UNITE HERE LOCAL 355 (EIN 591484859) - 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

Principal Officer

WENDI WALSH

Phone

3056140377

Tax Period

2023-01-01 to 2023-12-31

UNITE HERE LOCAL 355 is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO ORGANIZE ALL PERSONS WITHIN ITS JURISDICTION, TO ESTABLISH AND MAINTAIN EQUITABLE WAGE SCALES AND WORKING CONDISTIONS, TO ELEVATE MORAL, SOCIAL AND INTELLECTUAL STANDING OF ITS MEMBERS, TO GUARD THEIR FINANCIAL INTERESTS, TO PROMOTE THEIR GENERAL WELFARE AND THE LOCAL'S CARDINAL PRINCIPLES OF TRUTH, JUSTICE AND MORALITY, TO SECURE EMPLOYMENT FOR ITS MEMBERS AND TO UPHOLD THE DIGNITY OF LABOR, AND TO ASSIST EMPLOYEES IN THE HOTEL, MOTEL, RETAURANT AND RELATED INDUSTRIES IN ALL LEGITIMATE WAYS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,181

Program Service Revenue $2,175,086

Investment Income $2,254

Other Revenue $90,422

TOTAL REVENUE $2,276,943

Expense Breakdown

Grants Paid $12,483

Salaries & Benefits $474,515

Fundraising Expenses $0

Program Expenses $2,545,681

Other Expenses $2,061,563

TOTAL EXPENSES $2,548,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,276,943	$1,773,277	+0.3%
Expenses	$2,548,561	$1,855,215	+0.4%
Net Income	$-271,618	$-81,938	+2.3%

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

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

$53,552

Total Directors

$2,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE G METELUS-DENIS	PRESIDENT	4.00	Officer	$0	$17,022	$17,022
DAISY MERA	RECORDING SE	4.00	Officer	$0	$16,659	$16,659
WENDI WALSH	SECRETARY/TR	4.00	Officer	$0	$10,583	$10,583
KANDIZ LAMB	VICE-PRESIDE	4.00	Officer	$0	$9,288	$9,288
EDUARDO FLORES	EXECUTIVE BO	4.00	Director	$2,880	$0	$2,880
JEAN BALON	EXECUTIVE BO	4.00	Director	$0	$0	$0
HARRY EAST	EXECUTIVE BO	4.00	Director	$0	$0	$0
YOLETTE LAREUS	TRUSTEE	4.00	Director	$0	$0	$0
ECKSTEIN LISA	EXECUTIVE BO	4.00	Director	$0	$0	$0
JOSEPH LOUIS	EXECUTIVE BO	4.00	Director	$0	$0	$0
GAIL NORMAN	EXECUTIVE BO	4.00	Director	$0	$0	$0
VALERIA RAMIREZ	TRUSTEE	4.00	Director	$0	$0	$0
SANDRA REBOE	TRUSTEE	4.00	Director	$0	$0	$0
SONIA M TOLEDO	EXECUTIVE BO	4.00	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
2024	No data	No data	No data	No data
2023	$2,276,943	$2,548,561	$1,067,182	$-271,618
2022	$1,773,277	$1,855,215	$1,339,077	$-81,938
2021	$1,774,867	$1,718,693	$1,421,085	$56,174
2020	$2,734,800	$1,994,059	$1,568,563	$740,741
2019	$2,376,295	$2,284,056	$623,897	$92,239
2018	$2,669,702	$2,894,208	$622,159	$-224,506

UNITE HERE LOCAL 355