LABORERS' LOCAL 703 LEGAL SERVICES PLAN

EIN: 371292862 Mutual Benefit

URBANA, IL

Total Revenue
$195,895
Total Expenses
$204,676
Total Assets
$407,778
Net Assets
$330,359
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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
1993
Legal Domicile
IL
Principal Officer
RUSSELL DAVENPORT
Phone
2173670703
Tax Period
2023-08-01 to 2024-07-31

LABORERS' LOCAL 703 LEGAL SERVICES PLAN, founded in 1993, is a small nonprofit in the Mutual Benefit sector that reported $196K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PROVIDE LEGAL SERVICES TO MEMBERS OF LABORERS LOCAL 703

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $187,447
Investment Income $8,448
Other Revenue $0
TOTAL REVENUE $195,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $32,856
TOTAL EXPENSES $204,676

Year-over-Year Comparison

2023 2022 Change
Revenue $195,895 $164,893 +0.2%
Expenses $204,676 $200,516 +0.0%
Net Income $-8,781 $-35,623 -0.8%
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
4
Independent Members
4
Employees
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL DAVENPORT TRUSTEE 0.50
Officer Director
$0 $0 $0
ROGER HUEBNER TRUSTEE 0.50
Director
$0 $0 $0
DAVE WRIGHT TRUSTEE 0.50
Director
$0 $0 $0
CLINT GARRETSON TRUSTEE 0.50
Officer 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
2024 $195,895 $204,676 $407,778 $-8,781
2023 $164,893 $200,516 $427,525 $-35,623
2022 $177,557 $199,535 $435,038 $-21,978
2021 $186,544 $165,172 $457,316 $21,372
2020 $210,297 $222,213 $449,367 $-11,916
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