CONNECTICUT LABORERS' LEGAL SERVICES FUND (EIN 060978828) - 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

1974

Legal Domicile

Principal Officer

MICHAEL T CRONIN

Phone

8605632891

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT LABORERS' LEGAL SERVICES FUND, founded in 1974, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LEGAL SERVICES TO THE ELIGIBLE MEMBERS OF THE PLAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,356,551

Investment Income $79,275

Other Revenue $0

TOTAL REVENUE $1,435,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,100,657

Fundraising Expenses $0

Program Expenses $1,488,790

Other Expenses $259,803

TOTAL EXPENSES $1,488,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,435,826	$1,275,432	+0.1%
Expenses	$1,488,790	$1,440,002	+0.0%
Net Income	$-52,964	$-164,570	-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

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

$367,193

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LONDON	TRUSTEE	0.00	Director	$0	$0	$0
GREGORY S ONEGLIA	TRUSTEE	0.00	Director	$0	$0	$0
KEITH BROTHERS	TRUSTEE	0.00	Director	$0	$0	$0
DONALD SHUBERT	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL T CRONIN	MANAGING ATTORNEY	40.00	Officer	$276,837	$90,356	$367,193
JOHN CRONIN	ATTORNEY	40.00	Highest	$159,047	$62,617	$221,664
JANE BOOKER	PARALEGAL	40.00	Highest	$105,907	$50,102	$156,009

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	No data	No data	No data	No data
2023	$1,435,826	$1,488,790	$2,905,129	$-52,964
2022	$1,275,432	$1,440,002	$2,840,875	$-164,570
2021	$1,541,606	$1,365,074	$3,136,830	$176,532
2020	$1,421,958	$1,435,512	$2,968,205	$-13,554
2019	$1,328,562	$1,624,729	$2,802,598	$-296,167
2018	$1,485,613	$1,699,348	$2,835,322	$-213,735

CONNECTICUT LABORERS' LEGAL SERVICES FUND