UNITED UNION OF ROOFERS LOCAL 242

EIN: 550565689

Mineral Wells, WV

Total Revenue
$272,645
Total Expenses
$202,739
Total Assets
$453,742
Net Assets
$452,977
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
WV
Principal Officer
TIMOTHY MAXCY
Phone
3044801760
Tax Period
2024-01-01 to 2024-12-31

UNITED UNION OF ROOFERS LOCAL 242, founded in 1944, is a small nonprofit that reported $273K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $70K, a strong 26% operating margin.

Mission

OPERATING APPRENTICESHIP TRAINING PROGRAM, REGISTERED WITH US DEPT OF LABOR, BEING A MAJOR CONTRIBUTER TO A WORLD-CLASS WORKFORCE FOR WEST VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $270,975
Investment Income $1,670
Other Revenue $0
TOTAL REVENUE $272,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,440
Fundraising Expenses $0
Program Expenses $202,739
Other Expenses $97,664
TOTAL EXPENSES $202,739

Year-over-Year Comparison

2024 2023 Change
Revenue $272,645 $297,363 -0.1%
Expenses $202,739 $204,973 0.0%
Net Income $69,906 $92,390 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
5
$67,080
Total Directors
6
$67,080
Key Employees
1
$67,080
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY R MAXCY BUSINESS AGENT 040.00
Officer Director Key Emp Highest
$67,080 $0 $67,080
HAYDEN CONLEY CLERICAL 040.00
Director
$0 $0 $0
DEREK SLACK PRESIDENT 001.00
Officer Director
$0 $0 $0
ADAM CAIN V. PRESIDENT 001.00
Officer Director
$0 $0 $0
DAVID LIPSCOMB REC. SECRETARY 001.00
Officer Director
$0 $0 $0
DARRIN MCDONALD WARDEN 001.00
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 $272,645 $202,739 $453,742 $69,906
2023 $297,363 $204,973 $383,215 $92,390
2022 $263,856 $199,869 $290,825 $63,987
2020 $196,905 $200,373 $225,868 $-3,468
2019 $244,880 $198,054 $231,176 $46,826
2018 $234,745 $187,183 $186,590 $47,562
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