LABORERS INTL UNION OF NA LOCAL 32 (EIN 361124585) - 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

1917

Legal Domicile

Principal Officer

FORTUNATO SALAMONE

Phone

8158738875

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTL UNION OF NA LOCAL 32, founded in 1917, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $559K, a strong 29% operating margin.

Mission

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

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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 $1,887,972

Investment Income $34,327

Other Revenue $27,434

TOTAL REVENUE $1,949,733

Expense Breakdown

Grants Paid $20,118

Salaries & Benefits $889,431

Fundraising Expenses $0

Other Expenses $481,226

TOTAL EXPENSES $1,390,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,949,733	$1,701,444	+0.1%
Expenses	$1,390,775	$1,367,919	+0.0%
Net Income	$558,958	$333,525	+0.7%

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

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

$628,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN FRITZ	PRESIDENT	40.00	Officer	$137,329	$92,981	$230,310
FORTUNATO SALAMONE	SECRETARY TREAS/BUS. MGR	40.00	Officer	$141,012	$94,188	$235,200
JOEL MARTIN	VICE PRESIDENT	3.00	Officer	$0	$0	$0
LEAH HOVAR	REC SECRETARY/OFFICE MGR	40.00	Officer	$86,906	$76,574	$163,480
MICHAEL BLOMBERG	EXECUTIVE BOARD	3.00	Officer	$0	$0	$0
JOSE C JARAMILLO	EXECUTIVE BOARD	3.00	Officer	$0	$0	$0
SHAWN POLNOW	EXECUTIVE BOARD	3.00	Officer	$0	$0	$0
MICHAEL VIOLA	SERGEANT-AT-ARMS	3.00	Officer	$0	$0	$0
JASON RAUDONIS	AUDITOR	3.00	Officer	$0	$0	$0
SHANNON PIERCE	AUDITOR	3.00	Officer	$0	$0	$0
CHRISTOPHER LOSOYA	AUDITOR	3.00	Officer	$0	$0	$0
JAKE CASTANZA	FIELD REP	40.00	Highest	$119,845	$102,857	$222,702

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	$1,949,733	$1,390,775	$3,326,888	$558,958
2023	$1,701,444	$1,367,919	$2,771,453	$333,525
2022	$1,686,078	$1,343,880	$2,432,406	$342,198
2021	$1,563,381	$1,291,090	$2,165,918	$272,291
2020	$1,211,118	$1,100,796	$2,041,618	$110,322

LABORERS INTL UNION OF NA LOCAL 32