Laborers International Union of North America Local 517 (EIN 590799841) - 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

1970

Legal Domicile

Phone

4072994000

Tax Period

2024-01-01 to 2024-12-31

Laborers International Union of North America Local 517, founded in 1970, is a small nonprofit that reported $693K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $652K left a modest 6% surplus.

Mission

The Organization acts as a collective bargaining agent on behalf of its 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 $561,717

Program Service Revenue $79,376

Investment Income $51,104

Other Revenue $390

TOTAL REVENUE $692,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,115

Fundraising Expenses $0

Other Expenses $467,371

TOTAL EXPENSES $652,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$692,587	$533,817	+0.3%
Expenses	$652,031	$629,181	+0.0%
Net Income	$40,556	$-95,364	-1.4%

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

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

$40,615

Total Directors

$70,115

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raymond Caldwell	President	40	Officer Director	$3,550	$0	$3,550
Oscar Manzanares	Business Manager	40	Officer Director	$3,034	$0	$3,034
Pete Harris	Vice President	10	Officer Director	$8,500	$0	$8,500
John Groh	Recording Secretary	10	Officer Director	$4,300	$0	$4,300
William Ross	Secretary-Treasurer	10	Officer Director	$14,481	$0	$14,481
Jason Anthony	Sergeant At Arms	10	Director	$3,250	$0	$3,250
Jillian Van Appledorn	Auditor	10	Director	$1,200	$0	$1,200
Chad Canfield	Auditor	10	Director	$2,600	$0	$2,600
Mike Nelson	Auditor	10	Director	$6,200	$0	$6,200
Phillip Eaton	Executive Board	10	Officer Director	$3,250	$0	$3,250
Richard Haynes	Executive Board	10	Officer Director	$3,500	$0	$3,500
David Brier	Past-Business Manager	40	Director	$10,000	$0	$10,000
Robert Howell	Past-Vice President	40	Director	$1,750	$0	$1,750
Wesley Davis	Past-Secretary-Treasurer	40	Director	$4,500	$0	$4,500

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	$692,587	$652,031	$1,313,131	$40,556
2023	$533,817	$629,181	$1,275,051	$-95,364
2022	$551,644	$523,949	$1,370,415	$27,695
2021	$1,022,923	$932,451	$1,342,721	$90,472
2020	$1,116,980	$1,127,920	$1,252,249	$-10,940
2019	$1,551,460	$1,469,614	$1,263,189	$81,846
2018	$1,421,106	$1,305,960	$1,181,343	$115,146

Laborers International Union of North America Local 517