RI LABOR MANAGEMENT COOPERATIVE COMMITTEE INC (EIN 050478990) - 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

2012

Legal Domicile

Principal Officer

SPENCER A MARKS

Phone

4017852990

Tax Period

2024-01-01 to 2024-12-31

RI LABOR MANAGEMENT COOPERATIVE COMMITTEE INC, founded in 2012, is a small nonprofit that reported $269K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 41% operating margin.

Mission

ACTIVITIES DESIGNED TO IMPROVE COMPETITIVENESS, EFFECTIVENESS, AND ECONOMIC DEVELOPMENT IN THEELECTRICAL INDUSTRY. THE ORGANIZATION PROMOTES SOUND LABOR RELATIONS ON THE BASIS OF LABOR AND MANAGEMENT COOPERATION IN PUBLIC INTEREST.

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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 $269,194

Investment Income $41

Other Revenue $0

TOTAL REVENUE $269,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,477

TOTAL EXPENSES $159,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,235	$211,612	+0.3%
Expenses	$159,477	$145,348	+0.1%
Net Income	$109,758	$66,264	+0.7%

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
JEFF AUDET	CO-CHAIRMAN	5.00	Director	$0	$0	$0
JOSEPH WALSH JR	CO-CHAIRMAN	5.00	Director	$0	$0	$0
SPENCER A MARKS	SECRETARY/TREASURER	5.00	Director	$0	$0	$0
JOHN CIACCIARELLI	DIRECTOR	5.00	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
2024	$269,235	$159,477	$380,051	$109,758
2023	$211,612	$145,348	$270,293	$66,264

RI LABOR MANAGEMENT COOPERATIVE COMMITTEE INC