LABOR MANAGEMENT COOPERATION TRUST… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

DEREK ALLEN

Phone

7158353174

Tax Period

2024-01-01 to 2024-12-31

LABOR MANAGEMENT COOPERATION TRUST OF THE NORTH CENTRAL STATES REGIONAL COUNC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 25% operating margin.

Mission

TO PROMOTE A GOOD WORKING RELATIONSHIP BETWEEN LABOR AND MANAGEMENT

Program Service Accomplishments

Program 1

TO IMPROVE COMMUNICATIONS BETWEEN LABOR & MANAGEMENT; TO IMPROVE WORK OPPORTUNITIES FOR UNION MEMBERS AND THEIR EMPLOYERS; TO PROMOTE EFFICIENCY AND COMPETIVENESS OF THE UNION MEMBERS AND THEIR...

TO IMPROVE COMMUNICATIONS BETWEEN LABOR & MANAGEMENT; TO IMPROVE WORK OPPORTUNITIES FOR UNION MEMBERS AND THEIR EMPLOYERS; TO PROMOTE EFFICIENCY AND COMPETIVENESS OF THE UNION MEMBERS AND THEIR EMPLOYERS; TO SURVEY CONSTRUCTION TRENDS TO MAKE CERTAIN SHARED OBJECTIVES; AND TO SHARE INFORMATION WITH OTHER UNIONS AND EMPLOYERS.

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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 $1,106,511

Investment Income $35,172

Other Revenue $213

TOTAL REVENUE $1,141,896

Expense Breakdown

Grants Paid $58,753

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $792,702

TOTAL EXPENSES $851,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,141,896	$942,374	+0.2%
Expenses	$851,455	$717,725	+0.2%
Net Income	$290,441	$224,649	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT RODRIGUEZ	LABOR TRUSTEE	1.00	Director	$0	$0	$0
BARRY SCHOLZ	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
COREY BIALCIK	LABOR TRUSTEE (LEFT 7/24)	1.00	Director	$0	$0	$0
BOB BARKER	MANAGEMENT TRUSTEE (LEFT 7/24)	1.00	Director	$0	$0	$0
MIKE SHEA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ADAMAVICH	LABOR TRUSTEEE, SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
WAYNE NORDIN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
MARK KESSENICH	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HENNESSEY	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DEREK ALLEN	MANAGEMENT TRUSTEE, CHARIMAN	1.00	Officer Director	$0	$0	$0
CHUCK SPOEHR	MANAGEMENT TRUSTEE	1.00	Director	$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	$1,141,896	$851,455	$1,152,893	$290,441
2024	No data	No data	No data	No data
2023	$942,374	$717,725	$864,987	$224,649
2022	$848,592	$763,152	$638,625	$85,440
2021	$809,096	$753,192	$559,785	$55,904
2020	$764,434	$757,683	$501,918	$6,751
2019	$719,187	$874,442	$493,146	$-155,255
2018	$806,418	$978,566	$660,907	$-172,148

LABOR MANAGEMENT COOPERATION TRUST OF THE NORTH CENTRAL STATES REGIONAL COUNC