ASBESTOS WORKERS LOCAL NO 22 (EIN 740676255) - 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

1912

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ASBESTOS WORKERS LOCAL NO 22, founded in 1912, is a small nonprofit that reported $999K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

LOCAL LABOR UNION SET UP TO PROMOTE AND PROTECT THE INTEREST OF ITS MEMBERSHIP WITH REGARD TO SOCIAL AND WORKING CONDITIONS, ENCOURAGE APPRENTICESHIP AND SKILLS, UPHOLD DIGNITY OF LABOR AND HELP MEMBERS SECURE EMPLOYMENT

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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 $998,959

Investment Income $12

Other Revenue $0

TOTAL REVENUE $998,971

Expense Breakdown

Grants Paid $316,541

Salaries & Benefits $372,422

Fundraising Expenses $0

Program Expenses $1,060,096

Other Expenses $356,133

TOTAL EXPENSES $1,060,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,971	$1,187,208	-0.2%
Expenses	$1,060,096	$1,287,935	-0.2%
Net Income	$-61,125	$-100,727	-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

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

$109,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINGO BARRON	TREASURER	40.00	Officer	$60,271	$0	$60,271
LACY WOLF	FINANCIAL SECRETARY	40.00	Officer	$49,163	$0	$49,163
KEITH VARNER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JUAN SANCHEZ	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JUAN SANCHEZ	TRUSTEE	2.00	Director	$0	$0	$0
MARK CRANDELL	TRUSTEE	2.00	Director	$0	$0	$0
BOB GILL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
PAUL BARNES	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
RANDY COON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DALE SANFORD	PRESIDENT	2.00	Officer	$0	$0	$0
DONOVAN LIMAR	VICE-PRESIDENT	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
2024	No data	No data	No data	No data
2023	$998,971	$1,060,096	$717,002	$-61,125
2022	$1,187,208	$1,287,935	$738,665	$-100,727
2021	$1,126,559	$947,664	$777,451	$178,895
2020	$872,250	$959,744	$494,382	$-87,494

ASBESTOS WORKERS LOCAL NO 22