INDUSTRIAL & ALLIED WORKERS LOCAL UNION NO 101

EIN: 540853998

RICHMOND, VA

Total Revenue
$41,802
Total Expenses
$57,053
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
VA
Principal Officer
ROBERT FRASHURE
Phone
8043299530
Tax Period
2024-01-01 to 2024-02-29

INDUSTRIAL & ALLIED WORKERS LOCAL UNION NO 101, founded in 1969, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC BENEFITS THROUGH ORGANIZING, NEGOTIATIONS, AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

THE ORGANIZATION ORGANIZED AND REPRESENTED WORKERS IN LABOR MATTERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $41,802
Investment Income $0
Other Revenue $0
TOTAL REVENUE $41,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,951
Fundraising Expenses $0
Other Expenses $24,102
TOTAL EXPENSES $57,053

Year-over-Year Comparison

2023 2022 Change
Revenue $41,802 $272,700 -0.8%
Expenses $57,053 $305,697 -0.8%
Net Income $-15,251 $-32,997 -0.5%
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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Governance

Voting Members
7
Independent Members
7
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
7
$29,615
Total Directors
7
$29,615
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FRASHURE PRESIDENT 40.00
Officer Director
$18,769 $4,025 $22,794
CALVIN PROSISE VICE PRESIDE 2.00
Officer Director
$925 $0 $925
JOHN YATES SECRETARY-TR 5.00
Officer Director
$2,659 $0 $2,659
TOMMY ORR RECORDING SE 2.00
Officer Director
$901 $0 $901
FRANK WADE TRUSTEE 2.00
Officer Director
$764 $0 $764
VANESSA WILSON TRUSTEE 2.00
Officer Director
$810 $0 $810
JOE WESTFALL TRUSTEE 2.00
Officer Director
$762 $0 $762
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 $41,802 $57,053 No data $-15,251
2023 $272,700 $305,697 $287,255 $-32,997
2022 $269,523 $292,908 $320,449 $-23,385
2021 $253,234 $308,330 $343,960 $-55,096
2020 $256,917 $310,194 $393,888 $-53,277
2019 $300,871 $351,302 $454,797 $-50,431
2018 $320,359 $296,939 $497,512 $23,420
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