LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 742 (EIN 370347502) - 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

1933

Legal Domicile

Principal Officer

LAWERENCE RASCH

Phone

6184013426

Tax Period

2022-07-01 to 2023-06-30

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 742, founded in 1933, is a small nonprofit that reported $236K in total revenue in fiscal year 2022. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 15% surplus.

Mission

TO PROVIDE BETTER WAGES, BENEFITS AND WORKING CONDITIONS FOR ITS MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,875

Program Service Revenue $228,339

Investment Income $0

Other Revenue $2,291

TOTAL REVENUE $235,505

Expense Breakdown

Grants Paid $600

Salaries & Benefits $152,683

Fundraising Expenses $0

Program Expenses $142,647

Other Expenses $47,280

TOTAL EXPENSES $200,563

Year-over-Year Comparison

	2022	2021	Change
Revenue	$235,505	$140,555	+0.7%
Expenses	$200,563	$157,656	+0.3%
Net Income	$34,942	$-17,101	-3.0%

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

$59,253

Total Directors

$59,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY RASCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLIE BORGMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DEES	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
JASON JOHNSON	SECRETARY OF TREASURE/BUSINESS MANAGE	1.00	Officer Director	$59,253	$0	$59,253
GARY CRUMP	EXECUTIVE BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIM WALZ	EXECUTIVE BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CURT WELLEN	SERGEANT AT ARMS	1.00	Officer	$0	$0	$0
BRETT MAZE	AUDITOR	1.00	Officer	$0	$0	$0
DASHAWN CALVIN	AUDITOR	1.00	Officer	$0	$0	$0
DON PRIDE	AUDITOR	1.00	Officer	$0	$0	$0
DUSTIN P	EXECUTIVE BOARD MEMBER	1.00	Officer	$0	$0	$0
BRIAN DRESS	DELEGATE TO DISTRICT COUNCIL	1.00	Officer	$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
2023	$235,505	$200,563	$59,003	$34,942

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 742