GREATER NY LABORERS & EMPLOYERS COOPERATION & EDUCATION FUND (EIN 133988867) - 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

1998

Legal Domicile

Phone

2124529300

Tax Period

2024-01-01 to 2024-12-31

GREATER NY LABORERS & EMPLOYERS COOPERATION & EDUCATION FUND, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO IMPROVE COMMUNICATIONS BETWEEN EMPLOYEES, THEIR REPRESENTATIVES, AND EMPLOYERS IN THE BUILDING INDUSTRY AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.

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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 $3,691,826

Investment Income $134,795

Other Revenue $0

TOTAL REVENUE $3,826,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,943,092

Fundraising Expenses $0

Other Expenses $1,908,119

TOTAL EXPENSES $3,851,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,826,621	$4,086,280	-0.1%
Expenses	$3,851,211	$3,899,019	0.0%
Net Income	$-24,590	$187,261	-1.1%

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

$357,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN FLANAGAN	TRUSTEE - THRU 4/24	1.00	Director	$0	$0	$0
PAWEL GRUCHACZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN O'HARE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PROHASKA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN VIRGA	TRUSTEE - THRU 6/24	1.00	Director	$0	$0	$0
MICHAEL E HELLSTROM	TRUSTEE	1.00	Director	$0	$0	$0
DAVE BOLGER	TRUSTEE/INTERIM DIRECTOR - EFF 4/24	1.00	Director	$0	$0	$0
CRAIG NOLLER	TRUSTEE - EFF 6/24	1.00	Director	$0	$0	$0
BASIL DEAN ANGELAKOS	DIRECTOR - THRU 4/24	40.00	Officer	$318,957	$38,600	$357,557
JUSTICE FAVOR	DIR OF STRAT PARTNERSHIP	40.00	Highest	$188,403	$102,490	$290,893
SANDRA MORAN	ADMINISTRATOR	40.00	Highest	$157,453	$93,454	$250,907
JEFFREY W RAE	NEW MEDIA COMMUNICATIONS C	40.00	Highest	$144,339	$89,651	$233,990
REBECCA LAMORTE	LEGISLATIVE & COMM COORD	40.00	Highest	$108,530	$42,093	$150,623
KARLA CRUZ	ASST DIR OF LEGIS & POLICY	40.00	Highest	$140,077	$88,415	$228,492

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	$3,826,621	$3,851,211	$7,632,991	$-24,590
2023	$4,086,280	$3,899,019	$7,508,968	$187,261
2022	$3,913,600	$3,834,055	$7,051,756	$79,545
2021	$3,828,081	$3,738,298	$6,359,222	$89,783
2020	$3,247,885	$3,752,313	$6,224,167	$-504,428
2019	$4,603,454	$4,470,923	$6,602,248	$132,531
2018	$4,413,947	$4,248,573	$6,401,055	$165,374

GREATER NY LABORERS & EMPLOYERS COOPERATION & EDUCATION FUND