MILLWRIGHTS LOCAL UNION NO 443

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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

2016

Legal Domicile

Principal Officer

SEAN FOLEY

Phone

3044221593

Tax Period

2024-07-01 to 2025-06-30

MILLWRIGHTS LOCAL UNION NO 443, founded in 2016, is a small nonprofit that reported $603K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $786K exceeded revenue, resulting in a 30% operating deficit.

Mission

IMPROVEMENT OF CONDITIONS, PRODUCTIVITY, AND EFFICIENCY IN THE MILLWRIGHT TRADE.

Program Service Accomplishments

Program 1

MAINTAINING AND IMPROVING THE BENEFITS AND WORKING CONDITIONS OF MEMBERS WORKING IN THE MILLWRIGHT INDUSTRY TRADE.

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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 $566,329

Program Service Revenue $10,650

Investment Income $23,333

Other Revenue $2,350

TOTAL REVENUE $602,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,262

Fundraising Expenses $0

Other Expenses $763,707

TOTAL EXPENSES $785,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,662	$547,744	+0.1%
Expenses	$785,969	$650,697	+0.2%
Net Income	$-183,307	$-102,953	+0.8%

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

$1,099,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT R HOLLYFIELD	PRESIDENT	2.00	Officer	$2,475	$1,004	$3,479
JESSE R STACY II	TREASURER	2.00	Officer	$3,480	$105,153	$261,029
SEAN P FOLEY	FINANCIAL SECRETARY	2.00	Officer	$5,280	$109,010	$290,112
JERAMEY R WIELOCH	VICE PRESIDENT	2.00	Officer	$1,570	$726	$2,296
RAYMOND P MCGONIGLE	RECORDING SECRETARY	2.00	Officer	$3,480	$82,414	$205,335
JEREMY C GARRET	TRUSTEE	2.00	Officer	$900	$54,749	$134,995
DAVID A BRACHT	TRUSTEE	2.00	Officer	$900	$0	$900
KERRY G MURPHY	TRUSTEE	2.00	Officer	$900	$80,888	$199,017
JOSEPH C MCFEE	CONDUCTOR	2.00	Officer	$600	$1,594	$2,194
JASON A HEFFELFINGER	WARDEN	2.00	Officer	$600	$0	$600
BOYD P HOUY	FORMER PRESIDENT	2.00	Officer	$0	$0	$0
THOMAS P O'DONNELL	FORMER RECORDING SECRETARY	2.00	Officer	$0	$0	$0
KIRTIS GRIMM	FORMER TREASURER	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
2025	$602,662	$785,969	$1,396,654	$-183,307
2024	$547,744	$650,697	$1,579,961	$-102,953
2023	$812,155	$614,013	$1,682,914	$198,142
2022	$876,380	$608,788	$1,484,772	$267,592
2021	$778,174	$471,470	$1,217,180	$306,704
2020	$726,370	$383,770	$910,476	$342,600
2019	$573,859	$327,032	$567,876	$246,827