LABORERS INTERNATIONAL UNION OF NO… - Form 990 Financial Data

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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

1934

Legal Domicile

Principal Officer

PATRICK J WALSH

Phone

6172820180

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTERNATIONAL UNION OF NORTH AMERICA - LOCAL #223, founded in 1934, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 11% surplus.

Mission

ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS WORKING CONDITIONS AND OTHER ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS WORKING CONDITIONS AND OTHER ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING

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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 $1,863,981

Investment Income $99,769

Other Revenue $-7,726

TOTAL REVENUE $1,956,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,183,120

Fundraising Expenses $0

Program Expenses $1,745,576

Other Expenses $562,456

TOTAL EXPENSES $1,745,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,956,024	$1,953,133	+0.0%
Expenses	$1,745,576	$1,987,697	-0.1%
Net Income	$210,448	$-34,564	-7.1%

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

N/A

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

$715,701

Total Directors

$722,761

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ROWAN	EXECUTIVE BOARD	2.00	Director	$1,500	$0	$1,500
PATRICK WALSH	BUSINESS MANAGER	2.00	Officer Director	$251,890	$137,203	$389,093
CHRISTOPHER RYAN	AUDITOR	2.00	Officer Director	$1,500	$0	$1,500
GEORGE KELLY	RECORDING SECTRETARY	2.00	Officer Director	$1,500	$0	$1,500
WAYNE BERRY	EXECUTIVE BOARD	2.00	Director	$1,500	$0	$1,500
DONNELL GRAY	VICE PRESIDENT	2.00	Officer Director	$5,340	$0	$5,340
ROBERT MCDONAGH	PRESIDENT	40.00	Officer Director	$191,343	$120,065	$311,408
JENAYA NELSON	AUDITOR	2.00	Officer Director	$3,860	$0	$3,860
SCOTT COLLINS	SGT AT ARMS	1.00	Officer Director	$1,500	$0	$1,500
STEPHEN DEVANEY	EXECUTIVE BOARD	1.00	Director	$4,060	$0	$4,060
SHANE GENARD	AUDITOR	2.00	Officer Director	$1,500	$0	$1,500
COLLEEN WALSH	ADMINISTRATION	40.00	Highest	$150,581	$108,768	$259,349

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	$1,956,024	$1,745,576	$3,550,712	$210,448
2023	$1,953,133	$1,987,697	$3,340,264	$-34,564
2022	$1,916,964	$1,668,405	$3,374,828	$248,559
2021	$1,917,020	$1,761,151	$3,126,269	$155,869
2020	$1,798,458	$1,568,430	$2,970,400	$230,028
2019	$1,816,639	$1,531,597	$2,596,219	$285,042
2018	$1,726,865	$1,287,001	$2,427,287	$439,864

LABORERS INTERNATIONAL UNION OF NORTH AMERICA - LOCAL #223