BALTIMORE-WASHINGTON LABORERS' DIS… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

JULIO PALOMO

Phone

2027268820

Tax Period

2024-01-01 to 2024-12-31

BALTIMORE-WASHINGTON LABORERS' DISTRICT COUNCIL SPECIALTY CONTRACT, founded in 2020, is a small nonprofit that reported $111K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 33% operating margin.

Mission

TO PROVIDE CONSTRUCTION LABORERS' TRAINING TO GAIN NEW SKILLS OR UPGRADE THEIR CURRENT SKILLS.

Program Service Accomplishments

Program 1

Expenses: $7,345

TO PROVIDE CONSTRUCTION LABORERS' TRAINING TO GAIN NEW SKILLS OR UPGRADE THEIR CURRENT SKILLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,210

Investment Income $0

Other Revenue $105,226

TOTAL REVENUE $111,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,345

Other Expenses $74,657

TOTAL EXPENSES $74,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,436	$560,155	-0.8%
Expenses	$74,657	$208,504	-0.6%
Net Income	$36,779	$351,651	-0.9%

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

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
JULIO PALOMO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIGUEL DIAZ	TRUSTEE	1.00	Director	$0	$0	$0
PK GOEL	TRUSTEE	1.00	Director	$0	$0	$0
RALPH KEW	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN LANNING	TRUSTEE	1.00	Director	$0	$0	$0
JOHN TULLY	SECRETARY	1.00	Officer 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	$111,436	$74,657	No data	$36,779
2023	$560,155	$208,504	$1,261,816	$351,651
2022	$568,001	$200,354	$910,165	$367,647
2021	$443,607	$225,620	$558,654	$217,987
2020	$72,195	$59,363	$75,483	$12,832

BALTIMORE-WASHINGTON LABORERS' DISTRICT COUNCIL SPECIALTY CONTRACT