MIDWEST COALITION OF LABOR (EIN 831371306) - 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

2018

Legal Domicile

Principal Officer

KENNETH E EDWARDS

Phone

7084828800

Tax Period

2023-01-01 to 2023-12-31

MIDWEST COALITION OF LABOR, founded in 2018, is a community nonprofit in the Employment sector that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $940K, a strong 17% operating margin.

Mission

TO HELP UNIONS PROVIDE THEIR MEMBERSHIPS TOP-TIER BENEFITS AT THE LOWEST POSSIBLE COST

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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 $5,517,078

Investment Income $62,760

Other Revenue $0

TOTAL REVENUE $5,579,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $136,011

TOTAL EXPENSES $4,639,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,579,838	$5,000,309	+0.1%
Expenses	$4,639,617	$4,255,000	+0.1%
Net Income	$940,221	$745,309	+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

$345,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD FINN	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES P CONNOLLY	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY PERINAR	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
JASON GEORGE	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH E EDWARDS	EXECUTIVE DIRECTOR	40.00	Officer	$345,000	$0	$345,000

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	$5,579,838	$4,639,617	$3,697,065	$940,221
2022	$5,000,309	$4,255,000	$2,756,844	$745,309
2021	$3,931,429	$3,207,330	$2,011,535	$724,099
2021	$3,931,429	$3,207,330	$2,011,535	$724,099
2020	$3,476,638	$2,762,113	$1,287,436	$714,525
2018	$1,040,613	$749,380	$291,233	$291,233

MIDWEST COALITION OF LABOR