YOUNGSTOWN AREA LABOR MANAGEMENT COOPERATION COMMITTEE INC (EIN 341971034) - 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

2008

Legal Domicile

Principal Officer

ERIC CARLSON

Phone

3307265525

Tax Period

2024-01-01 to 2024-12-31

YOUNGSTOWN AREA LABOR MANAGEMENT COOPERATION COMMITTEE INC, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $70K in total revenue in fiscal year 2024. Expenses of $121K exceeded revenue, resulting in a 73% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED AS AN INDUSTRY-WIDE COOPERATION COMMITTEE FOR ANY AND ALL PURPOSES SET FORTH IN SECTION 6(B) OF THE LABOR-MANAGEMENT COOPERATION ACT OF 1978 INCLUDING TO ENCOURAGE AND SUPPORT IMPROVEMENTS IN LABOR-MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS AND ECONOMIC DEVELOPMENT.

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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 $69,740

Investment Income $90

Other Revenue $0

TOTAL REVENUE $69,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,736

Other Expenses $120,736

TOTAL EXPENSES $120,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,830	$73,406	0.0%
Expenses	$120,736	$112,053	+0.1%
Net Income	$-50,906	$-38,647	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CARLSON	CHAIRMAN	1.00	Director	$0	$0	$0
JOHN RAFOTH	VICE CHAIRMAN	1.00	Director	$0	$0	$0
DAN SANTON	TRUSTEE	1.00	Director	$0	$0	$0
CODY HILLIARD	TRUSTEE	1.00	Director	$0	$0	$0
KEN LUCAS	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	$69,830	$120,736	$154,699	$-50,906
2023	$73,406	$112,053	$205,605	$-38,647
2022	$76,289	$86,856	$244,252	$-10,567
2021	$91,878	$119,557	$254,819	$-27,679
2020	$79,425	$74,985	$282,498	$4,440
2019	$69,354	$84,013	$278,058	$-14,659
2018	$65,917	$119,250	$292,717	$-53,333

YOUNGSTOWN AREA LABOR MANAGEMENT COOPERATION COMMITTEE INC