LABOR MANAGEMENT COOPERATION FUND

EIN: 204499834 Employment

GLENS FALLS, NY

Total Revenue
$224,979
Total Expenses
$301,568
Total Assets
$35,563
Net Assets
$35,563
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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
2006
Legal Domicile
NY
Principal Officer
MICHAEL JARVIS JR
Phone
5187920321
Tax Period
2024-01-01 to 2024-12-31

LABOR MANAGEMENT COOPERATION FUND, founded in 2006, is a small nonprofit in the Employment sector that reported $225K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $302K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO SERVE AND GUARD THE INTERESTS OF ITS AFFILIATED UNIONS IN NEW YORK STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $224,979
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $292,056
Other Expenses $301,568
TOTAL EXPENSES $301,568

Year-over-Year Comparison

2024 2023 Change
Revenue $224,979 $119,460 +0.9%
Expenses $301,568 $229,248 +0.3%
Net Income $-76,589 $-109,788 -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

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Governance

Voting Members
6
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
0
$0
Total Directors
6
$8,712
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KANE ARMISTEAD MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT BECK MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT SYNDER JR MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
JOHN J MURPHY FUND TRUSTEE 1.00
Director
$0 $0 $0
GREGORY LANCETTE FUND TRUSTEE 1.00
Director
$0 $0 $4,356
MICHAEL JARVIS FUND TRUSTEE 5.00
Director
$0 $0 $4,356
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 $224,979 $301,568 $35,563 $-76,589
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