JOINT LABOR MANAGEMENT COOPERATION LOCAL UNION NO 164 (EIN 262693287) - 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

2008

Legal Domicile

Principal Officer

ROBERT FARINA

Phone

9732284200

Tax Period

2023-01-01 to 2023-12-31

JOINT LABOR MANAGEMENT COOPERATION LOCAL UNION NO 164, founded in 2008, is a small nonprofit that reported $622K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE FUND WAS SET UP TO PROVIDE DRUG TESTING OF LOCAL 164 MEMBERS AND OTHER SERVICES INORDER TO PROMOTE LOCAL 164 AND THE ELECTRICAL INDUSTRY.

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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 $571,987

Investment Income $50,161

Other Revenue $0

TOTAL REVENUE $622,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $508,905

TOTAL EXPENSES $673,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$622,148	$685,445	-0.1%
Expenses	$673,773	$700,366	0.0%
Net Income	$-51,625	$-14,921	+2.5%

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

Total Directors

$775,817

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ESTABROOK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BIOLETTI	UNION TRUSTEE	1.00	Director	$0	$0	$0
STANLEY JAWORSKI	UNION TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GUMBLE	UNION TRUSTEE	1.00	Director	$0	$156,171	$415,144
TOM JOHNSTON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TERRY CRAIG	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TOM SULLIVAN	UNION TRUSTEE	1.00	Director	$0	$135,280	$360,673

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	No data	No data	No data	No data
2023	$622,148	$673,773	$1,192,946	$-51,625
2022	$685,445	$700,366	$1,245,530	$-14,921
2021	$637,299	$669,954	$1,263,350	$-32,655
2020	$536,033	$689,208	$1,294,486	$-153,175
2019	$664,381	$577,287	$1,448,482	$87,094
2018	$579,966	$556,660	$1,408,907	$23,306

JOINT LABOR MANAGEMENT COOPERATION LOCAL UNION NO 164