LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 742

EIN: 370347502

MASCOUTAH, IL

Total Revenue
$235,505
Total Expenses
$200,563
Total Assets
$59,003
Net Assets
$57,113
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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
IL
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.

Program Service Accomplishments

Program 1
Expenses: $142,647 Revenue: $230,630

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC BENEFITS THROUGH ORGANIZATION, NEGOTIATION AND COLLECTIVE BARGAINING.

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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 (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

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Governance

Voting Members
12
Independent Members
4
Employees
1
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
12
$59,253
Total Directors
6
$59,253
Key Employees
0
$0
Highest Compensated
0
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
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