Laborers Intl Union of NA Local 1329

EIN: 381284068

Iron Mountain, MI

Total Revenue
$1,205,611
Total Expenses
$861,712
Total Assets
$2,148,395
Net Assets
$2,125,643
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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
1955
Legal Domicile
MI
Tax Period
2023-07-01 to 2024-06-30

Laborers Intl Union of NA Local 1329, founded in 1955, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $344K, a strong 29% operating margin.

Mission

Collective bargaining for and representation of its members. Also, to improve and maintain quality of working conditions for its members.

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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 $1,153,242
Program Service Revenue $0
Investment Income $42,770
Other Revenue $9,599
TOTAL REVENUE $1,205,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $550,653
Fundraising Expenses $0
Program Expenses $703,817
Other Expenses $269,332
TOTAL EXPENSES $861,712

Year-over-Year Comparison

2023 2022 Change
Revenue $1,205,611 $990,147 +0.2%
Expenses $861,712 $769,298 +0.1%
Net Income $343,899 $220,849 +0.6%
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
7
Independent Members
5
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
0
$0
Total Directors
15
$421,631
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gene A Alessandrini Jr Business Manager 40.00
Director
$138,527 $76,243 $214,770
Anthony E Alessandrini SecretaryTreasurer 40.00
Director
$126,326 $72,435 $198,761
Vincent Mattila President 1.00
Director
$1,575 $0 $1,575
Tory Haapla Executive Board Member 1.00
Director
$1,350 $0 $1,350
Anthony Rossi Vice President 1.00
Director
$1,050 $0 $1,050
Shawn Hood Sergeant at Arms 1.00
Director
$1,000 $0 $1,000
Luke Wahoviak Executive Board Member 1.00
Director
$850 $0 $850
Holden Visintainer Auditor 1.00
Director
$750 $0 $750
Allen Jaeger Auditor 1.00
Director
$750 $0 $750
Tim Stein Auditor 1.00
Director
$525 $0 $525
Michael Glanville Sergeant at Arms 1.00
Director
$125 $0 $125
Joseph Flemming Sergeant at Arms 1.00
Director
$125 $0 $125
John Wahoviak Judge 1.00
Director
$0 $0 $0
Brett Ebertsch Judge 1.00
Director
$0 $0 $0
Joe Gallino Judge 1.00
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 No data No data No data No data
2024 $1,205,611 $861,712 $2,148,395 $343,899
2023 $990,147 $769,298 $1,786,134 $220,849
2022 $1,001,220 $791,666 $1,575,216 $209,554
2021 $823,047 $741,296 $1,419,592 $81,751
2020 $835,204 $504,213 $1,320,094 $330,991
2019 $655,327 $608,622 $985,484 $46,705
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