LABOR EDUCATION AND RESEARCH PROJECT (EIN 382206621) - 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

1978

Legal Domicile

Principal Officer

DIANA VARENIK

Phone

7182844144

Tax Period

2024-01-01 to 2024-12-31

LABOR EDUCATION AND RESEARCH PROJECT, founded in 1978, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 14% surplus.

Mission

TO CONDUCT RESEARCH AND EDUCATION CONCERNING THE PROBLEMS FACING WORKING PEOPLE BOTH AS UNION MEMBERS AND AS CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,317,593

Program Service Revenue $841,346

Investment Income $93,233

Other Revenue $237,686

TOTAL REVENUE $2,489,858

Expense Breakdown

Grants Paid $42,968

Salaries & Benefits $1,285,177

Fundraising Expenses $90,622

Program Expenses $1,436,544

Other Expenses $808,222

TOTAL EXPENSES $2,136,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,489,858	$1,383,313	+0.8%
Expenses	$2,136,367	$1,394,885	+0.5%
Net Income	$353,491	$-11,572	-31.5%

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

Volunteers

560

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

$80,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN DAVID FRIEDMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE SLAUGHTER	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN PAFF	TREASURER	1.00	Officer Director	$0	$0	$0
MARSHA NIEMEIJER	DIRECTOR	1.00	Director	$0	$0	$0
ROSA PONCE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LIN	DIRECTOR	1.00	Director	$0	$0	$0
MAGALY LICOLLI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PRESCOD	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA DEANE	OPERATIONS COORDINATOR	40.00	Officer	$73,256	$7,630	$80,886

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	$2,489,858	$2,136,367	$2,974,708	$353,491
2023	$1,383,313	$1,394,885	$2,293,831	$-11,572
2022	$1,988,813	$1,427,628	$2,148,914	$561,185
2021	$973,130	$710,274	$1,877,344	$262,856
2020	$861,915	$821,523	$1,630,588	$40,392
2019	$887,429	$911,308	$1,357,360	$-23,879
2018	$1,551,582	$866,111	$1,306,130	$685,471

LABOR EDUCATION AND RESEARCH PROJECT