IATSE LOCAL 578

EIN: 556024174

Morgantown, WV

Total Revenue
$131,314
Total Expenses
$110,061
Total Assets
$347,955
Net Assets
$347,955
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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
1914
Legal Domicile
WV
Tax Period
2020-01-01 to 2020-12-31

IATSE LOCAL 578, founded in 1914, is a small nonprofit that reported $131K in total revenue in fiscal year 2020. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 16% operating margin.

Mission

PROVIDE SKILLED LABOR

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,624
Program Service Revenue $128,479
Investment Income $211
Other Revenue $0
TOTAL REVENUE $131,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,452
Fundraising Expenses $0
Program Expenses $110,061
Other Expenses $28,609
TOTAL EXPENSES $110,061

Year-over-Year Comparison

2020 2019 Change
Revenue $131,314 $247,071 -0.5%
Expenses $110,061 $202,969 -0.5%
Net Income $21,253 $44,102 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
54
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
4
$21,116
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAQUEL NETHKEN SECRETARYTREASURER 0.00
Officer
$11,518 $0 $11,518
PAUL MCSWEGIN VICE PRESIDENT 0.00
Officer
$5,089 $0 $5,089
STEPHANIE SETLEY BUSINESS REPRESENTATIVE 0.00
Officer
$2,820 $0 $2,820
PETER MCCUMBER PRESIDENT 0.00
Officer
$1,689 $0 $1,689
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
2020 $131,314 $110,061 $347,955 $21,253
2019 $247,071 $202,969 $326,702 $44,102
2018 $174,052 $138,585 $282,600 $35,467
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