CARPENTERS LOCAL UNION NO 50 (EIN 620392073) - 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

1888

Legal Domicile

Principal Officer

CALEB JUSTICE

Phone

8654820060

Tax Period

2023-07-01 to 2024-06-30

CARPENTERS LOCAL UNION NO 50, founded in 1888, is a small nonprofit that reported $319K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $78K, a strong 24% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO ORGANIZE WORKERS TO DEVELOP, IMPROVE, AND ENFORCE ITS SAFETY AND HEALTH AND TO SECURE EMPLOYMENT, TO REDUCE THE NUMBER OF HOURS OF DAILY LABOR AND SECURE ADEQUATE PAY.

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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 $236,145

Investment Income $2,775

Other Revenue $80,375

TOTAL REVENUE $319,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,857

Fundraising Expenses $0

Program Expenses $123,079

Other Expenses $145,232

TOTAL EXPENSES $241,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,295	$364,748	-0.1%
Expenses	$241,089	$312,277	-0.2%
Net Income	$78,206	$52,471	+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

Governance

Voting Members

653

Independent Members

476

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALEB JUSTICE	PRESIDENT	N/A	Officer Director	$0	$0	$0
GEORGE POOR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
FLOYD SHARP	RECORDING SE	N/A	Officer Director	$0	$0	$0
WILLIAM MCCALL	FINANCIAL SE	N/A	Officer Director	$0	$0	$0
GERARD SCHROEDER	TREASURER	N/A	Officer Director	$0	$0	$0
FRANKLIN MURRAY	CONDUCTOR	N/A	Officer Director	$0	$0	$0
RICK BIBEE	WARDEN	N/A	Officer Director	$0	$0	$0
JOHN CISNEROS	TRUSTEE	N/A	Director	$0	$0	$0
MATTHEW GALLOWAY	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL GEASLAND	TRUSTEE	N/A	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	No data	No data	No data	No data
2024	$319,295	$241,089	$928,507	$78,206
2023	$364,748	$312,277	$849,300	$52,471
2022	$334,157	$259,964	$768,585	$74,193
2021	$316,446	$183,003	$705,843	$133,443
2020	$311,216	$225,260	$584,750	$85,956
2019	$241,957	$214,524	$500,019	$27,433

CARPENTERS LOCAL UNION NO 50