LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 576 (EIN 610235277) - 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

1936

Legal Domicile

Principal Officer

CORNELIUS COTTON

Phone

5023750581

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 576, founded in 1936, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 38% operating margin.

Mission

LABOR UNION ORGANIZATION DEVOTED TO INSURING MEMBER SAFETY, CONTRACT NEGOTIATIONS FOR WAGES, HEALTH INSURANCE, PENSION BENEFITS, TRAINING BENEFITS, WORKING CONDITION BENEFITS, AND ETC.

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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 $3,106,427

Investment Income $171,766

Other Revenue $1,455,000

TOTAL REVENUE $4,733,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $823,384

Fundraising Expenses $0

Other Expenses $874,352

TOTAL EXPENSES $2,953,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,733,193	$1,912,521	+1.5%
Expenses	$2,953,326	$1,435,746	+1.1%
Net Income	$1,779,867	$476,775	+2.7%

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

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

$554,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORNELIUS COTTON	Treasurer	40.00	Officer	$133,462	$69,251	$202,713
DWAYNE MCCAULEY	President	40.00	Officer	$113,034	$64,727	$177,761
CHRISTOPHER VOLZ	Vice President	40.00	Officer	$109,187	$64,727	$173,914
JEFFREY MCCAULEY	Trustee	5.00	Officer	$0	$0	$0
KENNETH QUIGGINS	Trustee	5.00	Officer	$0	$0	$0
JEFFREY EMBRY	Trustee	5.00	Officer	$0	$0	$0
YARA RAMOS	Trustee	5.00	Officer	$0	$0	$0
TREVOR WILLIAMS	Trustee	5.00	Officer	$0	$0	$0
JOHNATHAN SCHWARTZ	Trustee	5.00	Officer	$0	$0	$0
DENNIS O'DANIEL	Trustee	5.00	Officer	$0	$0	$0
WILLIAM PHILLIPS	Trustee	5.00	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
2024	$4,733,193	$2,953,326	$4,337,006	$1,779,867
2023	$1,912,521	$1,435,746	$2,568,324	$476,775
2022	$1,159,045	$1,213,807	$1,869,425	$-54,762
2021	$1,109,738	$1,137,923	$2,219,899	$-28,185
2020	$1,268,024	$1,406,535	$2,283,563	$-138,511

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 576