MILLWRIGHTS LOCAL UNION 2232 OF THE UBCT (EIN 741157544) - 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

1955

Legal Domicile

Principal Officer

MONTE THOMPSON

Phone

7136490333

Tax Period

2024-07-01 to 2025-06-30

MILLWRIGHTS LOCAL UNION 2232 OF THE UBCT, founded in 1955, is a small nonprofit that reported $770K in total revenue in fiscal year 2024. Net assets of $2.0M represent 31 months of operating reserves.

Mission

LABOR ORGANIZATION REPRESENTS ITS MEMBERSHIP.

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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 $0

Program Service Revenue $750,471

Investment Income $11,350

Other Revenue $8,605

TOTAL REVENUE $770,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,955

Fundraising Expenses $0

Other Expenses $565,861

TOTAL EXPENSES $840,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,426	$762,267	+0.0%
Expenses	$840,816	$738,517	+0.1%
Net Income	$-70,390	$23,750	-4.0%

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

$3,826

Total Directors

$1,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON K DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN W MAXEY	TRUSTEE	1.00	Director	$1,679	$0	$1,679
TRAVIS D MCNAIR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN VERNON JONES	PRESIDENT	1.00	Officer	$767	$0	$767
MONTE THOMPSON	FINANCIAL SECRETARY-TREASURER	1.00	Officer	$1,679	$0	$1,679
BRIAN J BAILEY	CONDUCTOR	1.00	Officer	$767	$0	$767
NOELLE LORENE THERESE TRAN	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
DANIEL WRIGHT	WARDEN	1.00	Officer	$0	$0	$0
SHAUN THOMAS BUNGART	VICE PRESIDENT	1.00	Officer	$613	$0	$613

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	$770,426	$840,816	$2,015,503	$-70,390
2024	$762,267	$738,517	$2,094,537	$23,750
2023	$607,228	$534,339	$2,059,124	$72,889
2022	$570,186	$513,765	$1,984,718	$56,421
2021	$579,574	$511,247	$1,928,013	$68,327
2020	$707,412	$514,964	$1,859,249	$192,448
2019	$872,339	$544,337	$1,674,044	$328,002

MILLWRIGHTS LOCAL UNION 2232 OF THE UBCT