The Massachusetts Laborers Buildin… - 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

1997

Legal Domicile

Phone

5085448255

Tax Period

2025-01-01 to 2025-12-31

The Massachusetts Laborers Building Unified Trust, founded in 1997, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2025. Expenses of $6.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

To identify and expand work opportunities and to promote the economic competitiveness of the union and the employers.

Program Service Accomplishments

Program 1

To provide support and benefits payments on behalf of member employers in order to expand work opportunities for Laborers and Industry Employers.

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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 $5,037,489

Program Service Revenue $0

Investment Income $943,863

Other Revenue $0

TOTAL REVENUE $5,981,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $672,680

TOTAL EXPENSES $6,820,420

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,981,352	$6,281,680	0.0%
Expenses	$6,820,420	$4,524,158	+0.5%
Net Income	$-839,068	$1,757,522	-1.5%

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	Chairman	1.00	Director	$0	$0	$0
Thomas Andrews	Trustee	1.00	Director	$0	$0	$0
John Ferrante	Trustee	1.00	Director	$0	$0	$0
Thomas Gunning	Co-chairman	1.00	Director	$0	$0	$0
Wendall Gardner	Trustee	1.00	Director	$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
2025	$5,981,352	$6,820,420	$26,740,581	$-839,068
2024	$6,281,680	$4,524,158	$25,562,057	$1,757,522
2023	$6,294,565	$3,146,218	$23,689,432	$3,148,347
2022	$5,717,049	$3,141,557	$21,434,640	$2,575,492
2021	$5,426,016	$4,259,600	$21,461,882	$1,166,416
2020	$4,632,607	$6,425,989	$21,355,030	$-1,793,382
2019	$5,647,816	$7,884,024	$21,016,262	$-2,236,208
2018	$5,343,727	$3,372,890	$19,681,212	$1,970,837

The Massachusetts Laborers Building Unified Trust