LOCAL 369 CHARITABLE INC (EIN 844132592) - 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

2020

Legal Domicile

Principal Officer

DANIEL P LEARY

Phone

7818483740

Tax Period

2024-01-01 to 2024-12-31

LOCAL 369 CHARITABLE INC, founded in 2020, is a micro nonprofit in the Education sector that reported $92K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 21% operating margin.

Mission

TO PROVIDE POST-SECONDARY SCHOLARSHIP AWARDS TO UNION MEMBER'S CHILDREN OF UTILITY WORKERS OF AMERICA, AFL-CIO, LOCAL UNION 369 (EIN: 04-2086355)

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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 $39,105

Program Service Revenue $52,810

Investment Income $0

Other Revenue $0

TOTAL REVENUE $91,915

Expense Breakdown

Grants Paid $11,478

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,656

Other Expenses $61,178

TOTAL EXPENSES $72,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,915	$51,825	+0.8%
Expenses	$72,656	$45,645	+0.6%
Net Income	$19,259	$6,180	+2.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG CONNOLLY	TREASURER	N/A	Director	$0	$0	$0
DANIEL P LEARY	PRESIDENT	N/A	Officer	$0	$0	$0
DARLENE ARCESE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DUGGAN	DIRECTOR	N/A	Director	$0	$0	$0
KELLY MULLEN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
TYRONE EDWARD	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE LIMA	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM BURKE	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MILLER	DIRECTOR	N/A	Director	$0	$0	$0
JARED SMITH	DIRECTOR	N/A	Director	$0	$0	$0
SHAUNE PERRY	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD LONG	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN S SULLIVAN	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SENIER	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MILLIONIS	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER MUNROE	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT HUNTER	DIRECTOR	N/A	Director	$0	$0	$0
CHARLIE SECORD	DIRECTOR	N/A	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	$91,915	$72,656	$167,184	$19,259
2023	$51,825	$45,645	$147,925	$6,180
2022	$40,385	$36,787	$141,762	$3,598
2021	$36,025	$29,465	$138,164	$6,560
2020	$32,112	$32,562	$132,879	$-450

LOCAL 369 CHARITABLE INC