Laborers International Union of NA Local 609 (EIN 041839442) - 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

1968

Legal Domicile

Principal Officer

Wendall Gardner

Phone

5088755282

Tax Period

2025-01-01 to 2025-12-31

Laborers International Union of NA Local 609, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Net assets of $3.0M represent 34 months of operating reserves.

Mission

Laborers' International Union of N.A.Local 609 was organized 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,002,192

Investment Income $85,436

Other Revenue $0

TOTAL REVENUE $1,087,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $623,622

Fundraising Expenses $0

Other Expenses $447,879

TOTAL EXPENSES $1,071,501

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,087,628	$1,077,469	+0.0%
Expenses	$1,071,501	$1,102,374	0.0%
Net Income	$16,127	$-24,905	-1.6%

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

$376,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendall Gardner	Bus. Manager	40.00	Officer	$212,623	$131,711	$344,334
Christopher Murphy	Business Manager	40.00		$39,750	$0	$39,750
Edawrd Ferreira Jr	President	1.00	Officer	$9,956	$0	$9,956
Jonathan Potter	Rec. Secretary	1.00	Officer	$9,800	$0	$9,800
Julie Griffin	Exec. Board	1.00	Officer	$3,300	$0	$3,300
Radames Figueroa	Vice President	1.00	Officer	$2,825	$0	$2,825
Jacques Gibbs	Exec. Board	1.00	Officer	$2,500	$0	$2,500
Robert Jackson	Exec. Board	1.00	Officer	$2,350	$0	$2,350
Ryan Murphy	Sgt at Arms	1.00	Officer	$1,300	$0	$1,300

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	$1,087,628	$1,071,501	$3,038,430	$16,127
2024	$1,077,469	$1,102,374	$2,847,823	$-24,905
2023	$1,008,729	$1,104,887	$2,778,989	$-96,158
2022	$949,466	$1,018,017	$2,679,473	$-68,551
2021	$1,067,879	$988,337	$3,045,775	$79,542
2020	$976,883	$901,960	$2,940,869	$74,923
2019	$989,593	$965,236	$2,817,341	$24,357
2018	$962,076	$748,546	$2,605,084	$213,530

Laborers International Union of NA Local 609