HEAVY & GENERAL LABORERS UNION LOCALS 472 & 172 OF NJ MARKET RECOVERY FUND

EIN: 876623935 Employment

NEWARK, NJ

Total Revenue
$7,096,808
Total Expenses
$332,853
Total Assets
$21,967,430
Net Assets
$21,743,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NJ
Principal Officer
RUSSELL BLEY
Phone
9735895050
Tax Period
2024-04-01 to 2025-03-31

HEAVY & GENERAL LABORERS UNION LOCALS 472 & 172 OF NJ MARKET RECOVERY FUND, founded in 2021, is a community nonprofit in the Employment sector that reported $7.1M in total revenue in fiscal year 2024. The organization ran a surplus of $6.8M, a strong 95% operating margin.

Mission

TO IMPROVE COMMUNICATIONS AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS BETWEEN AND AMONG REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST AND TO PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES REPRESENTED BY THE UNION AND THEIR EMPLOYERS IN THE INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,483,167
Investment Income $613,641
Other Revenue $0
TOTAL REVENUE $7,096,808

Expense Breakdown

Grants Paid $289,963
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $42,890
TOTAL EXPENSES $332,853

Year-over-Year Comparison

2024 2023 Change
Revenue $7,096,808 $6,745,191 +0.1%
Expenses $332,853 $64,257 +4.2%
Net Income $6,763,955 $6,680,934 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
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
1
$268,466
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANUEL AMADOR JR CO-CHAIRMAN 1.00
Director
$0 $0 $0
JACK KOCSIS JR CO-CHAIRMAN 1.00
Director
$0 $0 $0
MICHAEL GIUNTA TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY S WATERS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL E HELLSTROM JR TRUSTEE 1.00
Director
$0 $0 $0
FRANK CRISCOLA JR TRUSTEE 1.00
Director
$0 $0 $0
LUIS RECIO TRUSTEE 1.00
Director
$0 $0 $0
NELSON FERREIRA TRUSTEE - THRU 4/24 1.00
Director
$0 $0 $0
ANTHONY CAPACCIO TRUSTEE 1.00
Director
$0 $0 $0
DAVID RIBLE TRUSTEE 1.00
Director
$0 $0 $0
BRIAN DELPOME TRUSTEE - EFF 4/24 1.00
Director
$0 $0 $0
RUSSELL BLEY ADMINISTRATOR 5.00
Officer
$0 $78,294 $268,466
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 $7,096,808 $332,853 $21,967,430 $6,763,955
2024 $6,745,191 $64,257 $15,007,018 $6,680,934
2023 $1,078,482 $8,054 $7,321,278 $1,070,428
2022 $6,298,821 $47,971 $6,250,850 $6,250,850
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