598 BUILDING ASSOCIATION INC (EIN 916054458) - 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

1957

Legal Domicile

Principal Officer

NICK BUMPAOUS

Phone

5095451446

Tax Period

2023-01-01 to 2023-12-31

598 BUILDING ASSOCIATION INC, founded in 1957, is a small nonprofit that reported $393K in total revenue in fiscal year 2023. Expenses of $545K exceeded revenue, resulting in a 39% operating deficit.

Mission

LOCAL LABOR UNION OFFICE & FACILITIES.

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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 $392,992

Investment Income $15

Other Revenue $0

TOTAL REVENUE $393,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $544,896

TOTAL EXPENSES $544,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,007	$385,996	+0.0%
Expenses	$544,896	$544,803	+0.0%
Net Income	$-151,889	$-158,807	0.0%

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

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
NICK BUMPAOUS	President	1.00	Officer	$0	$0	$0
JOE KERSHISNIK	Vice President	1.00	Officer	$0	$0	$0
BILL HUGHES	Treasurer	1.00	Officer	$0	$0	$0
SETH WORLEY	Secretary	1.00	Officer	$0	$0	$0
MATT WILKES	ASSISTANT TRES	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$393,007	$544,896	$8,424,888	$-151,889
2022	$385,996	$544,803	$8,708,667	$-158,807
2021	$385,544	$533,223	$8,995,509	$-147,679
2020	$409,392	$554,088	$9,259,074	$-144,696

598 BUILDING ASSOCIATION INC