THE LABOR TEMPLE ASSOCIATION INC (EIN 043591672) - 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

2001

Legal Domicile

Principal Officer

DAVE SCHUTTA

Phone

6512606212

Tax Period

2024-01-01 to 2024-12-31

THE LABOR TEMPLE ASSOCIATION INC, founded in 2001, is a small nonprofit in the Employment sector that reported $218K in total revenue in fiscal year 2024. Revenue surged 219% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 68% operating margin.

Mission

THE ASSOCIATION'S MAIN ACTIVITY IS TO OWN "LABOR TEMPLES OR BUILDINGS FOR THE USE AND BENEFIT OF ITS MEMBER LABOR ORGANIZATIONS OR ASSOCIATIONS OF EMPLOYEES. THE ASSOCIATION IS THE SOLE STOCKHOLDER OF THE LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS, INC., A 501(C)(2)ORGANIZATION WHICH HOLDS TITLE TO THE ASSOCIATION'S REAL PROPERTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $58,581

Other Revenue $159,147

TOTAL REVENUE $217,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,013

Fundraising Expenses $0

Other Expenses $45,627

TOTAL EXPENSES $68,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,728	$68,258	+2.2%
Expenses	$68,640	$53,633	+0.3%
Net Income	$149,088	$14,625	+9.2%

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

$24,000

Total Directors

$38,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY MELANDER	DIRECTOR	1.00	Director	$0	$0	$1,600
FRANK MISKOWIEC	DIRECTOR	1.00	Director	$0	$0	$1,600
RUSSEL SCHERBER	PRESIDENT	10.00	Officer Director	$10,400	$0	$12,000
TIM HOUSE	DIRECTOR	1.00	Director	$0	$0	$1,600
DAN MCCONNELL	DIRECTOR	1.00	Director	$0	$0	$1,600
ROD DOLAN	DIRECTOR	1.00	Director	$0	$0	$1,600
DAVID SCHUTTA	SECRETARY/TREASURER	10.00	Officer Director	$10,400	$0	$12,000
DOUG SHROEDER	DIRECTOR	1.00	Director	$0	$0	$1,600
MARK CONROY	DIRECTOR	1.00	Director	$0	$0	$1,600
BRIAN BURG	DIRECTOR	1.00	Director	$0	$0	$1,600
TIM MARDELL	DIRECTOR	1.00	Director	$0	$0	$1,600

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	$217,728	$68,640	$5,465,103	$149,088
2023	$68,258	$53,633	$5,316,015	$14,625
2022	$43,189	$44,979	$5,301,385	$-1,790
2021	$22,927	$41,173	$5,303,177	$-18,246
2020	$68,327	$47,292	$5,321,427	$21,035

THE LABOR TEMPLE ASSOCIATION INC