DISTRICT COUNCIL 11 LABOR MANAGEMENT COOPERATIVE INITIATIVE (EIN 207539819) - 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

2006

Legal Domicile

Principal Officer

JASON WERTHMAN

Phone

8606130200

Tax Period

2023-01-01 to 2023-12-31

DISTRICT COUNCIL 11 LABOR MANAGEMENT COOPERATIVE INITIATIVE, founded in 2006, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $378K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ADVANCE THE COLLECTIVELY BARGAINED FINISHING INDUSTRIES THROUGH COMMUNICATION, TRUST AND MUTUAL RESPECT BETWEEN THE IUPAT AND THE FINISHING CONTRACTORS' ASSOCIATION, AND ALL THE SIGNATORY EMPLOYERS OF THE IUPAT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $328,347

Investment Income $4,993

Other Revenue $0

TOTAL REVENUE $333,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $378,242

TOTAL EXPENSES $378,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,340	$279,054	+0.2%
Expenses	$378,242	$341,823	+0.1%
Net Income	$-44,902	$-62,769	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM MACKENZIE	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ANDY MELE	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN KELLEY	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MARK VERITY	LABOR TRUSTEE (P)	2.00	Director	$0	$0	$0
ROBERT MASSEY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JASON WERTHMAN	LABOR TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH FAZZINO	LABOR TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$333,340	$378,242	$642,215	$-44,902
2022	$279,054	$341,823	$687,117	$-62,769
2021	$296,669	$225,505	$749,886	$71,164
2020	$323,605	$261,450	$678,722	$62,155
2018	$415,625	$425,450	$554,993	$-9,825

DISTRICT COUNCIL 11 LABOR MANAGEMENT COOPERATIVE INITIATIVE