LABORERS INTERNATIONAL UNION LOCAL UNION 824 (EIN 240790534) - 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

1940

Legal Domicile

Principal Officer

JEFFREY HORNER

Phone

8143554161

Tax Period

2025-01-01 to 2025-12-31

LABORERS INTERNATIONAL UNION LOCAL UNION 824, founded in 1940, is a small nonprofit that reported $319K in total revenue in fiscal year 2025.

Mission

TO IMPROVE THE ECONOMIC STANDARDS AND WORKING CONDITIONS OF ITS MEMBERS THROUGH COLLECTIVE BARGAINING WITH EMPLOYERS. THE UNION NEGOTIATES LABOR CONTRACTS FOR ITS MEMBERS PROVIDING COMPETITIVE WAGES, HEALTH AND RETIREMENT BENEFITS, AND SAFE WORKING CONDITIONS AND REPRESENTS ITS MEMBERS IN DISPUTES WITH MANAGEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $315,117

Investment Income $4,051

Other Revenue $0

TOTAL REVENUE $319,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,669

Fundraising Expenses $0

Other Expenses $94,414

TOTAL EXPENSES $336,083

Year-over-Year Comparison

	2025	2024	Change
Revenue	$319,168	$320,003	0.0%
Expenses	$336,083	$342,248	0.0%
Net Income	$-16,915	$-22,245	-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

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

$199,542

Total Directors

$7,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HAVENS	PRESIDENT	1.00	Officer Director	$1,100	$0	$1,100
EDWIN RHOADES	VICE-PRESIDENT	1.00	Officer Director	$1,020	$0	$1,020
BARRY YOUNG	EXECUTIVE BOARD	1.00	Officer Director	$1,000	$0	$1,000
ALBERT YOUNG III	SECRETARY-TREASURER	1.00	Officer Director	$1,200	$0	$1,200
CHRISTIAN BEVERIDGE	RECORDING SECRETARY	1.00	Officer Director	$1,100	$0	$1,100
FRANK A MINIELLI	EXECUTIVE BOARD MEMBER	1.00	Officer Director	$1,100	$0	$1,100
RICHARD BUTLER	SGT-AT-ARMS	1.00	Officer Director	$1,100	$0	$1,100
JEFFREY HORNER	BUSINESS MANAGER	40.00	Officer	$106,646	$84,356	$191,002
RICHARD J PROBST	AUDITOR	1.00	Officer	$400	$0	$400
BLAKE GALVLOCK	AUDITOR	1.00	Officer	$360	$0	$360
TERESA J REESE	AUDITOR	1.00	Officer	$160	$0	$160

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	$319,168	$336,083	$581,594	$-16,915
2024	No data	No data	No data	No data
2023	$359,089	$317,557	$619,389	$41,532
2022	$319,963	$304,824	$578,614	$15,139
2021	$506,742	$306,919	$563,853	$199,823
2020	$284,329	$293,601	$363,422	$-9,272
2019	$310,294	$302,554	$372,085	$7,740
2018	$318,267	$312,112	$360,505	$6,155

LABORERS INTERNATIONAL UNION LOCAL UNION 824