MIDWEST REGION LABORERS'-EMPLOYERS' COOPERATION & EDUCATION TRUST (EIN 010606353) - 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

2002

Legal Domicile

Principal Officer

DAVID FRYE

Phone

2177894306

Tax Period

2024-01-01 to 2024-12-31

MIDWEST REGION LABORERS'-EMPLOYERS' COOPERATION & EDUCATION TRUST, founded in 2002, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $979K, a strong 36% operating margin.

Mission

ADDRESS LABOR-MANAGEMENT NEEDS IN THE MIDWEST REGION

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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 $0

Program Service Revenue $1,888,015

Investment Income $188,633

Other Revenue $638,954

TOTAL REVENUE $2,715,602

Expense Breakdown

Grants Paid $97,425

Salaries & Benefits $825,628

Fundraising Expenses $0

Other Expenses $813,474

TOTAL EXPENSES $1,736,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,715,602	$2,597,249	+0.0%
Expenses	$1,736,527	$1,571,572	+0.1%
Net Income	$979,075	$1,025,677	0.0%

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

$30,000

Total Directors

$33,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PENN	TRUSTEE	1.00	Director	$0	$0	$0
GLYN RAMAGE	TRUSTEE	1.00	Director	$0	$7,470	$33,230
BRANDON FLINN	TRUSTEE	1.00	Director	$0	$0	$0
TIM BELL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FRYE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES BRUNER	SEC TREAS/TRUSTEE	1.00	Director	$0	$0	$0
GREG DAVEY	TRUSTEE	1.00	Director	$0	$0	$0
EUGENE KEELEY	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN BOYD	TRUSTEE	1.00	Director	$0	$0	$0
MATT SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MARK LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
DONNA RICHTER	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SHORT	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE SHERAW	TRUSTEE	1.00	Director	$0	$0	$0
DAVE STARK	TRUSTEE	1.00	Director	$0	$0	$0
RENO HAMMOND	TRUSTEE	1.00	Director	$0	$0	$0
RANDY HARRIS	DIRECTOR	20.00	Officer	$0	$0	$30,000
MELANIE MATHEWSON	COMPTROLLER	8.00	Highest	$0	$90,242	$212,263
TIM ROSEBERRY	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$115,249	$77,520	$192,769
SEAN STOTT	POLITICAL DIRECTOR	0.00	Highest	$0	$139,724	$329,674
JEFF PENN	MROC DIRECTOR	0.00	Highest	$0	$104,647	$229,130
KURT FORNESS	DIRECTOR OF COMMUNICATIONS	0.00	Highest	$117,756	$69,208	$186,964

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
2024	$2,715,602	$1,736,527	$4,181,802	$979,075
2023	$2,597,249	$1,571,572	$3,216,218	$1,025,677
2022	$1,962,312	$1,671,453	$2,155,686	$290,859
2021	$2,017,651	$1,679,309	$1,959,580	$338,342
2020	$1,910,401	$1,861,168	$1,631,172	$49,233

MIDWEST REGION LABORERS'-EMPLOYERS' COOPERATION & EDUCATION TRUST