The Labor Credit Union

EIN: 391511986

Neenah, WI

Total Revenue
$58,110
Total Expenses
$107,554
Total Assets
N/A
Net Assets
N/A
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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
1984
Legal Domicile
WI
Principal Officer
Karen Lamia
Phone
9207222122
Tax Period
2019-01-01 to 2019-12-31

The Labor Credit Union, founded in 1984, is a micro nonprofit that reported $58K in total revenue in fiscal year 2019. Revenue decreased 10% compared to the prior year. Expenses of $108K exceeded revenue, resulting in a 85% operating deficit.

Mission

None

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $51,971
Investment Income $5,552
Other Revenue $587
TOTAL REVENUE $58,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,155
Fundraising Expenses $0
Program Expenses $0
Other Expenses $49,399
TOTAL EXPENSES $107,554

Year-over-Year Comparison

2019 2018 Change
Revenue $58,110 $64,541 -0.1%
Expenses $107,554 $64,180 +0.7%
Net Income $-49,444 $361 -138.0%
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
7
Employees
3
Volunteers
9

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
5
$42,429
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Lamia President 30
Officer
$42,429 $0 $42,429
Richard Grissom Chairman 0
Officer Director
$0 $0 $0
Hugh Sloan Vice-Chair 0
Officer Director
$0 $0 $0
Dennis Vandenbergen Treasurer 0
Officer Director
$0 $0 $0
David Woldt Rec. Secretary 0
Officer Director
$0 $0 $0
James Bemowski Director 0
Director
$0 $0 $0
Chris Price Director 0
Director
$0 $0 $0
Steve Kofnetka Director 0
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
2019 $58,110 $107,554 No data $-49,444
2018 $64,541 $64,180 $1,640,428 $361
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