LABOR-MANAGEMENT COOPERATION TRUST

EIN: 756418708

RICHARDSON, TX

Total Revenue
$869,710
Total Expenses
$890,245
Total Assets
$889,172
Net Assets
$887,422
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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
1990
Legal Domicile
TX
Principal Officer
ROBERT G DARDEN
Phone
9726800261
Tax Period
2023-01-01 to 2023-12-31

LABOR-MANAGEMENT COOPERATION TRUST, founded in 1990, is a small nonprofit that reported $870K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

1. PLANNING FOR EVENTS AND SERVICES TO BE RENDERED IN ACCORDANCE WITH EXEMPT FUNCTION. 2. CREATION AND DISTRIBUTION OF PUBLICATIONS WHICH PROVIDE VALUABLE INFORMATION TO MEMBERS TO AID IN BUSINESS AND TO PROMOTE THE PIPELINE INDUSTRY. 3. NEWSLETTER DISCUSSES SUCH TOPICS AS OSHA SPONSORED COMPREHENSIVE SAFETY AND HEALTH REFORM ACT, NEW DOT ALCOHOL TESTING LEGISLATION, AND INDUSTRY AWARDS FOR SAFETY. 4. PLANNING FOR THE PRODUCTION OF PROGRAMS ON SAFETY, GOVERNMENT, REGULATORY REQUIREMENTS, INDUSTRY PROMOTION, MANAGEMENT AND EMPLOYEE TRAINING AND PUBLIC EDUCATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $869,667
Program Service Revenue $0
Investment Income $43
Other Revenue $0
TOTAL REVENUE $869,710

Expense Breakdown

Grants Paid $700,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $722,123
Other Expenses $190,245
TOTAL EXPENSES $890,245

Year-over-Year Comparison

2023 2022 Change
Revenue $869,710 $917,023 -0.1%
Expenses $890,245 $884,320 +0.0%
Net Income $-20,535 $32,703 -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

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Governance

Voting Members
8
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
1
$339,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA HILLEBRANT-NEVE TRUSTEE 1.00
Director
$0 $0 $0
PETE FOJTIK TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND SWERDFEGER TRUSTEE 1.00
Director
$0 $0 $0
ROCCO DAVIS TRUSTEE 1.00
Director
$0 $0 $0
TERRENCE M HEALY TRUSTEE 1.00
Director
$0 $0 $0
TERRY O'SULLIVAN GENERAL PRESIDENT 1.00
Director
$0 $0 $0
ROBERT G DARDEN EXECUTIVE DIRECTOR 5.00
Officer
$0 $0 $339,000
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 $869,710 $890,245 $889,172 $-20,535
2022 $917,023 $884,320 $909,705 $32,703
2021 $864,397 $838,068 $877,002 $26,329
2020 $885,446 $809,437 $850,673 $76,009
2019 $824,315 $761,210 $776,211 $63,105
2018 $848,328 $748,723 $713,311 $99,605
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