LABORERS' INT'L UNION LOCAL 563 (EIN 410329080) - 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

1971

Legal Domicile

Principal Officer

DANIEL BRADY

Phone

6127816933

Tax Period

2024-07-01 to 2025-06-30

LABORERS' INT'L UNION LOCAL 563, founded in 1971, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 8% surplus.

Mission

LOCAL 563 REPRESENTS APPROXIMATELY 7,500 CONSTRUCTION WORKERS EMPLOYED IN MINNEAPOLIS, MN, ST PAUL, MN AND SURROUNDING AREAS. ITS PURPOSE IS TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

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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 $0

Program Service Revenue $12,663,460

Investment Income $467,197

Other Revenue $33,721

TOTAL REVENUE $13,164,378

Expense Breakdown

Grants Paid $159,384

Salaries & Benefits $6,298,547

Fundraising Expenses $0

Other Expenses $5,704,958

TOTAL EXPENSES $12,162,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,164,378	$10,608,958	+0.2%
Expenses	$12,162,889	$11,256,705	+0.1%
Net Income	$1,001,489	$-647,747	-2.5%

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

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

$512,452

Total Directors

$633,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE FOWLER	BUSINESS MAN	40.00	Officer Director	$195,979	$59,225	$255,204
DANIEL BRADY	FIN SEC/TREA	40.00	Officer Director	$185,068	$57,405	$242,473
LAURIE JOHNSON	FMR PRESIDEN	3.00	Officer Director	$3,000	$0	$3,000
MARK ASHER	PRESIDENT	3.00	Officer Director	$4,900	$0	$4,900
DEAN MILLS	VICE PRESIDE	2.00	Officer Director	$4,675	$0	$4,675
TODD MUTCH	RECORDING SE	2.00	Director	$4,675	$0	$4,675
OCTAVIO CHUNG	BOARD MEMBER	2.00	Director	$4,400	$0	$4,400
GWEN COOK	BOARD MEMBER	2.00	Director	$2,600	$0	$2,600
KRIS KLEIN	SERGEANT-AT-	1.00	Officer Director	$2,200	$0	$2,200
CARLY WORDELMAN	AUDITOR	0.50	Director	$800	$0	$800
CAROLYN WOOD	AUDITOR	0.50	Director	$2,463	$0	$2,463
KORY KREAGER	FMR AUDITOR	0.50	Director	$62,805	$42,084	$104,889
JOHN KAPPEDAHL-O'BRIEN	AUDITOR	0.50	Director	$935	$0	$935
KEITH PETERSON	ASST BUSINES	40.00	Highest	$163,793	$53,926	$217,719
NICHOLAS SLAVICEK	DIRECTOR OF	40.00	Highest	$156,773	$52,949	$209,722
STACEY KARELS	BUSINESS AGE	40.00	Highest	$149,805	$51,802	$201,607
TROY COX	BUSINESS AGE	40.00	Highest	$146,330	$51,072	$197,402
TODD SORTER	BUSINESS AGE	40.00	Highest	$145,861	$51,036	$196,897

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
2025	$13,164,378	$12,162,889	$14,919,190	$1,001,489
2024	$10,608,958	$11,256,705	$13,133,334	$-647,747
2023	$10,904,681	$10,321,193	$19,772,898	$583,488
2022	$10,887,732	$9,682,106	$22,106,073	$1,205,626
2021	$10,037,139	$9,022,956	$22,403,819	$1,014,183
2020	$10,989,036	$8,696,690	$21,817,581	$2,292,346
2019	$10,598,479	$8,465,057	$19,921,441	$2,133,422

LABORERS' INT'L UNION LOCAL 563