ILLINOIS LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST

EIN: 376304539

SPRINGFIELD, IL

Total Revenue
$2,654,328
Total Expenses
$1,856,872
Total Assets
$3,506,146
Net Assets
$3,493,729
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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
1997
Legal Domicile
IL
Principal Officer
DAVID FRYE
Phone
2175223381
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST, founded in 1997, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $797K, a strong 30% operating margin.

Mission

ADDRESS LABOR-MANAGEMENT NEEDS IN THE STATE OF ILLINOIS

Program Service Accomplishments

Program 1

PRESERVE AND EXPAND WORK OPPORTUNITIES FOR LABORERS AND THEIR EMPLOYERS IN TEH BUILDING, CONSTRUCTION, ASBESTOS ABATEMENT AND HAZARDOUS SUBSTANCE INDUSTRY

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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 $1,908,820
Investment Income $191,108
Other Revenue $554,400
TOTAL REVENUE $2,654,328

Expense Breakdown

Grants Paid $32,265
Salaries & Benefits $630,166
Fundraising Expenses $0
Other Expenses $1,194,441
TOTAL EXPENSES $1,856,872

Year-over-Year Comparison

2024 2023 Change
Revenue $2,654,328 $2,180,652 +0.2%
Expenses $1,856,872 $1,536,124 +0.2%
Net Income $797,456 $644,528 +0.2%
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
10
Independent Members
9
Employees
4
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
$38,579
Total Directors
10
$33,230
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY PENN TRUSTEE 1.00
Director
$0 $0 $0
GLYN RAMAGE TRUSTEE 1.00
Director
$0 $7,470 $33,230
BRUCE HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN BOYD TRUSTEE 1.00
Director
$0 $0 $0
JOE LAMB TRUSTEE 1.00
Director
$0 $0 $0
JIM MEEK TRUSTEE 1.00
Director
$0 $0 $0
JIM BRUNER TRUSTEE 1.00
Director
$0 $0 $0
MATT SMITH TRUSTEE 1.00
Director
$0 $0 $0
DAVID FRYE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RON PAUL TRUSTEE 1.00
Director
$0 $0 $0
RANDY HARRIS DIRECTOR 20.00
Officer
$30,000 $8,579 $38,579
MELANIE MATHEWSON COMPTROLLER 8.00
Highest
$122,021 $90,242 $212,263
SEAN STOTT POLITICAL DIRECTOR 1.00
Highest
$0 $139,724 $329,674
JEFFREY PENN MROC DIRECTOR 1.00
Highest
$0 $104,647 $229,130
KURT FORNESS DIRECTOR OF COMMUNICATIONS 1.00
Highest
$0 $69,208 $186,964
TIM ROSEBERRY DIRECTOR OF COMMUNICATIONS 1.00
Highest
$0 $77,520 $192,769
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 $2,654,328 $1,856,872 $3,506,146 $797,456
2023 $2,180,652 $1,536,124 $2,691,619 $644,528
2022 $1,751,181 $1,483,812 $1,959,123 $267,369
2021 $1,787,094 $1,748,351 $1,984,731 $38,743
2020 $1,573,774 $1,365,158 $2,035,054 $208,616
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