LABORERS' INTERNATIONAL UNION LOCAL 860 (EIN 340308635) - 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

1937

Legal Domicile

Principal Officer

ANTHONY D LIBERATORE JR

Phone

2164321022

Tax Period

2023-01-01 to 2023-12-31

LABORERS' INTERNATIONAL UNION LOCAL 860, founded in 1937, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $7.0M left a modest 12% surplus.

Mission

THE LOCAL WAS ORGANIZED TO AID ITS MEMBERS BY SECURING (CONTINUED ON SCHEDULE O)IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING. ITS MEMBERS ARE IN THE HEAVY HIGHWAY AND UTILITIES CONSTRUCTION TRADES IN CUYAHOGA, GEAUGA, AND LAKE COUNTIES IN THE STATE OF OHIO.

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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 $6,955,690

Investment Income $556,391

Other Revenue $408,089

TOTAL REVENUE $7,920,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,738,190

Fundraising Expenses $0

Other Expenses $2,902,691

TOTAL EXPENSES $6,975,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,920,170	$6,871,725	+0.2%
Expenses	$6,975,596	$6,215,079	+0.1%
Net Income	$944,574	$656,646	+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

$1,349,168

Total Directors

$2,363,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY D LIBERATORE JR	BUSINESS MGR/SECRETARY-TREASURER	40.00	Officer Director	$504,075	$210,111	$714,186
JOHN G PERRI	RECORDING SECRETARY	40.00	Officer Director	$243,850	$121,201	$365,051
LEONARD D RIZZO	FIELD REP/EXECUTIVE BOARD	40.00	Director	$191,675	$101,176	$292,851
MALLORY V JACKSON	FIELD REP/EXECUTIVE BOARD	40.00	Director	$338,870	$104,454	$443,324
KARL WELMS	FIELD REP/EXECUTIVE BOARD	40.00	Director	$181,475	$96,615	$278,090
COLIN SIKON	BUSINESS REP/VP/EXEC BOARD	40.00	Officer Director	$128,071	$75,852	$203,923
DAVE FERRIS	PRESIDENT	20.00	Officer Director	$31,502	$12,752	$44,254
RICHARD A BRADLEY	SERGEANT AT ARMS	20.00	Officer Director	$16,502	$5,252	$21,754
MICHAEL PICCIRILLO	BUSINESS REPRESENTATIVE	40.00	Highest	$142,350	$81,421	$223,771
FIORE BUCCI	CONTROLLER	40.00	Highest	$166,938	$83,634	$250,572
WILLIAM CONSOLO	BUSINESS REPRESENTATIVE	40.00	Highest	$113,067	$70,001	$183,068
NADINE MORANA	ADMINISTRATIVE	40.00	Highest	$115,270	$71,055	$186,325

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	$7,920,170	$6,975,596	$15,465,912	$944,574
2022	$6,871,725	$6,215,079	$13,973,254	$656,646
2021	$7,131,165	$6,028,355	$14,309,708	$1,102,810
2020	$6,324,893	$5,552,689	$12,649,651	$772,204
2019	$6,277,061	$5,217,896	$10,689,595	$1,059,165
2018	$5,824,302	$4,955,823	$9,165,980	$868,479

LABORERS' INTERNATIONAL UNION LOCAL 860