LABORERS' LOCAL 579 (EIN 440296418) - 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

1934

Legal Domicile

Principal Officer

FRANK SMITH JR

Phone

8162329160

Tax Period

2024-01-01 to 2024-12-31

LABORERS' LOCAL 579, founded in 1934, is a small nonprofit that reported $742K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $635K left a modest 14% surplus.

Mission

THE ORGANIZATION'S GOAL IS TO SUPPLY CONTRACTORS IN NORTHWEST MISSOURI WITH AN EXPERIENCED AND TRAINED WORK FORCE TO MAKE THOSE CONTRACTORS MORE COMPETITIVE IN THE CONSTRUCTION INDUSTRY. THE ORGANIZATION ENCOURGES AND OFFERS VARIOUS TRAINING PROGRAMS AND PARTNERS WITH LABOR-MANAGEMENT COMMITTEES TO MAXIMIZE THE EMPLOYMENT OF OUR MEMBERS.

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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 $665,238

Investment Income $67,731

Other Revenue $9,202

TOTAL REVENUE $742,171

Expense Breakdown

Grants Paid $10,607

Salaries & Benefits $244,812

Fundraising Expenses $0

Other Expenses $379,862

TOTAL EXPENSES $635,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,171	$658,682	+0.1%
Expenses	$635,281	$543,785	+0.2%
Net Income	$106,890	$114,897	-0.1%

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

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

$255,880

Total Directors

$255,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SMITH JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON ESTES	SEC/TREAS/BU	40.00	Officer Director	$81,720	$73,910	$155,630
JULIE VALASEK	REC SEC/OFFI	40.00	Officer Director	$57,422	$42,828	$100,250
THOMAS HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON WILHOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYLAND WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDELL RAINES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA SMITH	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$742,171	$635,281	$1,406,016	$106,890
2023	$658,682	$543,785	$1,252,265	$114,897
2022	$513,507	$486,963	$1,056,739	$26,544
2021	$645,961	$476,416	$1,182,293	$169,545
2020	$586,540	$452,722	$1,013,170	$133,818
2019	$549,896	$404,835	$876,221	$145,061
2018	$379,696	$492,998	$731,723	$-113,302

LABORERS' LOCAL 579