LABNET INC

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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

1999

Legal Domicile

Principal Officer

LAURIE A PETERSEN

Phone

4142264804

Tax Period

2023-09-01 to 2024-08-31

LABNET INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2023.

Mission

ASSOCIATION OF MANAGEMENT LABOR LAW FIRMS.

Program Service Accomplishments

Program 1

Expenses: $120,589 Revenue: $2,799

MEMBER SERVICES - THE ORGANIZATION PROVIDES SERVICES TO ITS MEMBERS INCLUDING COORDINATING AND MAINTAINING A COMPUTERIZED DATABASE OF RESEARCH MATERIAL AND POLLED INFORMATION FOR ACCESS BY ALL MEMBER FIRMS, PROVIDING WEBINARS ON EMPLOYMENT LAW, AND OVERSEEING AN EMAIL SYSTEM FOR MEMBER FIRMS FOR INFORMATION SHARING

Program 2

Expenses: $106,342 Revenue: $62,518

CONFERENCES - THE ORGANIZATION ORGANIZES ANNUAL SPRING AND FALL CONFERENCES WHICH INCLUDES CONTINUING LEGAL EDUCATION IN CONJUNCTION WITH EACH MEETING.

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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 $159,389

Program Service Revenue $65,317

Investment Income $259

Other Revenue $0

TOTAL REVENUE $224,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,931

Other Expenses $247,293

TOTAL EXPENSES $247,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,965	$224,886	+0.0%
Expenses	$247,293	$246,004	+0.0%
Net Income	$-22,328	$-21,118	+0.1%

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
BRYANT BANES	TREASURER/SECRETARY	10.00	Officer Director	$0	$0	$0
LAURIE PETERSEN	PRESIDENT	7.00	Officer Director	$0	$0	$0
SALLY SCHMIDT	EXECUTIVE DIRECTOR	10.00	Officer	$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
2025	No data	No data	No data	No data
2024	$224,965	$247,293	$224,191	$-22,328
2023	$224,886	$246,004	$246,519	$-21,118