LABOR MANAGEMENT COOPERATIVE COMMITTEE OF SOUTH BEND & VICINITY (EIN 351855897) - 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

1997

Legal Domicile

Principal Officer

MATTHEW LAFREE

Phone

2198723151

Tax Period

2024-04-01 to 2025-03-31

LABOR MANAGEMENT COOPERATIVE COMMITTEE OF SOUTH BEND & VICINITY, founded in 1997, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 29% operating margin.

Mission

ALL PURPOSES IN SEC 6(B) OF THE LABOR MGMT COOP ACT OF 1978

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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 $295,815

Program Service Revenue $0

Investment Income $474

Other Revenue $0

TOTAL REVENUE $296,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $209,050

TOTAL EXPENSES $209,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,289	$242,430	+0.2%
Expenses	$209,050	$174,793	+0.2%
Net Income	$87,239	$67,637	+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

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
ANTHONY MALONEY	TRUSTEE	2.00	Director	$0	$0	$0
TIM NOONAN	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW LAFREE	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON PIONTEK	TRUSTEE	2.00	Director	$0	$0	$0
MIKE LEDA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ERIC GROUNDS	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER MARTELL	TRUSTEE	2.00	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
2025	$296,289	$209,050	$317,246	$87,239
2024	$242,430	$174,793	$230,007	$67,637
2023	$222,565	$213,449	$162,370	$9,116
2021	$166,873	$172,894	$134,700	$-6,021
2020	$203,348	$199,202	$140,721	$4,146

LABOR MANAGEMENT COOPERATIVE COMMITTEE OF SOUTH BEND & VICINITY