Local 861 Employer Container Royalty Trust (EIN 846696120) - 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

2019

Legal Domicile

Principal Officer

Chad Fox

Phone

2074005000

Tax Period

2023-01-01 to 2023-12-31

Local 861 Employer Container Royalty Trust, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $551K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $533K left a modest 3% surplus.

Mission

The mission of the Trust is to receive container royalty payments earned pursuant to a collective bargaining agreement and then disburse the container royalties to union employees as supplemental income benefits.

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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 $545,400

Investment Income $5,301

Other Revenue $0

TOTAL REVENUE $550,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,408

Fundraising Expenses $0

Program Expenses $532,522

Other Expenses $106,114

TOTAL EXPENSES $532,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,701	$493,099	+0.1%
Expenses	$532,522	$534,525	0.0%
Net Income	$18,179	$-41,426	-1.4%

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
Robert Connolly Jr	Trustee	0.50	Director	$0	$0	$0
Daniel Martorano	Trustee	0.50	Director	$0	$0	$0
Gylfi Sigfusson	Trsutee	0.50	Director	$0	$0	$0
Andrew Haines	Trustee	0.50	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	$550,701	$532,522	$227,847	$18,179
2022	$493,099	$534,525	$209,668	$-41,426
2021	$479,000	$406,189	$251,094	$72,811
2020	$346,625	$305,467	$178,283	$41,158
2019	$459,354	$322,229	$137,125	$137,125

Local 861 Employer Container Royalty Trust