OPERATIVE PLASTERERS & CEMENT MASONS LOCAL UNION NO 577 (EIN 840164377) - 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

1916

Legal Domicile

Principal Officer

RICHARD BAILEY

Phone

3034550885

Tax Period

2023-01-01 to 2023-12-31

OPERATIVE PLASTERERS & CEMENT MASONS LOCAL UNION NO 577, founded in 1916, is a small nonprofit that reported $111K in total revenue in fiscal year 2023. Expenses of $197K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE UNION PROVIDES TRAINING AND SERVICES TO UNION MEMBERS TO ASSIST IN SECURING EMPLOYMENT AND A FAIR STANDARD OF WAGES.

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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 $100,675

Investment Income $298

Other Revenue $9,900

TOTAL REVENUE $110,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,603

Fundraising Expenses $0

Other Expenses $70,052

TOTAL EXPENSES $196,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,873	$115,485	0.0%
Expenses	$196,655	$140,029	+0.4%
Net Income	$-85,782	$-24,544	+2.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABRAM LUNA	PRESIDENT	1.00	Director	$0	$0	$0
DAVID ARGUELLES	VICE PRESIDENT	1.00	Director	$0	$0	$0
NOE AYALA	SEARGENT AT ARMS	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$110,873	$196,655	$762,742	$-85,782
2022	$115,485	$140,029	$803,673	$-24,544
2021	$110,257	$61,281	$878,975	$48,976
2020	$701,152	$77,749	$835,324	$623,403

OPERATIVE PLASTERERS & CEMENT MASONS LOCAL UNION NO 577