SEIU LOCAL 49 BUILDING TRUST

EIN: 843380803 Mutual Benefit

PORTLAND, OR

Total Revenue
$13,305
Total Expenses
$52,320
Total Assets
$1,130,448
Net Assets
$1,113,938
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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
2019
Legal Domicile
OR
Principal Officer
MEG NIEMI
Phone
5032364949
Tax Period
2024-01-01 to 2024-12-31

SEIU LOCAL 49 BUILDING TRUST, founded in 2019, is a micro nonprofit in the Mutual Benefit sector that reported $13K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $52K exceeded revenue, resulting in a 293% operating deficit.

Mission

THE TRUST IS ORGANIZED FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, MAKING IMPROVEMENTS THEREON AND MANAGING AND UTILIZING THE PROPERTY FOR THE BENEFIT OF SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 49.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,304
Investment Income $1
Other Revenue $0
TOTAL REVENUE $13,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $52,320
TOTAL EXPENSES $52,320

Year-over-Year Comparison

2024 2023 Change
Revenue $13,305 $6,524 +1.0%
Expenses $52,320 $50,130 +0.0%
Net Income $-39,015 $-43,606 -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

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Governance

Voting Members
25
Independent Members
20
Employees
N/A
Volunteers
25

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
5
$301,292
Total Directors
29
$371,360
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEG NIEMI PRESIDENT 0.25
Officer Director
$0 $66,776 $211,284
LORIE QUINN VP HEALTHCAR 0.25
Officer Director
$0 $8,290 $81,106
JUANITA KAMHOOT DIRECTOR 0.25
Director
$0 $0 $11,527
CYNTHIA LACHESTER DIRECTOR 0.25
Director
$0 $0 $6,763
ADELA MAZA DIRECTOR 0.25
Director
$0 $0 $5,275
SANTA GONZALEZ DIRECTOR 0.25
Director
$0 $0 $5,249
BRENDA GRANT DIRECTOR 0.25
Director
$0 $0 $4,945
MICHELLE WOLFE DIRECTOR 0.25
Director
$0 $0 $4,257
RACHEL DENNIS DIRECTOR 0.25
Director
$0 $0 $3,955
WALLY WALLS SERGEANT AT 0.25
Officer Director
$0 $0 $3,723
ALICIA HOLIHAN DIRECTOR 0.25
Director
$0 $0 $3,573
RENATO QUINTERO VP PROPERTY 0.25
Officer Director
$0 $0 $3,140
CHANDRA FERRELL DIRECTOR 0.25
Director
$0 $0 $3,119
SUNITA PATEL DIRECTOR 0.25
Director
$0 $0 $3,043
GENARA SALAS DIRECTOR 0.25
Director
$0 $0 $2,792
AARON GREEN DIRECTOR 0.25
Director
$0 $0 $2,305
KEVEN DARDON DIRECTOR 0.25
Director
$0 $0 $2,244
DAWN MARTIN SECRETARY-TR 0.25
Officer Director
$0 $0 $2,039
STEPHANIE HAMPTON DIRECTOR 0.25
Director
$0 $0 $1,715
LINDA SPORER DIRECTOR 0.25
Director
$0 $0 $1,675
HEATHER WIGHTMAN DIRECTOR 0.25
Director
$0 $0 $1,618
GLADYS HERNANDEZ DIRECTOR 0.25
Director
$0 $0 $1,351
RAY KREBS DIRECTOR 0.25
Director
$0 $0 $1,176
JAY BROWN DIRECTOR 0.25
Director
$0 $0 $1,166
MARK NIEMEYER DIRECTOR 0.25
Director
$0 $0 $1,162
REBECCA WAGNON DIRECTOR 0.25
Director
$0 $0 $976
MISTI BETTES DIRECTOR 0.25
Director
$0 $0 $182
NATHANIEL ORR DIRECTOR 0.25
Director
$0 $0 $0
STEVEN A WONG DIRECTOR 0.25
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 $13,305 $52,320 $1,130,448 $-39,015
2023 $6,524 $50,130 $1,169,152 $-43,606
2022 $12,766 $55,834 $1,230,316 $-43,068
2021 $28,253 $38,821 $1,225,681 $-10,568
2020 $1,280,728 $49,482 $1,236,249 $1,231,246
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