LOCAL 490 LABOR-MANAGEMENT COOPERATION TRUST (EIN 026117974) - 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

1999

Legal Domicile

Principal Officer

ERIC BATCHELOR

Phone

6032244239

Tax Period

2024-05-01 to 2025-04-30

LOCAL 490 LABOR-MANAGEMENT COOPERATION TRUST, founded in 1999, is a small nonprofit in the Employment sector that reported $352K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $303K, a strong 86% operating margin.

Mission

TO IMPROVE COMMUNICATION WITH EMPLOYERS, EXPAND WORK OPPORTUNITIES, PROMOTE EFFICIENCY IN OPERATIONS AND THE HEALTH AND SAFETY OF ELECTRICIANS.

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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 $329,664

Investment Income $21,870

Other Revenue $0

TOTAL REVENUE $351,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,807

TOTAL EXPENSES $48,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,534	$277,242	+0.3%
Expenses	$48,834	$67,960	-0.3%
Net Income	$302,700	$209,282	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BATCHELOR	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN GOWEN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE LAWRENCE	TRUSTEE (P)	1.00	Director	$0	$0	$0
SCOTT MARQUIS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SCARPONI	TRUSTEE	1.00	Director	$0	$0	$0
ZACK WOOLFORD	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA WARMOTH	TRUSTEE	1.00	Director	$0	$0	$0

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	$351,534	$48,834	$1,182,800	$302,700
2024	$277,242	$67,960	$880,100	$209,282
2023	$291,379	$53,181	$670,818	$238,198
2022	$224,881	$52,193	$432,620	$172,688
2021	$174,517	$129,577	$260,799	$44,940
2020	$126,524	$123,695	$215,859	$2,829
2019	$84,548	$226,555	$213,030	$-142,007
2018	$210,843	$202,705	$355,037	$8,138

LOCAL 490 LABOR-MANAGEMENT COOPERATION TRUST