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

EIN: 112501979

HEMPSTEAD, NY

Total Revenue
$627,207
Total Expenses
$442,750
Total Assets
$1,315,966
Net Assets
$1,259,567
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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
NY
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.

Program Service Accomplishments

Program 1

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%)

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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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Governance

Voting Members
8
Independent Members
4
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
3
$826,293
Total Directors
8
$2,338,589
Key Employees
2
$945,126
Highest Compensated
0
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
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