CONSTRUCTION GENERAL LABORERS AND MATERIAL HANDLERS LOCAL NO 1058 (EIN 250500965) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

PHILIP AMERIS

Phone

4122812640

Tax Period

2024-01-01 to 2024-12-31

CONSTRUCTION GENERAL LABORERS AND MATERIAL HANDLERS LOCAL NO 1058, founded in 1937, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 35% 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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,283,600

Investment Income $796,179

Other Revenue $0

TOTAL REVENUE $7,079,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,564,527

Fundraising Expenses $0

Other Expenses $2,043,738

TOTAL EXPENSES $4,608,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,079,779	$6,429,550	+0.1%
Expenses	$4,608,265	$4,338,804	+0.1%
Net Income	$2,471,514	$2,090,746	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,675,959

Total Directors

$1,318,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH LAQUATRA	BUSINESS MANAGER	40.00	Officer Director	$253,672	$152,013	$405,685
JOHN DUFFEY III	SECRETARY/TREASURER	40.00	Officer Director	$116,228	$90,532	$206,760
PHILIP AMERIS	PRESIDENT	1.00	Officer Director	$24,720	$8,084	$32,804
DOUGLAS SUTTER JR	RECORDING SECRETARY	40.00	Officer Director	$116,228	$90,532	$206,760
JASON NEE	VICE-PRESIDENT	40.00	Officer Director	$116,228	$76,317	$192,545
PHILIP AMERIS JR	ASST BUS MGR & EXECUTIVE B	40.00	Officer Director	$158,290	$109,618	$267,908
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	$84,750	$64,669	$149,419
STEPHEN SANTUCCI	AUDITOR & ORGANIZER	40.00	Officer	$114,872	$89,922	$204,794

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	$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