Laborers' International Union of North America Local 561 (EIN 350415861) - 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

Lee Russell

Phone

8124253191

Tax Period

2025-01-01 to 2025-12-31

Laborers' International Union of North America Local 561, founded in 1936, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2025. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 38% operating margin.

Mission

To provide members with employment referrals, labor services, labor representation and benefits.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,445,431

Investment Income $167,373

Other Revenue $64,512

TOTAL REVENUE $3,677,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,194,421

Fundraising Expenses $0

Program Expenses $2,288,433

Other Expenses $1,094,012

TOTAL EXPENSES $2,288,433

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,677,316	$2,325,452	+0.6%
Expenses	$2,288,433	$1,966,916	+0.2%
Net Income	$1,388,883	$358,536	+2.9%

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

$879,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Angel	President	40.00	Officer	$128,633	$76,699	$205,332
Lee Russell	Sec/Treasurer	40.00	Officer	$107,640	$70,607	$178,247
Daniel Fieth	Vice President	40.00	Officer	$97,799	$67,752	$165,551
Michael Georges	Executive Board	1.00	Officer	$1,500	$0	$1,500
Christopher McCormick	Field Rep/Exc B	40.00	Officer	$96,525	$67,354	$163,879
Connor Griffin	Srg at arms	1.00	Officer	$1,350	$0	$1,350
Carl Meriweather	Executive Board	1.00	Officer	$1,500	$0	$1,500
Brock Buckman	Auditor	1.00	Officer	$1,350	$0	$1,350
Brandon Hall	Rec Secretary	40.00	Officer	$91,797	$66,097	$157,894
Shannon Gasque	Auditor	1.00	Officer	$1,350	$0	$1,350
Joe Rickard	Auditor	1.00	Officer	$1,350	$0	$1,350

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
2025	$3,677,316	$2,288,433	$6,855,150	$1,388,883
2024	$2,325,452	$1,966,916	$5,016,900	$358,536
2023	$2,234,678	$1,852,009	$4,331,522	$382,669
2022	$1,855,532	$1,760,961	$3,574,155	$94,571
2021	$1,803,234	$1,650,866	$3,728,233	$152,368
2020	$1,906,103	$1,815,794	$3,386,020	$90,309
2019	$1,881,998	$1,709,094	$3,097,943	$172,904
2018	$1,940,057	$1,628,474	$2,817,438	$311,583

Laborers' International Union of North America Local 561