LABORERS' LOCAL 703 LEGAL SERVICES PLAN

EIN: 371292862 Mutual Benefit

URBANA, IL

Total Revenue
$235,111
Total Expenses
$190,259
Total Assets
$443,266
Net Assets
$375,211
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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
2024-08-01 to 2025-07-31

LABORERS' LOCAL 703 LEGAL SERVICES PLAN, founded in 1993, is a small nonprofit in the Mutual Benefit sector that reported $235K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 19% operating margin.

Mission

PROVIDE LEGAL SERVICES TO MEMBER OF LABORERS LOCAL 703

Program Service Accomplishments

Program 1

PROVIDE LEGAL SERVICES TO MEMBER 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $224,587
Investment Income $10,524
Other Revenue $0
TOTAL REVENUE $235,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $34,744
TOTAL EXPENSES $190,259

Year-over-Year Comparison

2024 2023 Change
Revenue $235,111 $195,895 +0.2%
Expenses $190,259 $204,676 -0.1%
Net Income $44,852 $-8,781 -6.1%
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
2025 $235,111 $190,259 $443,266 $44,852
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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