Michigan Laborers Vacation Fund (EIN 382106864) - 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

1965

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

Michigan Laborers Vacation Fund, founded in 1965, is a mid-sized nonprofit that reported $67.5M in total revenue in fiscal year 2023.

Mission

PAYMENT OF VACATION BENEFITS

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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 $0

Program Service Revenue $66,157,208

Investment Income $651,455

Other Revenue $652,397

TOTAL REVENUE $67,461,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,782,577

Other Expenses $397,869

TOTAL EXPENSES $68,180,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,461,060	$63,998,668	+0.1%
Expenses	$68,180,446	$64,109,379	+0.1%
Net Income	$-719,386	$-110,711	+5.5%

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

Independent Members

Employees

N/A

Volunteers

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

Total Directors

$1,553,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ZUREK	CHAIRMAN	1.00	Director	$0	$35,396	$284,491
GENE ALESSANDRINI Sr	TRUSTEE	1.00	Director	$0	$35,396	$284,253
WILLIAM BASS	TRUSTEE	1.00	Director	$0	$0	$204,748
ARLANDAR WASHINGTON	TRUSTEE	1.00	Director	$0	$41,370	$202,955
MICHAEL AARON	TRUSTEE	1.00	Director	$0	$0	$188,640
GENO ALESSANDRINI Jr	TRUSTEE	1.00	Director	$0	$39,030	$177,557
JOEL ARCHIBAD	TRUSTEE	1.00	Director	$0	$42,437	$136,689
BRENT PILARSKI	TRUSTEE	1.00	Director	$0	$29,521	$54,132
NICHOLAS DEFAUW	TRUSTEE	1.00	Director	$0	$0	$19,808
ROB KRUEGER	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SPENCE	TRUSTEE	1.00	Director	$0	$0	$0
MIKEL COLE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN ALEXA	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT COPPERSMITH Jr	SECRETARY	1.00	Director	$0	$0	$0
BART CARRIGAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID COATES	TRUSTEE	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
2024	$67,461,060	$68,180,446	$34,992,300	$-719,386
2023	$63,998,668	$64,109,379	$32,184,959	$-110,711
2021	$50,300,432	$50,126,522	$27,310,767	$173,910
2020	$45,901,372	$45,379,248	$23,514,255	$522,124
2019	$44,144,680	$43,456,258	$24,164,342	$688,422
2018	$42,263,162	$41,857,539	$21,829,068	$405,623

Michigan Laborers Vacation Fund