United Brotherhood of Carpenters and Joiners of America Local Union 424

Nonprofit profile at a glance

EIN
042486527
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016
Location
Randolph, MA, USA
Phone
7819630200
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Labor Unions

Reported finances

Revenue
$133,870
Expenses
$146,067
Assets
$148,567
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • FRANK BAXTER (PRESIDENT)
  • STEVEN SINGLETON (VICE PRESIDENT)

People named in this filing

  • FRANK BAXTER (PRESIDENT)
  • DAVID CURLEY (FINANCIAL SECRETARY)
  • MARK CURRAN (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Collective bargaining

What it reported doing in 2016

Labor organization formed for the purposes of collective bargaining, servicing 287 members to secure improved wages, hours, working conditions and other economic advantages.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, 23% for grants, and 2% for member benefits.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.1%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 15.1%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $146K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: 10 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.

  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.