BUILDING AND CONSTRUCTION LABORERS… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

THOMAS BYRNE

Phone

2168815901

Tax Period

2024-01-01 to 2024-12-31

BUILDING AND CONSTRUCTION LABORERS LOCAL NO 310 CONTINUING EDUCATION PROGRAM INC, founded in 1994, is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $448K represent 55 months of operating reserves.

Mission

ORGANIZED EXCLUSIVELY FOR EDUCATIONAL ACADEMIC SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $101,541

EDUCATIONAL ACADEMIC SCHOLARSHIPS ARE AWARDED TO ELIGIBLE INDIVIDUALS FOR THE SOLE PURPOSE OF HIGHER EDUCATION.

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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 $89,376

Program Service Revenue $0

Investment Income $7,345

Other Revenue $331

TOTAL REVENUE $97,052

Expense Breakdown

Grants Paid $101,541

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,541

Other Expenses $2,806

TOTAL EXPENSES $104,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,052	$109,651	-0.1%
Expenses	$104,347	$114,962	-0.1%
Net Income	$-7,295	$-5,311	+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

Employees

N/A

Volunteers

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

$824,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERENCE P JOYCE	TRUSTEE	1.00	Director	$0	$111,278	$330,319
THOMAS BYRNE	TRUSTEE	1.00	Director	$0	$96,747	$267,973
JOHN SOEDER	TRUSTEE	1.00	Director	$0	$88,917	$226,124
ED FOX	TRUSTEE	1.00	Director	$0	$0	$0
TIM HYLAND	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
2024	$97,052	$104,347	$448,044	$-7,295
2023	$109,651	$114,962	$447,634	$-5,311
2022	$107,928	$116,554	$442,233	$-8,626
2021	$94,792	$153,284	$453,347	$-58,492
2020	$94,456	$137,962	$516,631	$-43,506
2019	$117,673	$138,572	$579,691	$-20,899
2018	$115,068	$116,695	$576,121	$-1,627

BUILDING AND CONSTRUCTION LABORERS LOCAL NO 310 CONTINUING EDUCATION PROGRAM INC