IOWA LABORERS' EMPLOYERS COOPERATION & EDUCATION TRUST (EIN 421396859) - 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

1992

Legal Domicile

Principal Officer

RICHIE SCHMIDT

Phone

5152706961

Tax Period

2023-01-01 to 2023-12-31

IOWA LABORERS' EMPLOYERS COOPERATION & EDUCATION TRUST, founded in 1992, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 7% surplus.

Mission

IMPROVE COMMUNICATIONS BETWEEN EMPLOYERS AND LOCAL UNIONS.

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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 $7,950

Program Service Revenue $996,523

Investment Income $1,769

Other Revenue $345,520

TOTAL REVENUE $1,351,762

Expense Breakdown

Grants Paid $7,950

Salaries & Benefits $578,425

Fundraising Expenses $0

Other Expenses $671,037

TOTAL EXPENSES $1,257,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,351,762	$1,250,016	+0.1%
Expenses	$1,257,412	$1,323,582	0.0%
Net Income	$94,350	$-73,566	-2.3%

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

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

$168,338

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY PENN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES PIAZZA	TRUSTEE	1.00	Officer Director	$0	$0	$0
DANNY HEMMINGER	TRUSTEE	1.00	Director	$0	$0	$0
SAM RENSHAW	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS REED	TRUSTEE	1.00	Director	$0	$0	$0
TOM HAYES	TRUSTEE	1.00	Officer Director	$0	$0	$0
RICHIE SCHDMIT	DIRECTOR	40.00	Officer	$106,988	$61,350	$168,338

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	No data	No data	No data	No data
2023	$1,351,762	$1,257,412	$1,981,061	$94,350
2022	$1,250,016	$1,323,582	$1,931,210	$-73,566
2021	$1,371,907	$1,292,054	$2,007,095	$79,853
2020	$1,193,994	$1,237,005	$2,332,175	$-43,011
2019	$1,249,700	$1,227,089	$2,513,716	$22,611
2018	$1,226,088	$1,360,447	$1,609,708	$-134,359

IOWA LABORERS' EMPLOYERS COOPERATION & EDUCATION TRUST