ROOFERS LOCAL UNION NO 40 VACATION TRUST FUND (EIN 942448667) - 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

1954

Legal Domicile

Principal Officer

MANUEL DE SANTIAGO III

Phone

4082884400

Tax Period

2023-08-01 to 2024-07-31

ROOFERS LOCAL UNION NO 40 VACATION TRUST FUND, founded in 1954, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

PROVIDING VACATION BENEFITS TO ELIGIBLE PARTICIPANTS

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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 $2,995,551

Investment Income $6,070

Other Revenue $25,707

TOTAL REVENUE $3,027,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,999,510

Other Expenses $29,646

TOTAL EXPENSES $3,029,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,027,328	$2,238,112	+0.4%
Expenses	$3,029,156	$2,259,442	+0.3%
Net Income	$-1,828	$-21,330	-0.9%

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

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
RICHARD J LAWSON	TRUSTEE	1.00	Director	$0	$0	$0
MANUEL DE SANTIAGO III	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG LAU	TRUSTEE	1.00	Director	$0	$0	$0
SALVADOR RICO	TRUSTEE	1.00	Director	$0	$0	$0
PETER LANG	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$3,027,328	$3,029,156	$1,908,064	$-1,828
2023	$2,238,112	$2,259,442	$1,535,147	$-21,330
2022	$2,058,924	$2,046,205	$1,374,162	$12,719
2021	$1,705,096	$1,711,867	$1,112,349	$-6,771
2020	$1,706,153	$1,710,824	$1,080,031	$-4,671
2019	$1,734,729	$1,725,103	$1,112,960	$9,626
2018	$1,754,231	$1,741,325	$1,112,181	$12,906

ROOFERS LOCAL UNION NO 40 VACATION TRUST FUND