FINISHING INDUSTRY LABOR MANAGEMENT PARTNERSHIP

EIN: 832588507

HANOVER, MD

Total Revenue
$81,158
Total Expenses
$12,622
Total Assets
N/A
Net Assets
N/A
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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
MD
Principal Officer
JAMES A WILLIAMS JR
Phone
4105645931
Tax Period
2022-07-01 to 2023-06-30

FINISHING INDUSTRY LABOR MANAGEMENT PARTNERSHIP, founded in 2018, is a micro nonprofit that reported $81K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 84% operating margin.

Mission

THE LMP IS ESTABLISHED FOR ANY AND ALL OF THE PURPOSES SET FORTH IN THE LABOR MANAGEMENT COOPERATION ACT OF 1978.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $77,226
Investment Income $0
Other Revenue $3,932
TOTAL REVENUE $81,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,622
TOTAL EXPENSES $12,622

Year-over-Year Comparison

2022 2021 Change
Revenue $81,158 $3,213,466 -1.0%
Expenses $12,622 $17,501 -0.3%
Net Income $68,536 $3,195,965 -1.0%
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
20
Independent Members
20
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
0
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WILLIAMS JR CO-CHAIR 1.00
Director
$0 $0 $0
APOSTOLOS TSOUROUS CO-CHAIR 1.00
Director
$0 $0 $0
ROBERT KUCHERAN LABOR TRUSTEE 1.00
Director
$0 $0 $0
TODD SPRINGER LABOR TRUSTEE 1.00
Director
$0 $0 $0
GREGG SMITH LABOR TRUSTEE 1.00
Director
$0 $0 $0
PAUL CANNING LABOR TRUSTEE 1.00
Director
$0 $0 $0
CHARLIE MEADOWS LABOR TRUSTEE 1.00
Director
$0 $0 $0
MIKE GUTIERREZ LABOR TRUSTEE 1.00
Director
$0 $0 $0
MARK KOMAROMI LABOR TRUSTEE 1.00
Director
$0 $0 $0
SHANE SMITH LABOR TRUSTEE 1.00
Director
$0 $0 $0
CHRIS BAGATELOS MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
DANIEL JOSEPH DALY MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
FRED EPISCOPO MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
DAVE JOHNSON MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
LOUIS LYRAS MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
KURK ROGERS MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
MARK SWITZER MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
TERRY WEBB MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
THOMAS STEEVES MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
JORDAN POOLE 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
2023 $81,158 $12,622 No data $68,536
2022 $3,213,466 $17,501 $1,857,682 $3,195,965
2021 $3,397,961 $14 $2,911,934 $3,397,947
2020 $3,081,306 $13,422 $1,640,061 $3,067,884
2019 $1,082,408 $22,038 $1,060,370 $1,060,370
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