MILLWRIGHTS LOCAL UNION NO 1607 (EIN 951227725) - 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

1971

Legal Domicile

Principal Officer

WILLIAM GOSNELL JR

Phone

3237240178

Tax Period

2024-07-01 to 2025-06-30

MILLWRIGHTS LOCAL UNION NO 1607, founded in 1971, is a small nonprofit that reported $756K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $722K left a modest 4% surplus.

Mission

TO REPRESENT ALL MEMBERS FOR THEIR MORAL, ECONOMIC AND SOCIAL ADVANCEMENT. TO THAT END, THE OFFICERS AND BUSINESS AGENTS OF THE LOCAL COLLECTIVELY BARGAIN WITH EMPLOYERS ON BEHALF OF THE LOCAL'S MEMBERS.

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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 $680,236

Program Service Revenue $22,840

Investment Income $3,894

Other Revenue $49,413

TOTAL REVENUE $756,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,446

Fundraising Expenses $0

Program Expenses $714,496

Other Expenses $567,900

TOTAL EXPENSES $722,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$756,383	$695,099	+0.1%
Expenses	$722,346	$776,114	-0.1%
Net Income	$34,037	$-81,015	-1.4%

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

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

$65,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMMETT CROMWELL	President	2.00	Officer	$7,694	$0	$7,694
GARY WHITE	WARDEN	2.00	Officer	$7,689	$0	$7,689
DOUGLAS LOCKHART	Vice President	2.00	Officer	$7,689	$0	$7,689
STEPHEN RANALDI	Treasurer	2.00	Officer	$7,223	$0	$7,223
CHAD CANOY	CONDUCTOR	2.00	Officer	$6,524	$0	$6,524
JORDAN JONES	RECORDING SECRE	2.00	Officer	$6,291	$0	$6,291
WILLIAM GOSNELL JR	FINANCIAL SECY	2.00	Officer	$6,291	$0	$6,291
JASON SARENANA	Trustee	2.00	Officer	$6,058	$0	$6,058
CARLOS BRIZUELA	Trustee	2.00	Officer	$2,796	$0	$2,796
MELISSA A GARCIA	Trustee	2.00	Officer	$2,330	$0	$2,330
CHAD NELSON	TRUSTEE PRO TEM	2.00	Officer	$2,097	$0	$2,097
KIRKLAND BROGDON	Trustee	2.00	Officer	$1,636	$0	$1,636
SERINA MUNOZ	Trustee	2.00	Officer	$1,398	$0	$1,398

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	$756,383	$722,346	$251,280	$34,037
2024	$695,099	$776,114	$216,702	$-81,015
2023	$787,194	$768,848	$305,752	$18,346
2022	$700,233	$699,530	$284,942	$703
2021	$649,466	$628,814	$298,942	$20,652
2020	$703,073	$686,979	$281,418	$16,094
2020	$703,073	$729,129	$239,268	$-26,056
2019	$798,080	$722,913	$262,227	$75,167

MILLWRIGHTS LOCAL UNION NO 1607