Laboreres Local 1191 Employers Cooperation and E

EIN: 383525392 Employment

Lansing, MI

Total Revenue
$1,088,922
Total Expenses
$163,031
Total Assets
$7,422,711
Net Assets
$7,414,113
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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
1999
Legal Domicile
MI
Tax Period
2023-09-01 to 2024-08-31

Laboreres Local 1191 Employers Cooperation and E, founded in 1999, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $926K, a strong 85% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO ADDRESS MUTUAL INDUSTRY CONCERNS OF LABOR AND MANAGEMENT.

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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 $0
Program Service Revenue $910,891
Investment Income $178,031
Other Revenue $0
TOTAL REVENUE $1,088,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $163,031
Other Expenses $163,031
TOTAL EXPENSES $163,031

Year-over-Year Comparison

2023 2022 Change
Revenue $1,088,922 $1,394,542 -0.2%
Expenses $163,031 $126,923 +0.3%
Net Income $925,891 $1,267,619 -0.3%
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
8
Independent Members
4
Employees
N/A
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
8
$496,774
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL AARON TRUSTEE 1.00
Director
$0 $0 $188,640
MIKYIA AARON CHAIRMAN 1.00
Director
$0 $0 $177,969
REGINALD CARNEY TRUSTEE 1.00
Director
$0 $0 $123,665
CHRISTOPHER CYBULSKI TRUSTEE 1.00
Director
$0 $0 $6,500
TODD DOENITZ TRUSTEE 1.00
Director
$0 $0 $0
JOSH GRAVES TRUSTEE 1.00
Director
$0 $0 $0
LANCE BINONIEMI SECRETARY 1.00
Director
$0 $0 $0
ROBERRT COPPERSMITH 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 $1,088,922 $163,031 $7,422,711 $925,891
2023 $1,394,542 $126,923 $6,019,235 $1,267,619
2022 $1,436,797 $103,641 $4,597,553 $1,333,156
2021 $914,610 $83,579 $3,620,231 $831,031
2020 $852,159 $135,218 $2,816,770 $716,941
2019 $777,168 $86,289 $2,040,820 $690,879
2018 $676,890 $245,566 $1,296,656 $431,324
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