LABOR MANAGEMENT COOPERATION COMMITTEE OF CHICAGO

EIN: 363871153

WESTCHESTER, IL

Total Revenue
$5,479,507
Total Expenses
$6,640,312
Total Assets
$7,827,437
Net Assets
$7,827,437
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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
1990
Legal Domicile
IL
Principal Officer
ELBERT WALTERS III
Phone
7085310022
Tax Period
2024-06-01 to 2025-05-31

LABOR MANAGEMENT COOPERATION COMMITTEE OF CHICAGO, founded in 1990, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

ASSISTING WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,626,949
Investment Income $852,558
Other Revenue $0
TOTAL REVENUE $5,479,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,420,529
Other Expenses $6,640,312
TOTAL EXPENSES $6,640,312

Year-over-Year Comparison

2024 2023 Change
Revenue $5,479,507 $7,086,196 -0.2%
Expenses $6,640,312 $6,290,817 +0.1%
Net Income $-1,160,805 $795,379 -2.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$371,601
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELBERT WALTERS III EXECUTIVE DI 24.00
Officer
$0 $946 $222,315
SUE SCHAUS LMCC ADMINIS 40.00
Officer
$0 $48,069 $133,190
CAROLYN SPAETH LMCC ADMINIS 0.00
Officer
$0 $0 $16,096
ANDRES AGUILAR ASSOCIATE TR 3.00
Director
$0 $0 $0
DAVE CHORLEY TRUSTEE 3.00
Director
$0 $0 $0
KEVIN CONNOLLY TRUSTEE 3.00
Officer Director
$0 $0 $0
DONALD FINN CHAIRMAN - L 3.00
Director
$0 $0 $0
WILLIAM CULLEN III TRUSTEE 3.00
Director
$0 $0 $0
COLT MOYLAN TRUSTEE 3.00
Director
$0 $0 $0
ERIC NIXON CHAIRMAN 3.00
Officer Director
$0 $0 $0
PAT NUGENT TRUSTEE 3.00
Director
$0 $0 $0
NICHOLAS SANTORO TRUSTEE 3.00
Director
$0 $0 $0
JESSE SCHMIDT ASSOCIATE TR 3.00
Director
$0 $0 $0
BEATRICE THOMPSON TRUSTEE 3.00
Director
$0 $0 $0
RICHARD ZAPER ASSOCIATE TR 3.00
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 $5,479,507 $6,640,312 $7,827,437 $-1,160,805
2024 $7,086,196 $6,290,817 $9,417,795 $795,379
2023 $6,543,918 $5,984,216 $8,409,358 $559,702
2022 $5,902,054 $5,203,467 $7,885,933 $698,587
2021 $5,307,426 $4,462,882 $7,308,197 $844,544
2020 $6,517,830 $4,776,351 $6,195,506 $1,741,479
2019 $4,442,145 $3,815,054 $4,384,356 $627,091
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