LOCAL UNION 728 BUILDING CORPORATION (EIN 590910619) - 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

1957

Legal Domicile

Principal Officer

ZACHARY CASSIDY

Phone

9545253106

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION 728 BUILDING CORPORATION, founded in 1957, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE ORGANIZATION OWNS REAL PROPERTY ON BEHALF OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 728, A 501 (C)(5) LABOR UNION LOCAL. THE ORGANIZAITON COLLECTS RENTS AND MANAGES REAL PROPERTY.

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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 $1,039

Investment Income $7,216

Other Revenue $1,553,330

TOTAL REVENUE $1,561,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,153,742

TOTAL EXPENSES $2,153,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,561,585	$1,290,798	+0.2%
Expenses	$2,153,742	$799,000	+1.7%
Net Income	$-592,157	$491,798	-2.2%

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

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

$504,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY CASSIDY	BUSINESS MGR	40.00	Officer	$0	$41,771	$175,793
JUSTIN MCINTOSH	PRESIDENT	40.00	Officer	$0	$46,975	$172,547
GEORGE CAMPBELL	RECORDING SE	40.00	Officer	$0	$37,323	$151,486
STEVEN SPERDUTO	TREASURER	2.00	Officer	$0	$3,600	$3,600
ROGER MOORE	VICE PRESIDE	2.00	Officer	$0	$0	$1,200
THOMAS A CHADWICK	EXECUTIVE BO	2.00	Director	$0	$0	$0
VINCENT FORTUNE	EXECUTIVE BO	2.00	Director	$0	$0	$0
RICHARD STRAUGHN	EXECUTIVE BO	2.00	Director	$0	$0	$0
GEORGE WATSON	EXECUTIVE BO	2.00	Director	$0	$0	$0
CHARLIE WEITZNER	EXECUTIVE BO	2.00	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
2025	$1,561,585	$2,153,742	$1,793,955	$-592,157
2024	$1,290,798	$799,000	$2,385,974	$491,798
2023	$225,912	No data	$1,893,987	No data
2022	$-131,459	No data	$1,671,307	No data
2021	$183,307	No data	$1,802,584	No data

LOCAL UNION 728 BUILDING CORPORATION