INDEPENDENT LABORATORY EMPLOYEES UNION (EIN 221689686) - 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

1954

Legal Domicile

Principal Officer

MICHAEL MYERS

Phone

9087302088

Tax Period

2019-04-01 to 2020-03-31

INDEPENDENT LABORATORY EMPLOYEES UNION, founded in 1954, is a micro nonprofit that reported $45K in total revenue in fiscal year 2019. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 99% operating deficit.

Mission

LABOR UNION

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $65,105

Investment Income $-19,841

Other Revenue $0

TOTAL REVENUE $45,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,237

Fundraising Expenses $0

Other Expenses $74,812

TOTAL EXPENSES $90,049

Year-over-Year Comparison

	2019	2018	Change
Revenue	$45,264	$62,072	-0.3%
Expenses	$90,049	$139,889	-0.4%
Net Income	$-44,785	$-77,817	-0.4%

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

$13,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MYERS	PRESIDENT	5.00	Officer	$10,776	$0	$10,776
THOMAS FERRO	TREASURER	5.00	Officer	$1,000	$0	$1,000
THOMAS FREDRICKSON	VICE PRESIDE	5.00	Officer	$1,000	$0	$1,000
LYNDA SMITH	SEC'Y	5.00	Officer	$1,000	$0	$1,000

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
2020	$45,264	$90,049	$153,041	$-44,785
2019	$62,072	$139,889	$185,637	$-77,817

INDEPENDENT LABORATORY EMPLOYEES UNION