LOCAL UNION 721 (EIN 620423355) - 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

1910

Legal Domicile

Principal Officer

DAVID WILLIAMS

Phone

4238427551

Tax Period

2024-01-01 to 2024-12-31

LOCAL UNION 721, founded in 1910, is a small nonprofit that reported $203K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $194K left a modest 5% surplus.

Mission

LABOR UNION

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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 $201,655

Program Service Revenue $0

Investment Income $1,664

Other Revenue $0

TOTAL REVENUE $203,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,049

Fundraising Expenses $0

Program Expenses $193,949

Other Expenses $156,900

TOTAL EXPENSES $193,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,319	$186,346	+0.1%
Expenses	$193,949	$174,983	+0.1%
Net Income	$9,370	$11,363	-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

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

$33,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL F PHILLIPS	OFFICER	2.00	Officer	$10,420	$0	$10,420
LARRY A HANCOCK	FINANCIAL SEC	10.00	Officer	$8,971	$0	$8,971
SUE L DONILON	TREASURER	10.00	Officer	$5,126	$0	$5,126
GABRIEL C JOHNSON	RECORDING SEC	10.00	Officer	$4,848	$0	$4,848
DAVID WILLIAMS	PRESIDENT	10.00	Officer	$4,458	$0	$4,458

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	$203,319	$193,949	$130,583	$9,370
2023	$186,346	$174,983	$119,077	$11,363
2022	$173,087	$182,702	$108,898	$-9,615
2021	$172,143	$139,079	$118,525	$33,064
2020	$161,457	$137,599	$85,462	$23,858
2019	$151,959	$152,848	$61,601	$-889
2018	$155,739	$158,776	$62,481	$-3,037

LOCAL UNION 721