LOCAL 354 BUILDING ASSOCIATION (EIN 742443113) - 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

Phone

8019729354

Tax Period

2023-01-01 to 2023-12-31

LOCAL 354 BUILDING ASSOCIATION is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 379% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 81% operating margin.

Mission

TO HOLD TITLE TO PROPERTY, COLLECT INCOME FROM THAT PROPERTY, AND REMIT ALL INCOME TO AN ORGANIZATION EXEMPT UNDER SECTION 501 (c)(5).

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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 $0

Investment Income $0

Other Revenue $1,264,591

TOTAL REVENUE $1,264,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $235,189

TOTAL EXPENSES $235,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,264,591	$263,944	+3.8%
Expenses	$235,189	$232,924	+0.0%
Net Income	$1,029,402	$31,020	+32.2%

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

N/A

Employees

N/A

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

$304,582

Total Directors

$446,335

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE WOODMAN	BUS MGR/FIN SEC	Officer Director	$0	$0	$142,350
CODEY LINDSAY	PRES/EXEC BRD	Officer Director	$0	$0	$125,165
TODD BAUGH	EXECUTIVE BOARD	Director	$0	$0	$79,446
SHAWN STEWART	EXEC BRD/JOB ST	Director	$0	$0	$25,159
DEREK CALDWELL	TREAS/EXEC BRD	Officer Director	$0	$0	$17,339
BRYCE HARDING	EXEC BRD/JOB ST	Director	$0	$0	$16,881
WILLIAM MYERS	VP/JOB ST/EXAM	Officer Director	$0	$0	$15,272
MICHAEL ROBERTS	EXEC BRD/COMM	Director	$0	$0	$9,217
GARY SATTERFIELD	EXEC BRD/JOB ST	Director	$0	$0	$7,085
BRIAN VERMOUTH	REC SEC/EXEC BD	Officer Director	$0	$0	$4,456
BOYCE CHRISTENSEN	EXECUTIVE BOARD	Director	$0	$0	$3,965

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	No data	No data	No data	No data
2023	$1,264,591	$235,189	$2,387,388	$1,029,402
2022	$263,944	$232,924	$1,357,986	$31,020
2021	$265,196	$177,849	$1,326,966	$87,347
2020	$136,038	$189,468	$1,239,619	$-53,430
2019	$141,996	$215,861	$1,293,049	$-73,865
2018	$214,212	$248,219	$1,366,914	$-34,007

LOCAL 354 BUILDING ASSOCIATION