LABORERS' LOCAL 235 EDUCATION AND … - 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

1983

Legal Domicile

Principal Officer

RALPH J MERRITT

Phone

9145923331

Tax Period

2024-01-01 to 2024-12-31

LABORERS' LOCAL 235 EDUCATION AND TRAINING FUND, founded in 1983, is a small nonprofit that reported $401K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

EMPLOYER CONTRIBUTIONS PROVIDE EDUCATION AND TRAINING FOR THEIR EMPLOYEES WHO ARE PARTICIPANTS IN THE FUND.

Program Service Accomplishments

Program 1

EMPLOYER CONTRIBUTIONS PROVIDE EDUCATION AND TRAINING FOR THEIR EMPLOYEES WHO ARE PARTICIPANTS IN THE FUND.

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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 $373,338

Investment Income $28,089

Other Revenue $0

TOTAL REVENUE $401,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,895

Fundraising Expenses $0

Other Expenses $364,271

TOTAL EXPENSES $398,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$401,427	$440,776	-0.1%
Expenses	$398,166	$324,068	+0.2%
Net Income	$3,261	$116,708	-1.0%

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

$727,211

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARAINARE B ARELLANO	UNION TRUSTEE	0.05	Director	$0	$0	$600
MIGUEL CRUZ	UNION TRUSTEE	0.05	Director	$0	$113,363	$285,201
RALPH J MERRITT	UNION TRUSTEE	0.05	Director	$0	$148,480	$441,410
MARK FANTE	EMPLOYER TRUSTEE	0.05	Director	$0	$0	$0
MATTHEW PEPE	EMPLOYER TRUSTEE	0.05	Director	$0	$0	$0
ALAN SEIDMAN	EMPLOYER TRUSTEE	0.05	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
2025	No data	No data	No data	No data
2024	$401,427	$398,166	$786,914	$3,261
2023	$440,776	$324,068	$762,019	$116,708
2022	$398,415	$298,976	$645,311	$99,439
2021	$473,930	$463,367	$546,261	$10,563
2020	$419,535	$405,454	$544,205	$14,081
2019	$547,268	$448,079	$544,200	$99,189
2018	$615,885	$485,021	$469,097	$130,864

LABORERS' LOCAL 235 EDUCATION AND TRAINING FUND