LABORERS LOCAL 500 BUILDING CORP (EIN 341454156) - 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

1919

Legal Domicile

Principal Officer

DAVID FLEETWOOD

Phone

4192433279

Tax Period

2024-01-01 to 2024-12-31

LABORERS LOCAL 500 BUILDING CORP, founded in 1919, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $3.9M represent 121 months of operating reserves.

Mission

TO SERVE AS A HOLDING CORPORATION FOR REAL ESTATE ASSETS OF LABORERS LOCAL UNION NO. 500.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $384,348

Investment Income $99

Other Revenue $1,961

TOTAL REVENUE $386,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,927

Fundraising Expenses $0

Other Expenses $344,994

TOTAL EXPENSES $380,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,408	$499,780	-0.2%
Expenses	$380,921	$311,814	+0.2%
Net Income	$5,487	$187,966	-1.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ESTIS	PRESIDENT	2.00	Officer	$0	$0	$0
DAVID FLEETWOOD	BUSINESS MANAGER	2.00	Officer	$0	$0	$0
KAREEM GRANT	VICE PRESIDENT	2.00	Officer	$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
2024	$386,408	$380,921	$4,151,921	$5,487
2023	$499,780	$311,814	$4,236,228	$187,966
2022	$379,947	$281,041	$4,133,693	$98,906
2021	$234,761	$278,300	$4,118,605	$-43,539
2020	$928,970	$247,550	$4,244,294	$681,420
2019	$1,385,446	$189,443	$3,650,240	$1,196,003
2018	$423,861	$228,403	$2,529,656	$195,458

LABORERS LOCAL 500 BUILDING CORP