LABORERS' INTERNATIONAL UNION OF NORTH AMERICA LOCAL 42 (EIN 430337603) - 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

1933

Legal Domicile

Principal Officer

BRANDON FLINN

Phone

3145311187

Tax Period

2023-01-01 to 2023-12-31

LABORERS' INTERNATIONAL UNION OF NORTH AMERICA LOCAL 42, founded in 1933, is a community nonprofit in the Employment sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $815K, a strong 21% operating margin.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC BENEFITS THROUGH ORGANIZATION, NEGOTIATION AND COLLECTIVE BARGAINING.

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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 $0

Program Service Revenue $3,699,490

Investment Income $110,190

Other Revenue $67,763

TOTAL REVENUE $3,877,443

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $1,645,960

Fundraising Expenses $0

Program Expenses $2,433,840

Other Expenses $1,411,700

TOTAL EXPENSES $3,062,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,877,443	$3,536,862	+0.1%
Expenses	$3,062,160	$2,998,837	+0.0%
Net Income	$815,283	$538,025	+0.5%

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

$765,783

Total Directors

$554,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MCLAUGHLIN	PRESIDENT	48.00	Officer Director	$147,457	$0	$147,457
BRANDON FLINN	BUSINESS MGR. & SEC-TREAS.	5.00	Officer Director	$20,000	$0	$20,000
MATTHEW ANDREWS	VICE PRESIDENT	48.00	Officer Director	$129,590	$0	$129,590
GARY BONNARD- LEFT 424	EXECUTIVE BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOHN EREMITA	EXECUTIVE BOARD MEMBER/FIE	48.00	Officer Director	$129,023	$0	$129,023
WILLIAM REDWINE - LEFT 224	EXECUTIVE BOARD MEMBER	1.00	Officer Director	$0	$0	$0
BRIAN WATSON	RECORDING SECRETARY	1.00	Officer Director	$128,649	$0	$128,649
REGINALD DAVIS	SLPS HEAD STEWART	1.00	Director	$0	$0	$0
SIMON GLAUS	AUDITOR	1.00	Officer	$66,881	$0	$66,881
PASQUALE LOPICCOLO	AUDITOR	1.00	Officer	$0	$0	$0
JEFF LOUIS	AUDITOR/FIELD REP	48.00	Officer	$127,503	$0	$127,503
RAYMOND SARKIS	SERGEANT AT ARMS	1.00	Officer	$16,680	$0	$16,680

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	$3,877,443	$3,062,160	$5,875,272	$815,283
2022	$3,536,862	$2,998,837	$4,634,526	$538,025
2021	$3,430,263	$2,769,071	$4,577,468	$661,192
2020	$2,840,798	$2,493,340	$3,912,144	$347,458
2019	$2,664,334	$2,181,849	$3,255,562	$482,485
2018	$2,405,755	$2,143,453	$2,703,086	$262,302

LABORERS' INTERNATIONAL UNION OF NORTH AMERICA LOCAL 42