UA LOCAL NO 375MECHANICAL CONTRACT… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

CLAYTON BESSETTE

Phone

9074796221

Tax Period

2024-07-01 to 2025-06-30

UA LOCAL NO 375MECHANICAL CONTRACTORS OF FAIRBANKS LABOR MANAGEMENT FUND INC, founded in 1992, is a small nonprofit that reported $355K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $273K, a strong 77% operating margin.

Mission

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS; TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE INDUSTRY.

Program Service Accomplishments

Program 1

PARTICIPATE IN LABOR DISPUTE RESOLUTION, TRAINING PROGRAMS AND WAGE BENEFIT SURVEYS.

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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 $0

Program Service Revenue $341,493

Investment Income $13,149

Other Revenue $0

TOTAL REVENUE $354,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $81,780

TOTAL EXPENSES $81,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,642	$272,378	+0.3%
Expenses	$81,780	$82,498	0.0%
Net Income	$272,862	$189,880	+0.4%

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

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
CLAYTON BESSETTE	PRESIDENT, VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
GENEVIEVE BELL	DIRECTOR	1.00	Director	$0	$0	$0
LEVI FRAMPTON	SECRETARY/TREASURER	1.00	Officer 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
2025	$354,642	$81,780	$836,224	$272,862
2024	$272,378	$82,498	$563,362	$189,880
2023	$32,363	$47,184	$373,482	$-14,821
2022	$26,299	$100,566	$388,303	$-74,267
2021	$26,825	$11,912	$462,570	$14,913
2020	$52,972	$48,364	$447,657	$4,608
2019	$91,255	$126,106	$443,049	$-34,851

UA LOCAL NO 375MECHANICAL CONTRACTORS OF FAIRBANKS LABOR MANAGEMENT FUND INC