LABORERS' DISTRICT COUNCIL PREPAID LEGAL FUND (EIN 232290986) - 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

1983

Legal Domicile

Principal Officer

ALAN PARHAM

Phone

2152362800

Tax Period

2023-11-01 to 2024-10-31

LABORERS' DISTRICT COUNCIL PREPAID LEGAL FUND, founded in 1983, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1000K, a strong 42% operating margin.

Mission

TO PROVIDE PREPAID LEGAL ASSISTANCE TO PARTICIPANTS REPRESENTED BY THE LABORER'S DISTRICT COUNCIL OF THE METROPOLITAN AREA OF PHILADELPHIA & ITS AFFILIATED LOCAL UNIONS

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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 $1,947,540

Investment Income $440,336

Other Revenue $-33,270

TOTAL REVENUE $2,354,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,970

Fundraising Expenses $0

Program Expenses $1,354,934

Other Expenses $469,486

TOTAL EXPENSES $1,354,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,354,606	$2,246,342	+0.0%
Expenses	$1,354,934	$1,057,960	+0.3%
Net Income	$999,672	$1,188,382	-0.2%

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

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

$379,517

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN J CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
RYAN BOYER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES R DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HARPER JR	TRUSTEE	1.00	Director	$0	$0	$0
ALAN PARHAM	FUND COORDINATOR	5.00	Key Emp	$0	$103,737	$379,517

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	$2,354,606	$1,354,934	$12,552,598	$999,672
2023	$2,246,342	$1,057,960	$10,932,614	$1,188,382
2022	$1,957,959	$1,110,434	$9,884,403	$847,525
2021	$2,274,328	$1,113,982	$9,746,708	$1,160,346
2020	$2,181,706	$1,119,195	$8,974,098	$1,062,511
2019	$2,330,773	$1,305,568	$7,810,739	$1,025,205
2018	$2,039,104	$1,177,644	$6,370,136	$861,460

LABORERS' DISTRICT COUNCIL PREPAID LEGAL FUND