LABORERS LOCAL NO 91 EDUCATIONAL &… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

RANDY PALLADINO

Phone

7162974722

Tax Period

2024-06-01 to 2025-05-31

LABORERS LOCAL NO 91 EDUCATIONAL & TRAINING FUND, founded in 1986, is a small nonprofit in the Education sector that reported $634K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $206K, a strong 32% operating margin.

Mission

TO PROVIDE CONTINUING EDUCATIONAL AND TRAINING CLASSES AND ACTIVITIES TO PROMOTE, REFRESH, AND EXPAND THE SKILLS AND ABILITIES OF LABORERS IN THE CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $322,140 Revenue: $580,050

THE LABORERS TRAINING PROGRAM PROVIDED CLASSROOM INSTRUCTION AND ON THE JOB TRAINING FOR INDIVIDUALS ACCEPTED INTO THE APPRENTICE TRAINING PROGRAM. THE TRAINING PROGRAM ALSO PROVIDED CONTINUING...

THE LABORERS TRAINING PROGRAM PROVIDED CLASSROOM INSTRUCTION AND ON THE JOB TRAINING FOR INDIVIDUALS ACCEPTED INTO THE APPRENTICE TRAINING PROGRAM. THE TRAINING PROGRAM ALSO PROVIDED CONTINUING TRAINING FOR JOURNEYMEN 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 $580,050

Investment Income $24,613

Other Revenue $28,855

TOTAL REVENUE $633,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,425

Fundraising Expenses $0

Program Expenses $322,140

Other Expenses $174,413

TOTAL EXPENSES $427,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$633,518	$537,112	+0.2%
Expenses	$427,838	$378,893	+0.1%
Net Income	$205,680	$158,219	+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

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

$243,326

Total Directors

$213,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY PALLADINO	ADMINISTRATO	40.00	Officer	$115,558	$108,823	$243,326
WILLIAM GRACE	TRUSTEE	2.00	Director	$0	$117,995	$213,908
THOMAS CEFALU	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE CHURAKOS	TRUSTEE (FOR	1.00	Director	$0	$0	$0
ANTHONY CIMATO	TRUSTEE	1.00	Director	$0	$0	$0
MIKE MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
MARIO NERI	TRUSTEE	1.00	Director	$0	$0	$0
H RICHARD PALLADINO	TRUSTEE	1.00	Director	$0	$0	$0
HERBERT L STEVENSON	TRUSTEE (FOR	1.00	Director	$0	$0	$0

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	$633,518	$427,838	$2,200,103	$205,680
2024	$537,112	$378,893	$1,989,033	$158,219
2023	$579,976	$408,693	$1,818,847	$171,283
2022	$616,494	$392,176	$1,647,682	$224,318
2021	$442,625	$379,233	$1,797,161	$63,392
2020	$642,295	$410,504	$1,736,879	$231,791
2019	$521,484	$380,824	$1,543,107	$140,660

LABORERS LOCAL NO 91 EDUCATIONAL & TRAINING FUND