LABORERS' 563 BUILDING CORPORATION (EIN 237161548) - 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

1971

Legal Domicile

Principal Officer

DANIEL BRADY

Phone

6127816933

Tax Period

2024-07-01 to 2025-06-30

LABORERS' 563 BUILDING CORPORATION, founded in 1971, is a small nonprofit that reported $770K in total revenue in fiscal year 2024. Revenue surged 789% from the prior year, signaling strong growth momentum. Net assets of $11.3M represent 175 months of operating reserves.

Mission

THE BUILDING CORPORATION OWNS THE BUILDING WHICH IS THE HEADQUARTERS FOR LOCAL UNION 563, WHOSE PURPOSE IS TO SUPPORT WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

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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 $100,717

Investment Income $684,532

Other Revenue $-15,654

TOTAL REVENUE $769,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $809,460

TOTAL EXPENSES $809,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$769,595	$86,527	+7.9%
Expenses	$809,460	$338,831	+1.4%
Net Income	$-39,865	$-252,304	-0.8%

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

$517,127

Total Directors

$633,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE FOWLER	BUSINESS MAN	1.00	Officer Director	$0	$59,225	$255,204
DANIEL BRADY	FIN SEC/TREA	1.00	Officer Director	$0	$57,405	$242,473
KEITH PETERSEN	ASST BUSINES	1.00	Highest	$0	$53,926	$217,719
NICHOLAS SLAVICEK	DIRECTOR OF	1.00	Highest	$0	$52,949	$209,722
STACEY KARELS	BUSINESS AGE	1.00	Highest	$0	$51,802	$201,607
TROY COX	BUSINESS AGE	1.00	Highest	$0	$51,072	$197,402
TODD SORTER	BUSINESS AGE	1.00	Highest	$0	$51,036	$196,897
KORY KREAGER	FMR AUDITOR	0.50	Director	$0	$42,084	$104,889
MARK ASHER	PRESIDENT	1.00	Officer Director	$0	$0	$4,900
DEAN MILLS	VICE PRESIDE	1.00	Officer Director	$0	$0	$4,675
TODD MUTCH	RECORDING SE	1.00	Officer Director	$0	$0	$4,675
OCTAVIO CHUNG	BOARD MEMBER	1.00	Director	$0	$0	$4,400
LAURIE JOHNSON	FMR PRESIDEN	1.00	Officer Director	$0	$0	$3,000
GWEN COOK	BOARD MEMBER	1.00	Director	$0	$0	$2,600
CAROLYN WOOD	AUDITOR	0.50	Director	$0	$0	$2,463
KRIS KLEIN	SERGEANT-AT-	1.00	Officer Director	$0	$0	$2,200
JOHN KAPPEDAHL-O'BRIEN	AUDITOR	0.50	Director	$0	$0	$935
CARLY WORDELMAN	AUDITOR	0.50	Director	$0	$0	$800

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
2025	$769,595	$809,460	$14,211,030	$-39,865
2024	$86,527	$338,831	$14,276,854	$-252,304
2023	$95,962	$337,859	$5,385,326	$-241,897
2022	$89,438	$178,717	$3,227,223	$-89,279
2021	$84,574	$166,971	$3,316,623	$-82,397
2020	$111,404	$150,039	$3,199,258	$-38,635
2019	$101,164	$136,880	$2,337,444	$-35,716

LABORERS' 563 BUILDING CORPORATION