Pile Drivers Local 34 (EIN 940770920) - 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

1941

Legal Domicile

Principal Officer

Joe Karinen

Phone

5106354227

Tax Period

2024-07-01 to 2025-06-30

Pile Drivers Local 34, founded in 1941, is a small nonprofit that reported $960K in total revenue in fiscal year 2024. Net assets of $2.0M represent 25 months of operating reserves.

Mission

To act as a local union for carpenters in 46 Northern California counties.

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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 $932,685

Investment Income $39,864

Other Revenue $-12,457

TOTAL REVENUE $960,092

Expense Breakdown

Grants Paid $200

Salaries & Benefits $409,596

Fundraising Expenses $0

Other Expenses $587,390

TOTAL EXPENSES $997,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$960,092	$990,957	0.0%
Expenses	$997,186	$844,147	+0.2%
Net Income	$-37,094	$146,810	-1.3%

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

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

$39,254

Total Directors

$39,254

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Karinen	President	1.00	Officer Director	$6,128	$0	$6,128
Martin R Espinoza Jr	Vice President	1.00	Officer Director	$3,891	$0	$3,891
Leonard Vega	Financial Secretary/Treasurer	2.50	Officer Director	$5,576	$0	$5,576
Christopher Puglisi	Recording Secretary	1.00	Officer Director	$5,192	$0	$5,192
Johnathan Ieremia	Conductor	1.00	Officer Director	$4,279	$0	$4,279
Martin Espinoza Sr	Warden	1.00	Officer Director	$4,638	$0	$4,638
Jesse Johansen	Trustee	1.00	Officer Director	$3,913	$0	$3,913
Khaled Mikbel	Trustee (From 7/2024)	1.00	Officer Director	$5,637	$0	$5,637
Eddie R Clark Jr	Trustee	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	$960,092	$997,186	$2,044,843	$-37,094
2024	$990,957	$844,147	$2,033,003	$146,810
2023	$977,851	$943,975	$1,823,575	$33,876
2022	$749,713	$812,157	$1,843,384	$-62,444
2021	$727,587	$873,141	$1,883,620	$-145,554
2020	$805,833	$680,361	$1,937,609	$125,472
2019	$738,206	$771,332	$1,856,160	$-33,126

Pile Drivers Local 34