LABORERS INTERNATIONAL UNION OF NA LOCAL UNION NO 60 (EIN 131739701) - 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

1928

Legal Domicile

Principal Officer

ANTHONY ASCENCAO

Phone

9147690300

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTERNATIONAL UNION OF NA LOCAL UNION NO 60, founded in 1928, is a community nonprofit in the Employment sector that reported $5.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 38% operating margin.

Mission

NEGOTIATING AND ORGANIZING FUNCTIONS TO PROVIDE JOB OPPORTUNITIES TO ITS MEMBERS.

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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 $4,477,438

Investment Income $860,624

Other Revenue $13,017

TOTAL REVENUE $5,351,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,521,852

Fundraising Expenses $0

Other Expenses $1,821,834

TOTAL EXPENSES $3,343,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,351,079	$4,985,139	+0.1%
Expenses	$3,343,686	$3,059,410	+0.1%
Net Income	$2,007,393	$1,925,729	+0.0%

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

N/A

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

$2,117,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ASCENCAO	BUSINESS MANAGER	38.00	Officer	$309,664	$180,576	$490,240
FRANK BISIGNANO	PRESIDENT	8.00	Officer	$16,050	$146,087	$388,795
JACINTO FRAGOSO	RECORDING SECRETARY	39.00	Officer	$190,066	$121,167	$311,233
MICHAEL MOREIRA	SECRETARY/TREASURER	39.00	Officer	$190,059	$121,167	$311,226
CARLOS GONZALEZ	VICE PRESIDENT	1.00	Officer	$6,804	$57,840	$217,469
ANDREW FERRARO	EXECUTIVE BOARD	1.00	Officer	$4,944	$57,677	$211,669
MICHAEL CRUZ	AUDITOR	1.00	Officer	$1,080	$48,848	$176,318
JOSEPH SCIPIONI	EXECUTIVE BOARD	1.00	Officer	$4,944	$0	$4,944
DAVID FICKERIA	SGT AT ARMS	1.00	Officer	$3,708	$0	$3,708
ROY RIBEIRO	AUDITOR	1.00	Officer	$1,080	$0	$1,080
KEITH GADDIST	AUDITOR	1.00	Officer	$1,080	$0	$1,080

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	$5,351,079	$3,343,686	$25,173,011	$2,007,393
2023	$4,985,139	$3,059,410	$22,475,260	$1,925,729
2022	$4,625,066	$3,088,312	$19,767,379	$1,536,754
2021	$4,884,018	$2,915,281	$19,095,438	$1,968,737
2020	$4,947,526	$2,719,403	$16,867,958	$2,228,123
2019	$4,867,319	$2,845,869	$17,236,435	$2,021,450
2018	$4,589,687	$2,692,566	$13,409,836	$1,897,121

LABORERS INTERNATIONAL UNION OF NA LOCAL UNION NO 60