LABORERS' PENSION - BURLINGTON INV… - 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

1994

Legal Domicile

Principal Officer

NATHAN GOLDSTEIN

Phone

7812721000

Tax Period

2023-01-01 to 2023-12-31

LABORERS' PENSION - BURLINGTON INVESTMENT CORP, founded in 1994, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $917K, a strong 69% operating margin.

Mission

THE ORGANIZATION OWNS AND MAINTAINS REAL ESTATE INVESTMENT PROPERTY FOR THE PURPOSE OF REMITTING THE ENTIRE AMOUNT OF NET INCOME TO A QUALIFIED PENSION, PROFIT SHARING, OR STOCK BONUS PLAN THAT MEETS THE REQUIREMENTS OF IRC SECTION 401(A).

Program Service Accomplishments

Program 1

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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 $500,000

Program Service Revenue $834,377

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,334,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $416,945

TOTAL EXPENSES $416,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,334,377	$693,321	+0.9%
Expenses	$416,945	$383,460	+0.1%
Net Income	$917,432	$309,861	+2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BONFIGLIO	PRESIDENT/DIR.	1.00	Officer Director	$0	$0	$0
DAVID CARTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK R BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC OTTAVIANO JR	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN BOYER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NAFTOLY	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY FRIAS	TREAS/SEC/DIR	1.00	Officer	$0	$0	$0
NATHAN GOLDSTEIN	EXEC DIRECTOR	1.00	Officer	$0	$0	$0

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	$1,334,377	$416,945	$4,962,342	$917,432
2022	$693,321	$383,460	$5,847,715	$309,861
2021	$707,836	$356,101	$5,542,207	$351,735
2020	$659,672	$354,463	$5,183,605	$305,209
2019	$546,957	$355,160	$4,677,650	$191,797
2018	$532,152	$331,178	$4,483,263	$200,974

LABORERS' PENSION - BURLINGTON INVESTMENT CORP