LABORERS INTL UNION LOCAL 380 (EIN 043520087) - 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

2000

Legal Domicile

Principal Officer

RICHARD KIRK

Phone

7817719156

Tax Period

2023-01-01 to 2023-12-31

LABORERS INTL UNION LOCAL 380, founded in 2000, is a small nonprofit that reported $377K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATELY 755 UNION MEMBERS FOR THE PURPOSE OF COLLECTIVE BARGAINING.

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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 $376,538

Investment Income $75

Other Revenue $0

TOTAL REVENUE $376,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,044

Fundraising Expenses $0

Other Expenses $301,493

TOTAL EXPENSES $385,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,613	$335,560	+0.1%
Expenses	$385,537	$326,658	+0.2%
Net Income	$-8,924	$8,902	-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

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

$71,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KIRK	BUSINESS MAN	30.00	Officer	$38,000	$11,444	$49,444
WILLIAM SHERMAN	SEC. TREAS.	10.00	Officer	$9,000	$0	$9,000
JOSEPHINE BROWN	PRESIDENT	10.00	Officer	$6,000	$0	$6,000
CHERYL ANSELMO	VICE PRESIDE	5.00	Officer	$3,000	$0	$3,000
MICHELLE ELLIS	RECORDING SE	1.00	Officer	$1,300	$0	$1,300
JAMES JOHNSON	AUDITOR	1.00	Officer	$830	$0	$830
FREDY AYALA	SGT-AT-ARMS	1.00	Officer	$480	$0	$480
CHERYL DOUCETTE	EXECUTIVE BO	1.00	Officer	$480	$0	$480
SHAWN MERRITT	EXECUTIVE BO	1.00	Officer	$480	$0	$480
CHARLES THOMAS	AUDITOR	1.00	Officer	$480	$0	$480
BETINA VARGAS	AUDITOR (PAS	1.00	Officer	$160	$0	$160

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	$376,613	$385,537	$106,046	$-8,924
2022	$335,560	$326,658	$115,001	$8,902
2021	$294,350	$343,341	$105,264	$-48,991
2020	$327,514	$331,051	$153,255	$-3,537
2019	$320,844	$356,198	$157,197	$-35,354
2019	$321,855	$359,275	$153,875	$-37,420
2018	$362,607	$299,875	$192,190	$62,732
2018	$296,718	$302,749	$192,346	$-6,031

LABORERS INTL UNION LOCAL 380