UNITED ASSOCIATION LOCAL 110 LABOR MANAGEMENT COOP MARKET RECOVERY FUN

EIN: 836271276 Education

NORFOLK, VA

Total Revenue
$384,937
Total Expenses
$397,917
Total Assets
$1,435,535
Net Assets
$1,435,535
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
KRIS BEGOLLY
Phone
7575874768
Tax Period
2024-01-01 to 2024-12-31

UNITED ASSOCIATION LOCAL 110 LABOR MANAGEMENT COOP MARKET RECOVERY FUND, founded in 2018, is a small nonprofit in the Education sector that reported $326K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $323K, a strong 99% operating margin.

Mission

THE MISSION OF UNITED ASSOCIATION LOCAL 110 LOCAL LABOR MANAGEMENT COOPERATION MARKET RECOVERY FUND IS TO BETTER THE CONDITIONS OF WORKERS, IMPROVE THE GRADE OF THEIR PRODUCTS, DEVELOP A HIGHER DEGREE OF EFFICIENCY IN THEIR RESPECTIVE OCCUPATIONS (THE PLUMBING AND PIPEFITTING TRADES), AND FACILITATE LABOR MANAGEMENT COOPERATION ON ISSUES OF MUTUAL CONCERN, NOT ONLY TO THE COLLECTIVE BARGAINING PARTIES, BUT ALSO TO THE GENERAL PUBLIC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $384,937
Investment Income $0
Other Revenue $0
TOTAL REVENUE $384,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $397,917
TOTAL EXPENSES $397,917

Year-over-Year Comparison

2024 2023 Change
Revenue $384,937 $360,369 +0.1%
Expenses $397,917 $205,918 +0.9%
Net Income $-12,980 $154,451 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRIS BEGOLLY TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY BRANCH TRUSTEE 1.00
Director
$0 $0 $0
STEVE MASTERSON TRUSTEE 1.00
Director
$0 $0 $0
JAMES MATTHEWS 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 $384,937 $397,917 $1,435,535 $-12,980
2023 $360,369 $205,918 $1,448,515 $154,451
2022 $348,268 No data $1,294,064 No data
2021 $325,852 $2,366 $945,796 $323,486
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