LOCAL 639 PUBLIC SECTOR LEGAL SERVICES TRUST FUND (EIN 546303604) - 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

1990

Legal Domicile

Principal Officer

LOUIS MCLAUGHLIN

Phone

2026368181

Tax Period

2021-10-01 to 2022-09-30

LOCAL 639 PUBLIC SECTOR LEGAL SERVICES TRUST FUND, founded in 1990, is a micro nonprofit that reported $828 in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 9343% operating deficit.

Mission

THE PLAN PROVIDES LEGAL, TAX PREPARATION, AND OTHER BENEFITS THAT MAY BE ADDED BY THE BOARD OF TRUSTEES TO ELIGIBLE EMPLOYEES COVERED BY THE COLLECTIVE BARGAINING AGREEMENT 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $828

Other Revenue $0

TOTAL REVENUE $828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $72,754

TOTAL EXPENSES $78,185

Year-over-Year Comparison

	2021	2020	Change
Revenue	$828	$3,229	-0.7%
Expenses	$78,185	$59,465	+0.3%
Net Income	$-77,357	$-56,236	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS W MCLAUGHLIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN E WOODALL	SECRETARY	1.00	Officer Director	$0	$0	$0
LEON KENNETH HAMILTON	TRUSTEE	1.00	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
2022	$828	$78,185	$73,086	$-77,357
2021	$3,229	$59,465	$120,739	$-56,236
2020	$4,648	$64,495	$170,774	$-59,847
2019	$32,863	$107,110	$235,549	$-74,247
2018	$55,133	$94,255	$295,470	$-39,122

LOCAL 639 PUBLIC SECTOR LEGAL SERVICES TRUST FUND