RHODE ISLAND LABORERS UNIFIED TRUST (EIN 050493920) - 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

1996

Legal Domicile

Principal Officer

MICHAEL SABITONI

Phone

4019428690

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND LABORERS UNIFIED TRUST, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 87% operating margin.

Mission

TO PROMOTE ECONOMIC COMPETETIVENESS, EXPAND WORK OPPORTUNITIES, PROMOTE EMPLOYEE SAFETY, MONITOR COMPLIANCE WITH FEDERAL AND STATE STANDARDS GOVERNING WORK, ENCOURAGE COLLECTIVE BARGAINING AND IMPROVE COMMUNICATIONS BETWEEN THE UNION, EMPLOYERS, AND THE PUBLIC

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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 $1,604,081

Investment Income $202,857

Other Revenue $3,140

TOTAL REVENUE $1,810,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,273

TOTAL EXPENSES $239,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,810,078	$1,410,532	+0.3%
Expenses	$239,475	$1,987,338	-0.9%
Net Income	$1,570,603	$-576,806	-3.7%

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
STEVEN GRANDE	Trustee	2.00	Director	$0	$0	$0
FRED PILKINGTON	Trustee	2.00	Director	$0	$0	$0
DAVID RAMPONE	Trustee	2.00	Director	$0	$0	$0
MICHAEL SABITONI	Trustee	2.00	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	$1,810,078	$239,475	$4,885,430	$1,570,603
2023	$1,410,532	$1,987,338	$4,252,210	$-576,806
2022	$3,354,654	$3,058,728	$3,781,728	$295,926
2021	$4,506,206	$3,956,403	$3,637,033	$549,803
2020	$3,890,663	$4,571,725	$3,786,031	$-681,062

RHODE ISLAND LABORERS UNIFIED TRUST