LOCAL 456-CIC-BCA-LABOR MANAGEMENT COOPERATION TRUST (EIN 453262099) - 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

2011

Legal Domicile

Principal Officer

LOUIS A PICANI

Phone

9145929330

Tax Period

2023-01-01 to 2023-12-31

LOCAL 456-CIC-BCA-LABOR MANAGEMENT COOPERATION TRUST, founded in 2011, is a small nonprofit in the Employment sector that reported $980K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $381K, a strong 39% operating margin.

Mission

TO IMPROVE COMMUNICATIONS BETWEEN THE UNION, EMPLOYEES AND EMPLOYERS. TO IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES AND EMPLOYERS. TO PROMOTE EFFICIENCY IN OPERATIONS AND THE ECONOMIC COMPETITIVENESS OF THE UNION AND THE EMPLOYERS. TO PROMOTE THE HEALTH AND SAFETY OF EMPLOYEES AND THEIR FAMILIES AS WELL AS THE HEALTH AND SAFETY OF THE PUBLIC.

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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 $979,571

Investment Income $0

Other Revenue $0

TOTAL REVENUE $979,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,861

Fundraising Expenses $0

Other Expenses $16,013

TOTAL EXPENSES $598,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,571	$883,350	+0.1%
Expenses	$598,276	$632,702	-0.1%
Net Income	$381,295	$250,648	+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

N/A

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

Total Directors

$1,269,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS A PICANI	UNION TRUSTEE	1.00	Director	$0	$85,406	$397,320
ROSS PEPE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SANSONE	UNION TRUSTEE	1.00	Director	$0	$79,740	$323,044
DOMINICK CASSANELLI JR	UNION TRUSTEE	1.00	Director	$0	$74,566	$294,330
ROGER TARANTO	UNION TRUSTEE	1.00	Director	$0	$66,391	$254,352
JEFFREY ISAACS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN COONEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SIMONE ALMEIDA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BRENDA GALEA-RITCH	FUND ADMINISTRATOR	0.50	Highest	$0	$34,038	$178,771

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	$979,571	$598,276	$2,396,089	$381,295
2022	$883,350	$632,702	$1,806,593	$250,648
2021	$556,126	$838,161	$1,387,759	$-282,035
2020	$295,959	$21,734	$986,221	$274,225
2019	$332,351	$17,595	$711,463	$314,756
2018	$259,744	$6,855	$396,707	$252,889

LOCAL 456-CIC-BCA-LABOR MANAGEMENT COOPERATION TRUST