Secretary	40.00	Officer	$107,386	$3,704	$111,090
Donna Chitty	Secretary	5.00	Officer	$14,946	$0	$14,946
Nancy DePaola	Secretary	5.00	Officer	$37,100	$0	$37,100

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	$398,854	$423,481	$125,248	$-24,627
2023	$422,313	$391,831	$146,980	$30,482
2022	$392,914	$347,136	$115,837	$45,778
2021	$516,414	$533,967	$84,806	$-17,553
2020	$363,544	$312,081	$102,874	$51,463

Bakery Confectionery Tobacco Workers International