LABOR MANAGEMENT COOPERATION TRUST OF THE NORTH CENTRAL STATES REGIONAL COUNC (EIN 680572562) - 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

2003

Legal Domicile

Principal Officer

DEREK ALLEN

Phone

7158353174

Tax Period

2023-01-01 to 2023-12-31

LABOR MANAGEMENT COOPERATION TRUST OF THE NORTH CENTRAL STATES REGIONAL COUNC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $942K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $225K, a strong 24% operating margin.

Mission

TO PROMOTE A GOOD WORKING RELATIONSHIP BETWEEN LABOR AND MANAGEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $915,462

Investment Income $26,799

Other Revenue $113

TOTAL REVENUE $942,374

Expense Breakdown

Grants Paid $60,598

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $657,127

TOTAL EXPENSES $717,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$942,374	$848,592	+0.1%
Expenses	$717,725	$763,152	-0.1%
Net Income	$224,649	$85,440	+1.6%

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

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	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY SCHOLZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
COREY BIALCIK	LABOR TRUSTEE	1.00	Director	$0	$0	$0
BOB BARKER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MIKE SHEA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ADAMAVICH	LABOR TRUSTEE	1.00	Director	$0	$0	$0
WAYNE NORDIN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
MARK KESSENICH	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	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