LADIES' GARMENT WORKERS' CENTER INC (EIN 042055306) - 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

1948

Legal Domicile

Principal Officer

ETHAN SNOW

Phone

6178326600

Tax Period

2023-01-01 to 2023-12-31

LADIES' GARMENT WORKERS' CENTER INC, founded in 1948, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue fell 125% from the prior year — a significant decline worth monitoring.

Mission

THE LADIES GARMENT WORKERS CENTER, INC HOLDS TITLE TO REAL PROPERTY IN BOSTON, MA. IT IS 100% OWNED BY THE NEW ENGLAND JOINT BOARD, UNITE HERE (NEJB), A 501(C)(5 ) UN-INCORPORATED ASSOCIATION WHICH OPERATES AS A LABOR UNION.

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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 $27,060

Investment Income $780

Other Revenue $-83,327

TOTAL REVENUE $-55,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $150,000

TOTAL EXPENSES $150,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-55,487	$218,210	-1.3%
Expenses	$150,000	N/A	N/A
Net Income	$-205,487	$218,210	-1.9%

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

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

$222,365

Total Directors

$368,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN PEPICELLI	PRESIDENT	2.00	Officer Director	$0	$63,139	$222,365
ETHAN SNOW	DIRECTOR/TREASURER	2.00	Director	$0	$52,935	$146,329

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	No data	No data	No data	No data
2023	$-55,487	$150,000	$8,363,988	$-205,487
2022	$218,210	No data	$8,811,295	No data
2021	$396,955	No data	$8,822,753	No data
2020	$-153,437	No data	$8,675,552	No data
2019	$359,303	$470,145	$8,931,145	$-110,842
2018	$1,150,134	$1,494,602	$9,200,745	$-344,468

LADIES' GARMENT WORKERS' CENTER INC