LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298 (EIN 110908115) - 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

1944

Legal Domicile

Principal Officer

FRANK DAMIANO JR

Phone

5164890888

Tax Period

2023-07-01 to 2024-06-30

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298, founded in 1944, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO REPRESENT UNION LABORERS IN THE CONSTRUCTION INDUSTRY.

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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 $5,781,658

Investment Income $34,829

Other Revenue $-69,951

TOTAL REVENUE $5,746,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,911,889

Fundraising Expenses $0

Other Expenses $2,166,212

TOTAL EXPENSES $6,078,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,746,536	$6,081,865	-0.1%
Expenses	$6,078,101	$5,714,772	+0.1%
Net Income	$-331,565	$367,093	-1.9%

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

$3,494,355

Total Directors

Key Employees

$513,541

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE F TRUICKO JR	BUSINESS MANAGER	39.00	Officer	$443,046	$264,118	$707,164
GEORGE S TRUICKO III	ASST BUSINESS MANAGER	39.00	Officer	$371,184	$229,882	$601,066
FRANK DAMIANO JR	SECRETARY/TREASURER	39.00	Officer	$320,376	$218,824	$539,200
JAMES WINSHIP	BUSINESS REPRESENTATIVE	39.00	Officer	$280,338	$210,821	$491,159
WILLIAM FLYNN	VP/BUSINESS REP	40.00	Officer	$280,547	$204,831	$485,378
STEVE AURIGEMA	PRESIDENT	20.00	Officer	$0	$71,830	$359,917
JAMES CORNELL	RECORDING SECRETARY	2.00	Officer	$0	$71,830	$310,471
JASON MARCHETTA	SGT AT ARMS	0.00	Officer	$0	$0	$0
GUY TRUICKO	KEY EMPLOYEE	40.00	Key Emp	$295,353	$218,188	$513,541

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	$5,746,536	$6,078,101	$5,040,408	$-331,565
2023	$6,081,865	$5,714,772	$5,393,982	$367,093
2022	$5,592,648	$5,611,895	$5,016,121	$-19,247
2021	$5,768,663	$5,301,369	$5,024,127	$467,294
2020	$6,087,702	$5,359,080	$4,565,108	$728,622
2019	$5,801,938	$4,852,686	$3,828,211	$949,252
2018	$4,843,326	$5,637,661	$2,878,959	$-794,335

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298