LOCAL 1010 LABORERS EMPLOYERS COOPERATION AND EDUCATION TRUST

EIN: 273157589 Employment

WHITESTONE, NY

Total Revenue
$2,669,075
Total Expenses
$2,045,851
Total Assets
$9,075,177
Net Assets
$9,040,984
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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
2010
Legal Domicile
NY
Phone
7188863310
Tax Period
2023-07-01 to 2024-06-30

LOCAL 1010 LABORERS EMPLOYERS COOPERATION AND EDUCATION TRUST, founded in 2010, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $623K, a strong 23% operating margin.

Mission

TO IMPROVE COMMUNICATIONS BETWEEN EMPLOYERS, THEIR REPRESENTATIVES, AND EMPLOYEES IN THE CONSTRUCTION INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,584,563
Investment Income $84,512
Other Revenue $0
TOTAL REVENUE $2,669,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,030,496
Fundraising Expenses $0
Other Expenses $1,015,355
TOTAL EXPENSES $2,045,851

Year-over-Year Comparison

2023 2022 Change
Revenue $2,669,075 $2,163,400 +0.2%
Expenses $2,045,851 $2,028,522 +0.0%
Net Income $623,224 $134,878 +3.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
5
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
$338,594
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR RIZZO DIRECTOR 40.00
Officer
$221,338 $117,256 $338,594
JENNIE ENCALADA-MALINOWSKI EMPLOYEE 40.00
Highest
$154,741 $84,712 $239,453
CHRISTOPHER J LOSCALZO EMPLOYEE 40.00
Highest
$133,379 $91,566 $224,945
CARLA LOSACLO EMPLOYEE 40.00
Highest
$94,451 $81,374 $175,825
KEITH LOSCALZO UNION TRUSTEE 1.00
Director
$0 $0 $0
FRANCISCO FERNANDEZ UNION TRUSTEE 1.00
Director
$0 $0 $0
CAROL SIGMOND EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT WESSELS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $2,669,075 $2,045,851 $9,075,177 $623,224
2023 $2,163,400 $2,028,522 $7,917,087 $134,878
2022 $2,498,804 $1,693,214 $7,381,849 $805,590
2021 $2,189,024 $1,351,602 $7,603,661 $837,422
2020 $2,889,664 $1,451,250 $6,278,659 $1,438,414
2019 $2,761,797 $1,304,238 $4,809,476 $1,457,559
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