MID-ATLANTIC LABORER'S COOPERATION TRUST

EIN: 541575076

RESTON, VA

Total Revenue
$3,762,066
Total Expenses
$2,936,585
Total Assets
$11,728,948
Net Assets
$11,728,948
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
DENNIS MARTIRE
Phone
7038604194
Tax Period
2023-01-01 to 2023-12-31

MID-ATLANTIC LABORER'S COOPERATION TRUST, founded in 1999, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2018. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 35% operating margin.

Mission

MID-ATLANTIC LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (LECET) BRINGS THE LABORERS MID-ATLANTIC REGION OF THE INTERNATIONAL UNION OF NORTH AMERICA (LIUNA) AND ITS SIGNATORY CONTRACTORS TOGETHER TO ADDRESS ISSUES OF IMPORTANCE TO BOTH LABORERS AND THEIR EMPLOYERS. THESE STAKEHOLDERS SHARE A LOT OF COMMON GROUND; WORKING AS A TEAM THEY SECURE PROJECTS AND JOBS, INCREASE UNION-SECTOR MARKET SHARE, ADVERTISE THEIR SERVICES, DEVELOP A WORKFORCE, AND ADVANCE SHARED MARKET-RELATED INTERESTS

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,109,597
Investment Income $1,652,469
Other Revenue $0
TOTAL REVENUE $3,762,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,768,904
Fundraising Expenses $0
Other Expenses $1,167,681
TOTAL EXPENSES $2,936,585

Year-over-Year Comparison

2023 2022 Change
Revenue $3,762,066 $2,160,798 +0.7%
Expenses $2,936,585 $2,291,439 +0.3%
Net Income $825,481 $-130,641 -7.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
14
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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS MARTIRE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MARY PRIM CO-CHAIR 2.00
Officer Director
$0 $0 $0
SAM STATEN JR TRUSTEE 2.00
Director
$0 $0 $0
PHILIP AMERIS SR TRUSTEE 2.00
Director
$0 $0 $0
RYAN BOYER TRUSTEE 2.00
Director
$0 $0 $0
ERNEST OJITO TRUSTEE 2.00
Director
$0 $0 $0
JESSIE KING TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN KIMBALL TRUSTEE 2.00
Director
$0 $0 $0
JAMES MCNEALIS TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH CATENA TRUSTEE 2.00
Director
$0 $0 $0
MIKE TOKARCHIC TRUSTEE 2.00
Director
$0 $0 $0
AMY HENNESSEY TRUSTEE 2.00
Director
$0 $0 $0
MARSHALL BROWN DIRECTOR 40.00
Highest
$192,342 $108,861 $301,203
RYAN TURNER BALT-WASH MARKET REP 40.00
Highest
$117,013 $86,202 $203,215
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 $3,762,066 $2,936,585 $11,728,948 $825,481
2022 $2,160,798 $2,291,439 $11,096,901 $-130,641
2021 $3,123,106 $2,481,677 $13,621,793 $641,429
2020 $2,900,974 $2,122,434 $12,472,021 $778,540
2019 $3,851,893 $2,475,456 $11,017,058 $1,376,437
2018 $4,056,608 $2,618,717 $8,359,030 $1,437,891
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