LABORERS' INTERNATIONAL UNION OF NORTH AMERICA AFL-CIO #894 (EIN 340308630) - 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

1936

Legal Domicile

Principal Officer

VERNON E FLOYD

Phone

3305356145

Tax Period

2023-01-01 to 2023-12-31

LABORERS' INTERNATIONAL UNION OF NORTH AMERICA AFL-CIO #894, founded in 1936, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $723K, a strong 23% operating margin.

Mission

TO NEGOTIATE FOR JOB RIGHTS.

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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 $2,903,752

Investment Income $233,826

Other Revenue $51,711

TOTAL REVENUE $3,189,289

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,292,287

Fundraising Expenses $0

Other Expenses $1,163,939

TOTAL EXPENSES $2,466,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,189,289	$3,268,049	0.0%
Expenses	$2,466,226	$2,291,712	+0.1%
Net Income	$723,063	$976,337	-0.3%

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

$432,843

Total Directors

$870,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNON E FLOYD	BUSINESS MANAGER	40.00	Director	$154,761	$67,824	$222,585
PHILLIP RALSTON	SECRETARY TREASURER	40.00	Officer Director	$138,531	$63,379	$201,910
CEDRIC SOMMERVILLE	PRESIDENT	40.00	Officer Director	$138,588	$63,379	$201,967
JASON LEGG	EXECUTIVE BOARD	40.00	Director	$138,593	$63,118	$201,711
MATTHEW KORB	RECORDING SECRETARY	4.00	Officer Director	$10,100	$372	$10,472
BRIAN OWENS	VICE PRESIDENT	4.00	Officer Director	$9,500	$372	$9,872
DANIEL PAULUS	EXECUTIVE BOARD	4.00	Director	$10,300	$746	$11,046
KENNY NELOMS	SERGEANT AT ARMS	4.00	Officer Director	$8,250	$372	$8,622
CHARLES BURNER	AUDITOR	1.00	Director	$600	$0	$600
RICHARD JENKINS	AUDITOR	1.00	Director	$600	$0	$600
NICHOLAS STRICKLAND	AUDITOR	1.00	Director	$600	$0	$600
JAMES SMITH	AUDITOR	1.00	Director	$600	$0	$600

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	$3,189,289	$2,466,226	$10,754,512	$723,063
2022	$3,268,049	$2,291,712	$9,627,523	$976,337
2021	$3,052,136	$2,213,790	$9,492,875	$838,346
2020	$2,980,106	$2,139,140	$8,451,749	$840,966
2019	$3,257,167	$2,184,125	$7,344,287	$1,073,042
2018	$3,537,303	$2,004,094	$6,048,311	$1,533,209

LABORERS' INTERNATIONAL UNION OF NORTH AMERICA AFL-CIO #894