Laborers International Union of North America Local 429 (EIN 041338411) - 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

1918

Legal Domicile

Phone

5084354164

Tax Period

2023-01-01 to 2023-12-31

Laborers International Union of North America Local 429, founded in 1918, is a small nonprofit that reported $532K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $165K, a strong 31% operating margin.

Mission

Laborers' International Union of North America Local Union 429s mission is to collectively bargain with area employers on behalf of union membership.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $529,124

Investment Income $3,246

Other Revenue $74

TOTAL REVENUE $532,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,266

Fundraising Expenses $0

Other Expenses $153,494

TOTAL EXPENSES $367,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$532,444	$569,974	-0.1%
Expenses	$367,760	$367,001	+0.0%
Net Income	$164,684	$202,973	-0.2%

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

Total Directors

$872,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Bonfiglio	Trustee	0.00	Director	$0	$154,585	$480,098
Thomas Andrews	Trustee	0.00	Director	$0	$131,992	$392,080
Miguel Gonzalez	Business Manager	40.00		$89,766	$86,643	$176,409

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$532,444	$367,760	$1,479,177	$164,684
2022	$569,974	$367,001	$1,285,320	$202,973
2021	$515,480	$376,917	$1,084,896	$138,563
2020	$542,698	$456,053	$936,563	$86,645
2019	$558,070	$480,075	$841,426	$77,995
2018	$568,026	$444,451	$767,579	$123,575

Laborers International Union of North America Local 429