CARPENTERS LOCAL UNION 223 BCJ (EIN 621232416) - 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

1985

Legal Domicile

Principal Officer

RICHARD BRANDON

Phone

6158838590

Tax Period

2023-07-01 to 2024-06-30

CARPENTERS LOCAL UNION 223 BCJ, founded in 1985, is a small nonprofit that reported $288K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 44 months of operating reserves.

Mission

Labor Representation

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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 $251,448

Program Service Revenue $8,829

Investment Income $27,304

Other Revenue $0

TOTAL REVENUE $287,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,420

Fundraising Expenses $0

Other Expenses $188,659

TOTAL EXPENSES $293,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,581	$364,793	-0.2%
Expenses	$293,479	$315,376	-0.1%
Net Income	$-5,898	$49,417	-1.1%

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

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
LUKE MANESS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MATTHEW B BONER	FIN SECRETARY	40.00	Officer	$0	$0	$0
RON KENSLOW	CONDUCTOR	2.00	Officer	$0	$0	$0
MICHAEL CLARKE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL EAGLE	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE CHANCE	OFFICE MANAGER	40.00	Highest	$0	$0	$0
RYAN SHAW	TREASURER	2.00	Officer	$0	$0	$0
RICHARD BRANDON	PRESIDENT	2.00	Officer	$0	$0	$0
LARRY DAVIS	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
DAVID CRUTCHER	TRUSTEE	2.00	Director	$0	$0	$0
JASON P STEWART	WARDEN	2.00	Officer	$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	$287,581	$293,479	$1,096,236	$-5,898
2023	$364,793	$315,376	$1,070,736	$49,417
2022	$238,683	$257,409	$1,020,125	$-18,726
2021	$244,660	$251,138	$1,039,853	$-6,478
2020	$249,778	$230,019	$1,030,133	$19,759
2019	$1,069,391	$238,971	$1,016,614	$830,420

CARPENTERS LOCAL UNION 223 BCJ