United Brotherhood of Carpenters & Joiners Local 1098 (EIN 720278074) - 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

1954

Legal Domicile

Principal Officer

Beau Serpas

Phone

2253562468

Tax Period

2023-07-01 to 2024-06-30

United Brotherhood of Carpenters & Joiners Local 1098, founded in 1954, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $197K exceeded revenue, resulting in a 18% operating deficit.

Mission

Labor organization represents its members.

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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 $89,351

Program Service Revenue $55,156

Investment Income $21,283

Other Revenue $2,070

TOTAL REVENUE $167,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,508

Fundraising Expenses $0

Program Expenses $197,441

Other Expenses $103,627

TOTAL EXPENSES $197,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,860	$191,796	-0.1%
Expenses	$197,441	$212,468	-0.1%
Net Income	$-29,581	$-20,672	+0.4%

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

N/A

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

$90,365

Total Directors

$118,609

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary H Warren	Trustee	001.00	Director	$0	$0	$117,198
Beau A Serpas	Financial Secretary/Treasurer	001.00	Officer	$0	$0	$85,155
Gary W Perkins	Vice-President	001.00	Officer	$600	$0	$2,297
Craig Braud	Recording Secretary	001.00	Officer	$700	$0	$1,993
Robert L Gilmore	Trustee	001.00	Director	$360	$0	$1,011
David M Falencki	Conductor	001.00	Officer	$440	$0	$440
Ray D Hoover	Trustee	001.00	Director	$400	$0	$400
Chad J Williams	President	001.00	Officer	$280	$0	$280
Carrie N Ott	Warden	001.00	Officer	$200	$0	$200

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	$167,860	$197,441	$441,722	$-29,581
2023	$191,796	$212,468	$468,832	$-20,672
2022	$244,446	$262,091	$486,891	$-17,645
2021	$161,419	$205,342	$517,580	$-43,923
2020	$170,653	$207,880	$564,087	$-37,227
2019	$224,088	$230,219	$602,675	$-6,131

United Brotherhood of Carpenters & Joiners Local 1098