LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES LEGAL SERVICES FUND (EIN 112501979) - 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

1978

Legal Domicile

Principal Officer

ANNALISA DEFALCO

Phone

5164893644

Tax Period

2023-07-01 to 2024-06-30

LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES LEGAL SERVICES FUND, founded in 1978, is a small nonprofit that reported $627K in total revenue in fiscal year 2023. The organization ran a surplus of $184K, a strong 29% operating margin.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE LEGAL SERVICE BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $575,757

Investment Income $51,450

Other Revenue $0

TOTAL REVENUE $627,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,725

Fundraising Expenses $0

Other Expenses $130,578

TOTAL EXPENSES $442,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,207	$597,225	+0.1%
Expenses	$442,750	$454,367	0.0%
Net Income	$184,457	$142,858	+0.3%

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

$826,293

Total Directors

$2,338,589

Key Employees

$945,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE F TRUICKO JR	UNION TRUSTEE	1.00	Director	$0	$264,118	$707,164
GEORGE S TRUICKO III	UNION TRUSTEE	1.00	Director	$0	$229,882	$601,066
FRANK DAMIANO JR	UNION TRUSTEE	1.00	Director	$0	$218,824	$539,200
JAMES WINSHIP	UNION TRUSTEE	1.00	Director	$0	$210,821	$491,159
PHILIP BEYER	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
DONNA DEFEDE	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
JASON GOLDEN	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
MARC HERBST	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
JAMES CORNELL	FUND OFFICER	1.00	Officer	$0	$71,830	$310,471
ROBIN SHERMAN	FUND OFFICER	1.00	Officer	$0	$71,830	$312,293
SAMANTHA LAYTON	FUND OFFICER	1.00	Officer	$0	$53,878	$203,529
GUY TRUICKO	KEY EMPLOYEE	1.00	Key Emp	$0	$218,188	$513,541
ANNALISA DEFALCO	FUND ADMINISTRATOR	1.00	Key Emp	$0	$71,830	$431,585

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	$627,207	$442,750	$1,315,966	$184,457
2023	$597,225	$454,367	$1,123,954	$142,858
2022	$574,120	$459,403	$933,639	$114,717
2021	$553,831	$449,697	$818,560	$104,134
2020	$597,879	$479,693	$714,431	$118,186
2019	$579,918	$462,298	$597,720	$117,620
2018	$545,601	$425,469	$505,963	$120,132

LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES LEGAL SERVICES FUND