Construction & General Laborers Local Union 1353 (EIN 550194505) - 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

1938

Legal Domicile

Principal Officer

Chad E Stone

Phone

3043439641

Tax Period

2024-01-01 to 2024-12-31

Construction & General Laborers Local Union 1353, founded in 1938, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 55% operating margin.

Mission

Fulfill the objectives of the International Union as specified in the International Constitution. To enhance, conserve and protect the welfare & interests of the International Union, Affiliates, & Members.

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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 $2,163,871

Investment Income $451,647

Other Revenue $1,693

TOTAL REVENUE $2,617,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $617,043

Fundraising Expenses $0

Program Expenses $929,024

Other Expenses $537,612

TOTAL EXPENSES $1,186,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,617,211	$2,088,993	+0.3%
Expenses	$1,186,741	$1,080,966	+0.1%
Net Income	$1,430,470	$1,008,027	+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

N/A

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

$449,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad E Stone	President	3.00	Officer	$100,100	$71,966	$172,066
Gerald L Stewart	Vice President	4.00	Officer	$3,300	$0	$3,300
Daniel C Brogan	Business Manager	40.00	Officer	$107,900	$73,871	$181,771
Matthew McComas	Secretary-Treasurer	40.00	Officer	$3,900	$1,131	$5,031
Keith Beaty	Srgt at Arms	1.00	Officer	$3,300	$0	$3,300
Richard Roop Jr	Recording Secretary	1.00	Officer	$46,475	$28,154	$74,629
John Hudson Jr	Executive Board	1.00	Officer	$3,300	$0	$3,300
Timothy P Landers	Executive Board	2.00	Officer	$3,300	$0	$3,300
Patrick Adkins	Auditor	1.00	Officer	$1,000	$0	$1,000
Zachary Brake	Auditor	1.00	Officer	$1,000	$0	$1,000
Kenneth Beaty	Auditor	1.00	Officer	$1,000	$0	$1,000

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	$2,617,211	$1,186,741	$10,424,000	$1,430,470
2023	$2,088,993	$1,080,966	$8,964,791	$1,008,027
2022	$1,491,141	$1,033,540	$7,887,042	$457,601
2021	$1,546,442	$1,007,822	$7,502,054	$538,620
2020	$1,640,190	$1,064,910	$6,964,213	$575,280
2019	$2,597,286	$997,658	$6,388,385	$1,599,628
2018	$2,506,002	$958,607	$4,787,888	$1,547,395

Construction & General Laborers Local Union 1353