CONSTRUCTION GENERAL LABORERS AND … - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

JOSEPH LAQUATRA

Phone

4122812640

Tax Period

2025-01-01 to 2025-12-31

CONSTRUCTION GENERAL LABORERS AND MATERIAL HANDLERS LOCAL NO 1058, founded in 1937, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 41% operating margin.

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.

Program Service Accomplishments

Program 1

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 $6,393,304

Investment Income $1,885,706

Other Revenue $131,305

TOTAL REVENUE $8,410,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,674,280

Fundraising Expenses $0

Other Expenses $2,264,502

TOTAL EXPENSES $4,938,782

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,410,315	$7,079,779	+0.2%
Expenses	$4,938,782	$4,608,265	+0.1%
Net Income	$3,471,533	$2,471,514	+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

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

$1,642,375

Total Directors

$1,258,098

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH LAQUATRA	BUSINESS MANAGER-BEG PRESIDENT-END	40.00	Officer Director	$163,708	$77,780	$241,488
JOHN DUFFEY III	SECRETARY/TREASURER	40.00	Officer Director	$128,086	$94,154	$222,240
PHILIP AMERIS	PRESIDENT-BEG	1.00	Officer Director	$38,189	$5,102	$43,291
DOUGLAS SUTTER JR	RECORDING SECRETARY	40.00	Officer Director	$128,086	$94,154	$222,240
JASON NEE	VICE-PRESIDENT	40.00	Officer Director	$128,086	$77,090	$205,176
PHILIP AMERIS JR	E BOARD-BEG/BUSI MGR-END	40.00	Officer Director	$202,325	$115,774	$318,099
MICHAEL LAQUATRA	EXECUTIVE BOARD	1.00	Officer Director	$3,600	$1,964	$5,564
NORDON SCOTT	AUDITOR	1.00	Officer	$1,500	$0	$1,500
MARC FERRARI	SERGEANT AT ARMS	1.00	Officer	$2,220	$0	$2,220
IVAN TOMASIC	AUDITOR & BUILDING SUPERVI	40.00	Officer	$92,415	$66,949	$159,364
STEPHEN SANTUCCI	AUDITOR-BEG/E BOARD-END	40.00	Officer	$126,769	$93,799	$220,568
JAMES P AMERIS	AUDITOR-END	40.00	Officer	$625	$0	$625

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	$8,410,315	$4,938,782	$37,817,775	$3,471,533
2024	$7,079,779	$4,608,265	$34,012,188	$2,471,514
2023	$6,429,550	$4,338,804	$30,764,041	$2,090,746
2022	$6,337,856	$4,185,881	$27,488,329	$2,151,975
2021	$6,081,432	$4,070,665	$27,668,063	$2,010,767
2020	$6,084,821	$3,524,588	$25,149,618	$2,560,233
2019	$7,220,435	$3,353,012	$22,064,147	$3,867,423
2018	$5,831,311	$3,719,825	$17,692,898	$2,111,486

CONSTRUCTION GENERAL LABORERS AND MATERIAL HANDLERS LOCAL NO 1058