UNITED BROTHERHOOD OF CARPENTERS LOCAL UNION 551 (EIN 760214294) - 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

1909

Legal Domicile

Principal Officer

AMY THOMAS

Phone

7136597851

Tax Period

2024-07-01 to 2025-06-30

UNITED BROTHERHOOD OF CARPENTERS LOCAL UNION 551, founded in 1909, is a small nonprofit that reported $318K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $475K exceeded revenue, resulting in a 50% operating deficit.

Mission

PROVIDE REPRESENTATION FOR MEMBERS OF THE ORGANIZATION.

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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 $283,656

Investment Income $33,540

Other Revenue $329

TOTAL REVENUE $317,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,164

Fundraising Expenses $0

Other Expenses $314,620

TOTAL EXPENSES $474,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,525	$441,064	-0.3%
Expenses	$474,784	$508,110	-0.1%
Net Income	$-157,259	$-67,046	+1.3%

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

Total Directors

$2,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA LIVESAY	TRUSTEE	1.00	Director	$963	$0	$963
CLAYTON VANKIRK	TRUSTEE	1.00	Director	$1,515	$0	$1,515
ERNESTO GOMEZ	TRUSTEE	1.00	Director	$0	$0	$0
AMY THOMAS	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
TARIK MARTIN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CESAR NAVA	WARDEN	1.00	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	$317,525	$474,784	$816,435	$-157,259
2024	$441,064	$508,110	$1,058,934	$-67,046
2023	$411,508	$428,203	$1,178,678	$-16,695
2022	$364,678	$424,701	$1,059,531	$-60,023
2021	$319,770	$353,664	$1,114,791	$-33,894
2020	$287,613	$357,532	$1,151,982	$-69,919
2019	$368,321	$363,798	$1,218,150	$4,523

UNITED BROTHERHOOD OF CARPENTERS LOCAL UNION 551