CHICAGO AREA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (EIN 364272793) - 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

1998

Legal Domicile

Principal Officer

PATRICK S HOSTY

Phone

6306558935

Tax Period

2024-08-01 to 2025-07-31

CHICAGO AREA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST, founded in 1998, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

LABOR MANAGEMENT COOPERATIVE

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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 $1,414,289

Investment Income $216,724

Other Revenue $14

TOTAL REVENUE $1,631,027

Expense Breakdown

Grants Paid $324,440

Salaries & Benefits $625,513

Fundraising Expenses $0

Other Expenses $986,535

TOTAL EXPENSES $1,936,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,631,027	$1,696,090	0.0%
Expenses	$1,936,488	$1,998,973	0.0%
Net Income	$-305,461	$-302,883	+0.0%

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

$356,983

Total Directors

$1,434,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES P CONNOLLY	CHAIRMAN	1.00	Director	$0	$207,244	$663,646
JOSEPH HEALY	TRUSTEE	1.00	Director	$0	$201,029	$655,021
RICH KUCZKOWSKI	TRUSTEE	1.00	Director	$0	$11,600	$51,600
ANTHONY CANTONE	TRUSTEE	1.00	Director	$0	$7,250	$32,250
FRANK TAFFORA	TRUSTEE	1.00	Director	$0	$7,250	$32,250
MIKE BIVINS	TRUSTEE	1.00	Director	$0	$0	$0
GARY LUNDSBERG	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL CHARLES	TRUSTEE	1.00	Director	$0	$0	$0
JOE KOPPERS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DUERMIT II	TRUSTEE	1.00	Director	$0	$0	$0
LEXI SOUTHALL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES CASSIDY	TRUSTEE - PAST	1.00	Director	$0	$0	$0
PATRICK S HOSTY	EXECUTIVE DIRECTOR	40.00	Officer	$225,263	$131,720	$356,983
PAUL GEHRMANN	EMPLOYEE	40.00	Highest	$130,289	$106,278	$236,567

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	$1,631,027	$1,936,488	$6,292,178	$-305,461
2024	$1,696,090	$1,998,973	$6,329,155	$-302,883
2023	$1,799,232	$1,692,503	$6,253,433	$106,729
2022	$1,639,231	$1,410,532	$6,114,101	$228,699
2021	$1,550,258	$1,560,474	$6,458,589	$-10,216
2020	$1,715,084	$1,493,360	$6,003,200	$221,724
2019	$1,783,514	$1,695,525	$5,458,023	$87,989

CHICAGO AREA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST