MASSACHUSETTS LABORERS' LEGAL SERV… - 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

1974

Legal Domicile

Principal Officer

MARY P O'MALLEY

Phone

7812733939

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS LABORERS' LEGAL SERVICES FUND, founded in 1974, is a community nonprofit in the Mutual Benefit sector that reported $3.8M in total revenue in fiscal year 2024. The organization ran a surplus of $849K, a strong 22% operating margin.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE LEGAL BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE PLAN IS TO PROVIDE LEGAL BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $3,330,537

Investment Income $452,765

Other Revenue $0

TOTAL REVENUE $3,783,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,684

Fundraising Expenses $0

Other Expenses $171,976

TOTAL EXPENSES $2,934,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,783,302	$3,596,522	+0.1%
Expenses	$2,934,111	$3,120,053	-0.1%
Net Income	$849,191	$476,469	+0.8%

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

$338,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH C BONFIGLIO	CHAIRMAN/TRUSTEE	1.00	Director	$0	$0	$0
BARBARA J DELUCCA-REA	SECRETARY/TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL P GAGLIARDI	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER C MURPHY- THRU 324	TRUSTEE	1.00	Director	$0	$0	$0
WENDALL W GARDNER - EFF 324	TRUSTEE	1.00	Director	$0	$0	$0
DAVID P POWELL	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LUCHT - THRU 924	TRUSTEE	1.00	Director	$0	$0	$0
JIM DIMARZIO - EFF 924	TRUSTEE	1.00	Director	$0	$0	$0
RYAN DECHRISTOFORO	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SARGO	TRUSTEE	1.00	Director	$0	$0	$0
MARY P O'MALLEY	ADMINISTRATOR	40.00	Officer	$280,961	$57,834	$338,795
JOHN A RICE JR	STAFF ATTORNEY	40.00	Highest	$171,013	$57,834	$228,847
ROBERT M CASSESSO JR	STAFF ATTORNEY	40.00	Highest	$137,435	$57,834	$195,269
JENNIFER L FEARNLEY	STAFF ATTORNEY	40.00	Highest	$128,080	$57,834	$185,914
MICHAEL J RILEY	STAFF ATTORNEY	40.00	Highest	$127,720	$53,807	$181,527
ANDREA T DUNN	STAFF ATTORNEY	40.00	Highest	$113,009	$57,834	$170,843

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	$3,783,302	$2,934,111	$15,234,233	$849,191
2023	$3,596,522	$3,120,053	$13,895,452	$476,469
2022	$3,819,238	$2,739,365	$12,245,736	$1,079,873
2021	$3,879,534	$2,576,647	$12,879,471	$1,302,887
2020	$3,150,532	$2,539,635	$11,170,855	$610,897
2019	$3,548,532	$2,530,310	$9,526,260	$1,018,222
2018	$3,444,698	$2,576,183	$7,539,678	$868,515

MASSACHUSETTS LABORERS' LEGAL SERVICES FUND