LABOR MANAGEMENT COOPERATION FUND

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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

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.

Program Service Accomplishments

Program 1

Expenses: $292,056

TO PROTECT THE INTERESTS OF THE UNIONIZED PLUMBING, PIPEFITTING AND SPRINKLERFITTING INDUSTRY 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

$8,712

Key Employees

Highest Compensated

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