PHILADELPHIA AREA LABOR-MANAGEMENT COMMITTEE INC (EIN 232169929) - 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

1981

Legal Domicile

Principal Officer

ANTHONY WIGGLESWORTH

Phone

2157327476

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA AREA LABOR-MANAGEMENT COMMITTEE INC, founded in 1981, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $983K left a modest 7% surplus.

Mission

PHILADELPHIA AREA LABOR-MANAGEMENT COMMITTEE, INC. (THE COMMITTEE) WAS ESTABLISHED AS A NONPROFIT ENTITY DESIGNED TO IMPROVE LABOR-MANAGEMENT COMMUNICATIONS AND RELATIONS IN THE COMMUNITY, TO SUPPORT THE ESTABLISHMENT OF IN-PLANT LABOR-MANAGEMENT COMMITTEES, TO IMPROVE THE SKILLS AND PRODUCTIVITY OF WORKERS AND MANAGEMENT, AND TO STIMULATE AND PARTICIPATE IN COMMUNITY INDUSTRIAL DEVELOPMENT ACTIVITIES, WITH EQUAL EMPHASIS ON RETAINING EXISTING INDUSTRY AND ATTRACTING NEW INVESTMENT INTO THE AREA.

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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 $836,997

Program Service Revenue $209,050

Investment Income $1,904

Other Revenue $4,717

TOTAL REVENUE $1,052,668

Expense Breakdown

Grants Paid $91

Salaries & Benefits $623,243

Fundraising Expenses $0

Other Expenses $359,651

TOTAL EXPENSES $982,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,052,668	$1,154,702	-0.1%
Expenses	$982,985	$1,053,756	-0.1%
Net Income	$69,683	$100,946	-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

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

$254,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY WIGGLESWORTH	EXECUTIVE DIRECTOR	40.00	Officer	$202,700	$51,895	$254,595
FRANCIS J PETRICCIONE	PROGRAM DIRECTOR	40.00	Highest	$130,000	$27,198	$157,198

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	$1,052,668	$982,985	$626,607	$69,683
2023	$1,154,702	$1,053,756	$728,120	$100,946
2022	$449,046	$838,120	$684,992	$-389,074
2021	$564,780	$829,725	$572,343	$-264,945
2020	$664,305	$829,409	$808,084	$-165,104
2019	$864,823	$856,881	$958,111	$7,942
2018	$1,247,750	$864,454	$1,081,761	$383,296

PHILADELPHIA AREA LABOR-MANAGEMENT COMMITTEE INC