LABORERS INTERNATIONAL UNION OF 231 HCL (EIN 370347590) - 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

STEVEN SCHROEDER

Phone

3093477106

Tax Period

2024-10-01 to 2025-09-30

LABORERS INTERNATIONAL UNION OF 231 HCL, founded in 1933, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $818K, a strong 31% operating margin.

Mission

OPERATION OF LABORERS LOCAL UNION

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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 $26,450

Program Service Revenue $2,258,150

Investment Income $110,777

Other Revenue $247,172

TOTAL REVENUE $2,642,549

Expense Breakdown

Grants Paid $27,554

Salaries & Benefits $1,231,787

Fundraising Expenses $0

Other Expenses $565,562

TOTAL EXPENSES $1,824,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,642,549	$2,023,214	+0.3%
Expenses	$1,824,903	$1,780,037	+0.0%
Net Income	$817,646	$243,177	+2.4%

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

$841,191

Total Directors

$841,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN SCHROEDER	BUSINESS MANAGER	40.00	Officer Director	$123,425	$103,349	$226,774
SPENCER SMITH	VICE PRESIDENT	40.00	Officer Director	$101,264	$101,481	$202,745
FRANK SCIORTINO	SECRETARY TREASURER	40.00	Officer Director	$106,064	$102,931	$208,995
TOM NEWMAN- PAST	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
BARRY SCIORTINO	REC SECRETARY	1.00	Director	$0	$0	$0
KIRK BELLESS	PRESIDENT	40.00	Officer Director	$101,196	$101,481	$202,677
MARC JACOBS	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JUSTIN RUTLEDGE	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
CLINT DRURY	WCIBT ASSISTANT DIRECTOR	40.00	Highest	$129,475	$98,630	$228,105

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	$2,642,549	$1,824,903	$4,279,256	$817,646
2024	No data	No data	No data	No data
2023	$2,008,634	$1,761,297	$3,139,693	$247,337
2022	$1,701,375	$1,597,644	$2,865,128	$103,731
2021	$1,797,307	$1,635,281	$2,865,978	$162,026
2020	$1,759,719	$1,576,368	$2,643,049	$183,351
2019	$1,485,448	$1,588,377	$2,466,597	$-102,929
2018	$1,299,065	$1,536,712	$2,575,555	$-237,647

LABORERS INTERNATIONAL UNION OF 231 HCL