BUILDING AND GENERAL CONSTRUCTION LABORERS LOCAL 3 (EIN 454637996) - 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

2012

Legal Domicile

Principal Officer

HIPELITO ENG

Phone

9083540910

Tax Period

2024-10-01 to 2025-09-30

BUILDING AND GENERAL CONSTRUCTION LABORERS LOCAL 3, founded in 2012, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 9% surplus.

Mission

TO IMPROVE WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGHCOLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS.

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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 $5,384,645

Investment Income $1,114,600

Other Revenue $1,103

TOTAL REVENUE $6,500,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,420,017

Fundraising Expenses $0

Other Expenses $2,495,886

TOTAL EXPENSES $5,915,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,500,348	$6,546,450	0.0%
Expenses	$5,915,903	$5,246,624	+0.1%
Net Income	$584,445	$1,299,826	-0.6%

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

N/A

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

$2,423,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HIPELITO ENG	BUSINESS MANAGER	39.00	Officer	$223,137	$127,239	$350,376
MATTHEW RICHARDS	RECORDING SECRETARY - EFF 12/24	39.00	Officer	$111,643	$95,333	$206,976
ANGELO C D'ARGENIO	PRESIDENT/BUS AGENT	39.00	Officer	$142,322	$102,892	$245,214
RALPH K HARRIS	VICE PRESIDENT/BUS AGENT	39.00	Officer	$142,322	$103,096	$245,418
GIOVANNI MANCINI	SECRETARY TREASURER/BUS AGENT	39.00	Officer	$163,829	$109,450	$273,279
JOHN PENNELLO	EXEC BOARD/BUS AGENT - THRU 3/25	39.00	Officer	$131,739	$49,843	$181,582
CHRIS CUPO	RECORDING SEC/BUS AGENT - THRU 12/24	39.00	Officer	$188,665	$23,024	$211,689
WILLIAM RUFFINI	SGT AT ARMS/BUS AGENT	39.00	Officer	$114,312	$95,962	$210,274
THOMAS G SALERNO	EXECUTIVE BOARD/BUS AGENT	39.00	Officer	$131,739	$99,949	$231,688
RADOSLAW KOREK	AUDITOR/BUS AGENT - THRU 3/25	39.00	Officer	$0	$0	$0
MATTHEW RICHARDS	AUDITOR - THRU 12/24	39.00	Officer	$0	$0	$0
RADOSLAW KOREK	EXECUTIVE BOARD - EFF 3/25	39.00	Officer	$131,739	$99,926	$231,665
JAIME MACHADO	AUDITOR - EFF 3/25	39.00	Officer	$21,250	$14,172	$35,422
JUSTIN MANCINI	AUDITOR - EFF 3/25	39.00	Officer	$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	$6,500,348	$5,915,903	$28,144,756	$584,445
2024	$6,546,450	$5,246,624	$27,622,702	$1,299,826
2023	$6,988,532	$5,457,037	$24,644,328	$1,531,495
2022	$7,267,720	$5,063,203	$23,033,413	$2,204,517
2021	$6,658,508	$5,150,877	$24,317,926	$1,507,631
2020	$7,333,284	$5,331,331	$21,683,458	$2,001,953
2019	$7,323,814	$5,258,229	$19,698,311	$2,065,585

BUILDING AND GENERAL CONSTRUCTION LABORERS LOCAL 3