Laborers International Union of State of MI (EIN 381811365) - 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

1948

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Laborers International Union of State of MI, founded in 1948, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 38% operating margin.

Mission

COLLECTIVE BARGAINING AND REPRESENTATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,275,295

Program Service Revenue $0

Investment Income $202,909

Other Revenue $426,311

TOTAL REVENUE $2,904,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,174,856

Fundraising Expenses $0

Program Expenses $1,397,704

Other Expenses $638,123

TOTAL EXPENSES $1,812,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,904,515	$3,660,695	-0.2%
Expenses	$1,812,979	$3,628,242	-0.5%
Net Income	$1,091,536	$32,453	+32.6%

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

Governance

Voting Members

12218

Independent Members

12218

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

$395,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ZUREK	SECRETARYTREASURER	40.00	Officer	$244,829	$106,730	$351,559
GENE ALESSANDRINI Sr	BUSINESS MANAGER	40.00	Highest	$244,829	$106,567	$351,396
DANIEL MINTON III	EXECUTIVE BOARD	1.00	Officer	$6,600	$0	$6,600
ARLANDAR WASHINGTON	EXCUTIVE BOARD	1.00	Officer	$6,600	$0	$6,600
JOEL ARCHIBALD	EXECUTIVE BOARD	1.00	Officer	$6,600	$0	$6,600
GENE ALESSANDRINI Jr	EXECUTIVE BOARD	1.00	Officer	$6,600	$0	$6,600
MICHAEL AARON	PRESIDENT	1.00	Officer	$6,100	$0	$6,100
BRENT PILARSKI	EXECUTIVE BOARD	1.00	Officer	$6,100	$0	$6,100
WILLIAM BASS	EXECUTIVE BOARD	1.00	Officer	$5,500	$0	$5,500

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	No data	No data	No data	No data
2023	$2,904,515	$1,812,979	$7,249,903	$1,091,536
2022	$3,660,695	$3,628,242	$5,867,435	$32,453
2021	$2,401,721	$1,739,731	$6,328,892	$661,990
2020	$3,611,281	$2,937,834	$5,710,459	$673,447
2019	$2,228,620	$1,522,494	$4,948,246	$706,126
2018	$2,768,300	$2,391,478	$4,222,782	$376,822

Laborers International Union of State of MI