LOCAL 1298 MARKET RECOVERY PROGRAM INC (EIN 830763864) - 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

2018

Legal Domicile

Principal Officer

FRANK DAMIANO JR

Phone

5164890888

Tax Period

2023-07-01 to 2024-06-30

LOCAL 1298 MARKET RECOVERY PROGRAM INC, founded in 2018, is a small nonprofit in the Employment sector that reported $873K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $451K, a strong 52% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO IMPROVE WORK OPPORTUNITIES FOR EMPLOYEES COVERED BY THE LOCAL 1298 COLLECTIVE BARGANING AGREEMENTS.

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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 $872,835

Investment Income $0

Other Revenue $0

TOTAL REVENUE $872,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $421,985

TOTAL EXPENSES $421,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$872,835	$738,681	+0.2%
Expenses	$421,985	$526,965	-0.2%
Net Income	$450,850	$211,716	+1.1%

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

$3,494,355

Key Employees

$513,541

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE F TRUICKO JR	DIRECTOR	0.50	Director	$0	$264,118	$707,164
GEORGE S TRUICKO III	DIRECTOR	0.50	Director	$0	$229,882	$601,066
FRANK DAMIANO JR	DIRECTOR	1.00	Director	$0	$218,824	$539,200
JAMES WINSHIP	BUSINESS REPRESENTATIVE	0.50	Director	$0	$210,821	$491,159
WILLIAM FLYNN	VP/BUSINESS REP	0.50	Director	$0	$204,831	$485,378
STEVE AURIGEMA	PRESIDENT	0.50	Director	$0	$71,830	$359,917
JAMES CORNELL	RECORDING SECRETARY	0.50	Director	$0	$71,830	$310,471
GUY TRUICKO	KEY EMPLOYEE	0.50	Key Emp	$0	$218,188	$513,541

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	$872,835	$421,985	$996,110	$450,850
2023	$738,681	$526,965	$545,260	$211,716
2022	$679,154	$883,709	$333,544	$-204,555
2021	$616,309	$650,803	$538,099	$-34,494
2020	$522,893	$334,952	$572,593	$187,941
2019	$465,237	$80,585	$384,652	$384,652

LOCAL 1298 MARKET RECOVERY PROGRAM INC