LOCAL 79 REALTY CORP (EIN 822946166) - 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

2017

Legal Domicile

Principal Officer

MICHAEL J PROHASKA

Phone

2124657900

Tax Period

2024-01-01 to 2024-12-31

LOCAL 79 REALTY CORP, founded in 2017, is a small nonprofit that reported $742K in total revenue in fiscal year 2024. Expenses of $940K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE PURPOSE OF THE BUILDING CORP IS TO ACT AS NOMINEE FOR THE UNION BY HOLDING THE TITLE TO REAL ESTATE.

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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 $741,600

Investment Income $6

Other Revenue $0

TOTAL REVENUE $741,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $939,705

TOTAL EXPENSES $939,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$741,606	$720,006	+0.0%
Expenses	$939,705	$946,912	0.0%
Net Income	$-198,099	$-226,906	-0.1%

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

Total Directors

$1,451,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY J VITA	DIRECTOR/SECRETARY/TREASURER	1.00	Director	$0	$162,660	$531,878
MICHAEL J PROHASKA	DIRECTOR/PRESIDENT	1.00	Director	$0	$169,484	$537,306
JOHN S NORBURY	DIRECTOR - EFF 03/24	1.00	Director	$0	$132,648	$382,513

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	$741,606	$939,705	$18,407,272	$-198,099
2023	$720,006	$946,912	$19,225,005	$-226,906
2022	$720,008	$957,722	$19,473,887	$-237,714
2021	$720,002	$910,977	$19,926,233	$-190,975
2020	$100,549	$929,224	$20,120,214	$-828,675
2019	$478,956	$1,003,100	$19,305,287	$-524,144
2018	$468,077	$575,194	$18,279,439	$-107,117

LOCAL 79 REALTY CORP