Union Contractor Group (EIN 931061171) - 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

1991

Legal Domicile

Principal Officer

MIKE SALSGIVER

Phone

5036823363

Tax Period

2024-01-01 to 2024-12-31

Union Contractor Group, founded in 1991, is a small nonprofit that reported $414K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 38 months of operating reserves.

Mission

TO PROMOTE AND ASSIST PROGRAMS OF INDUSTRY EDUCATION, TRAINING, NEGOTIATION, AND ADMINISTRATION OF THE COLLECTIVE BARGAINING AGREEMENTS.

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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 $350,689

Investment Income $63,772

Other Revenue $0

TOTAL REVENUE $414,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $455,320

TOTAL EXPENSES $455,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,461	$234,286	+0.8%
Expenses	$455,320	$253,884	+0.8%
Net Income	$-40,859	$-19,598	+1.1%

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

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

$310,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SALSGIVER	Executive Dir.	2.00	Officer	$0	$21,018	$310,230
STEVE MALANY	Co-Chairman	2.00	Officer Director	$0	$0	$0
CHRIS MCGHIE	Co-Chairman	2.00	Officer Director	$0	$0	$0
PAUL HARDING	Director	2.00	Director	$0	$0	$0
NATE GERDING	Director	2.00	Director	$0	$0	$0
CHRIS GREGG	Director	2.00	Director	$0	$0	$0
DAMIEN KOEHLER	Director	2.00	Director	$0	$0	$0
VAL SOLORZANO	Director	2.00	Director	$0	$0	$0
DEE BURCH	Director	2.00	Director	$0	$0	$0
JOHN ANDERSON	Director	2.00	Director	$0	$0	$0
KYLE IZATT	Director	2.00	Director	$0	$0	$0
NAT TAYLOR	Director	2.00	Director	$0	$0	$0
GREG WHITAKER	Director	2.00	Director	$0	$0	$0
RYAN MCDONALD	Director	2.00	Director	$0	$0	$0
BOB SCHOMMER	Director	2.00	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	$414,461	$455,320	$1,421,352	$-40,859
2023	$234,286	$253,884	$1,487,699	$-19,598
2022	$415,660	$303,793	$1,191,946	$111,867
2021	$282,807	$341,639	$1,305,604	$-58,832
2020	$369,842	$286,035	$1,278,871	$83,807
2019	$414,640	$323,010	$1,118,865	$91,630
2018	$382,905	$252,355	$949,328	$130,550

Union Contractor Group