RHODE ISLAND LABORERS' DISTRICT COUNCIL (EIN 056020703) - 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

1967

Legal Domicile

Principal Officer

RONALD R COIA

Phone

4017516565

Tax Period

2025-01-01 to 2025-12-31

RHODE ISLAND LABORERS' DISTRICT COUNCIL, founded in 1967, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 5% surplus.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATELY 8,700 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,650,821

Investment Income $265,494

Other Revenue $28,974

TOTAL REVENUE $4,945,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $865,562

Fundraising Expenses $0

Other Expenses $3,846,880

TOTAL EXPENSES $4,712,442

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,945,289	$4,132,690	+0.2%
Expenses	$4,712,442	$3,836,802	+0.2%
Net Income	$232,847	$295,888	-0.2%

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

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

$163,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR JORDAN	BUSINESS MAN	20.00	Officer	$26,645	$59,532	$86,177
RONALD R COIA	SEC. TREAS.	20.00	Officer	$26,691	$13,130	$39,821
KAREN HAZARD	PRESIDENT	2.00	Officer	$8,864	$5,650	$14,514
JOSEPH CONTI	VICE PRESIDE	2.00	Officer	$6,000	$0	$6,000
THOMAS DEFAZIO	SGT-AT-ARMS	2.00	Officer	$2,400	$0	$2,400
FREDERICK PILKINGTON II	AUDITOR	2.00	Officer	$1,800	$0	$1,800
TIMOTHY WALSH	AUDITOR	2.00	Officer	$1,800	$0	$1,800
FRANK MCLYNCH	AUDITOR	2.00	Officer	$1,800	$0	$1,800
JOSEPH VITULLO	EX. BOARD	2.00	Officer	$3,000	$0	$3,000
MICHAEL LABSAN	EX. BOARD	2.00	Officer	$3,000	$0	$3,000
JEREMIAH HOBBS	EX. BOARD	2.00	Officer	$1,500	$0	$1,500
TIMOTHY JOHNSON	EX. BOARD (P	2.00	Officer	$1,500	$0	$1,500
GINA SABITONI-ARAKELIAN	ADMIN. ASST.	40.00	Highest	$115,502	$85,977	$201,479
JAY BIANCO	FIELD REPRES	40.00	Highest	$178,219	$107,039	$285,258

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
2025	$4,945,289	$4,712,442	$4,122,922	$232,847
2024	$4,132,690	$3,836,802	$3,875,513	$295,888
2023	$3,627,909	$3,567,329	$3,586,362	$60,580
2022	$3,356,179	$2,695,201	$3,522,237	$660,978
2021	$2,765,949	$2,305,230	$2,858,537	$460,719
2020	$2,798,318	$2,445,626	$2,397,174	$352,692
2019	$3,028,565	$2,805,152	$2,045,498	$223,413
2018	$2,427,087	$2,188,649	$1,815,973	$238,438

RHODE ISLAND LABORERS' DISTRICT COUNCIL