Local Union 1556

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

10 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Collective bargaining and representation for their members

Revenue model: Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 62.4%; rating input score 62; 31st percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- 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

Operating margin: -1.5%; rating input score 31; 31st percentile among comparable filings
Total-asset coverage ratio: 1.66; rating input score 59; 59th percentile among comparable filings
Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
Officer compensation ratio: 2.8%; rating input score 57; 57th percentile among comparable filings

Program expense growth: Limited
Revenue growth: -0.5% per year; rating input score 0; 13th percentile among comparable filings
Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 10 board members independent · 3 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $15K · 10 people listed
Consistency: 10 of 11 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes grants
Filing history: 9 filing years from 2016 to 2024
Contacts: How to reach this organization
Money network: 16 filed money-flow records
Related organizations: 6 filed related-organization links
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

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

High — Accountability: Independent voting board scored 0/100.
Moderate — Accountability: Governance controls: 5 of 8 not reported.
High — Growth: Revenue growth scored 0/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
Moderate — Sustainability: Operating margin scored 31/100.
Review — Sustainability: Total-asset coverage ratio scored 59/100.
Review — Sustainability: Officer compensation ratio scored 57/100.