LOCAL UNION #90 BUILDING CORPORATION (EIN 611433979) - 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

2003

Legal Domicile

Principal Officer

SEAN DALY

Phone

2036246638

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION #90 BUILDING CORPORATION, founded in 2003, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO HOLD FOR THE BENEFIT OF IBEW LOCAL UNION #90, LEGAL TITLE TO REAL ESTATE WHICH HOUSES THE LOCAL UNION'S ADMIN OFFICES & TRAINING FACILITY.

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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 $0

Program Service Revenue $115,200

Investment Income $386

Other Revenue $0

TOTAL REVENUE $115,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $199,840

TOTAL EXPENSES $199,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,586	$147,527	-0.2%
Expenses	$199,840	$256,518	-0.2%
Net Income	$-84,254	$-108,991	-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

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

Total Directors

$707,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BROOKS	EXEC. BOARD / BUSINESS AGE	1.00	Director	$0	$69,411	$181,385
SEAN DALY	BUS MGR- FINANCIAL SECRETA	2.00	Director	$0	$71,439	$204,600
PAUL COSTELLO	VICE PRESIDENT / DIRECTOR	1.00	Director	$0	$0	$120,897
KENNETH MARSHALL	EXEC. BOARD	1.00	Director	$0	$0	$0
JOHN LACOMB JR	TREASURER	1.00	Director	$0	$0	$5,100
JOHN BELLEMARE	PRESIDENT/BUSINESS AGENT	1.00	Director	$0	$70,628	$189,645
JOHN BACCHIOCCHI	EXEC. BOARD	1.00	Director	$0	$0	$0
CHRIS WINNENGER	REC. SECRETARY	1.00	Director	$0	$0	$5,100
BRENDAN TOTH	EXEC. BOARD	1.00	Director	$0	$0	$416
JAY RUTH HOURIGAN	EXEC. BOARD	1.00	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	$115,586	$199,840	$827,279	$-84,254
2022	$147,527	$256,518	$836,533	$-108,991
2021	$253,530	$257,121	$945,524	$-3,591
2020	$110,542	$189,583	$1,252,381	$-79,041
2019	$127,002	$140,037	$1,331,422	$-13,035
2018	$242,657	$166,478	$1,344,457	$76,179

LOCAL UNION #90 BUILDING CORPORATION