Bakery Confectionery Tobacco Workers and Grain Millers

Nonprofit profile at a glance

EIN
911842495
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-N 2018
Location
Memphis, TN, USA
Phone
9015177120
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$853,062
Expenses
$965,778
Assets
$639
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CEDRIC WILSON (PRESIDENT)
  • COMETRIS MORGAN (VICE PRESIDENT)

Highest reported compensation

  • CEDRIC WILSON (PRESIDENT): $17,675 total reported compensation
  • MARKEYE PEGUES (FINANCIAL SECRETARY): $12,014 total reported compensation
  • ELLETA RAMSON (SHOP STEWARD): $11,951 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Local labor organization representing members with contract negotiations, reviewing arbitration procedures, grievances, and other member related benefits such as strike fund, sick pay, etc.

What it reported doing in 2023

In june of 2023, the labor organizaton entered into contract negotiations with company's management. The union and company's management failed to reached an agreement, which led to a work stoppage at the plant by the union and it's members. The stoppage was still in effect as of december 31,2023. The expectation is that the labor organization labor organization and company's management will presume discussions durng the first quarter of 2024. As a result of this progonged work stoppage, the union management spent excessive hours coordinating the strike, obtaining weekly strike benefits from the international union, and administering the payment of benefits to union members. This was a significant increase in resources in obtaining revenue and paying benefits for this program objective compared to prior year.

Operating model

Revenue model
Affiliate-supported. 93% of the money available for current operations came from contributions from related organizations.
Distribution model
Member-benefit provider. The nonprofit used 87% of its reported program spending for member benefits.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 72
  • Accountability: 72
  • Sustainability: 24
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 80%; rating input score 80; 0th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.2%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 171% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -197.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 145 of 145 board members independent · 3 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $966K in reported program spending
  • Leadership: top reported pay $18K · 5 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.