MASSACHUSETTS STATE LABOR COUNCIL AFL-CIO (EIN 042254301) - 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

1958

Legal Domicile

Principal Officer

CHRISTINE LYNCH

Phone

6172448230

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS STATE LABOR COUNCIL AFL-CIO, founded in 1958, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 4% surplus.

Mission

TO EMPOWER AND SUPPORT WORKERS IN THEIR EFFORT TO PROMOTE JUSTICE, EDUCATE THE PUBLIC ABOUT THE VALUE OF UNIONS AND IMPROVE THE ECONOMIC SECURITY OF WORKING FAMILIES AND COMMUNITIES THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS.

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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 $93,000

Program Service Revenue $2,402,757

Investment Income $114,548

Other Revenue $324,952

TOTAL REVENUE $2,935,257

Expense Breakdown

Grants Paid $129,050

Salaries & Benefits $1,498,888

Fundraising Expenses $0

Other Expenses $1,202,920

TOTAL EXPENSES $2,830,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,935,257	$2,768,044	+0.1%
Expenses	$2,830,858	$2,866,464	0.0%
Net Income	$104,399	$-98,420	-2.1%

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

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

$679,611

Total Directors

$9,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BONFIGLIO	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
BRIAN BROUSSEAU	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
BOB BUTLER	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOSEPH CARLSON	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
STEVE FINNIGAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
THOMAS FLYNN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
PAUL GEORGES	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOHN MURPHY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
WARREN PEPICELLI	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
ROBERT RIZZI	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
MICHAEL SIMPSON	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
MYLES CALVEY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
COLLEEN GLYNN	EXEC. VP - AT LARGE	5.00	Director	$0	$0	$0
CHARLES OWEN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
AL VEGA	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CHARLES RASO	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
LOUIS ANTONELLIS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JESSICA TANG	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JEFF JONES	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
STEPHEN JOYCE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
RICHARD MACKINNON JR	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
TIM MELIA	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
FILAINE DERONNETTE	V.P. - AT LARGE	5.00	Director	$0	$0	$0
TIM FOLEY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
KEVIN KELLEY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
BETH KONTOS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
LISA LEMIEUX	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DARLENE LOMBOS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
MAX PAGE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
BRANT DUNCAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
KEVIN DRAKE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
KAREN CHEN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DAN CADOGAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
ADAM KASZYNSKI	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
FERNANDO LEMUS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JIM EVERS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
TIM MORGAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CARLOS ARAMAYO	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DEAN ETHIER	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOHNNY MCINNIS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
TOM MCKEEVER	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
COLTON ANDREWS	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
MARILYN MARION	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
ROXANNA RIVERA	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
TIM FLANDEL	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOHN DRINKWATER	EXECUTIVE COUNCIL	5.00	Director	$7,858	$1,886	$9,744
MIKE BOWES	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CHRIS BRENNAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOHN BRUNO	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JOHN BUONAPANE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
RICH COUTURE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
VINNY COYLE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
PETER DEROUEN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
SAM DILLON	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JIM DURKIN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DAVE FOLEY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
MARK FORTUNE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CHATON GREEN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
SCOTT HOFFMAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DAN LEARY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DEB MCCARTHY	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CURTIS BARNES	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
ERIK BERG	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DANIEL O'BRIEN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
TONY PINI	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
JEFF SALIBA	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
DAN ST MARIE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
CHRIS STOCKBRIDGE	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
PATRICK SULLIVAN	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
VAIL KOHNERT-YOUNT	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
ETHEL EVERETT	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
BILL HILL	EXECUTIVE COUNCIL	5.00	Director	$0	$0	$0
STEVEN TOLMAN	PRESIDENT (P)	40.00	Officer	$183,398	$65,644	$249,042
LOU MANDARINI JR	SEC TREASURER (P)	10.00	Officer	$0	$0	$0
FRANCIS CALLAHAN JR	EXEC. VP	5.00	Officer	$0	$0	$0
JAY COLBERT	EXEC. VP	5.00	Officer	$0	$0	$0
MICHAEL VARTABEDIAN	EXEC. VP	5.00	Officer	$0	$0	$0
CHRISTINE LYNCH	PRESIDENT	40.00	Officer	$170,373	$65,982	$236,355
KEVIN BROUSSEAU	SEC TREASURER	40.00	Officer	$136,388	$57,826	$194,214
MICHELLE DARDENO	COMPTROLLER	40.00	Highest	$109,033	$51,260	$160,293

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	$2,935,257	$2,830,858	$6,571,774	$104,399
2022	$2,768,044	$2,866,464	$6,377,156	$-98,420
2021	$2,292,090	$1,879,568	$6,243,383	$412,522
2020	$2,249,796	$1,544,933	$5,784,266	$704,863
2019	$2,602,658	$1,936,853	$5,028,928	$665,805
2018	$2,255,929	$1,779,917	$4,291,459	$476,012

MASSACHUSETTS STATE LABOR COUNCIL AFL-CIO