LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL UNION NO 242 (EIN 910256840) - Form 990 Financial Analysis & Trantor Score

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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

1903

Legal Domicile

Principal Officer

DALE W CANNON

Phone

2064410470

Tax Period

2024-01-01 to 2024-12-31

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL UNION NO 242, founded in 1903, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2024. Expenses of $11.6M left a modest 15% surplus.

Mission

SERVING THE GREATER SEATTLE AREA, THE UNION IS COMMITTED TO WORKING ON BEHALF OF THEIR MEMBERS WITH THE MAIN GOAL OF MAKING THE QUALITY OF LIFE BETTER FOR THEM AND THEIR FAMILIES.

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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 $10,754,722

Investment Income $1,971,741

Other Revenue $862,635

TOTAL REVENUE $13,589,098

Expense Breakdown

Grants Paid $290,897

Salaries & Benefits $6,607,731

Fundraising Expenses $0

Other Expenses $4,644,101

TOTAL EXPENSES $11,573,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,589,098	$12,696,393	+0.1%
Expenses	$11,573,954	$11,248,101	+0.0%
Net Income	$2,015,144	$1,448,292	+0.4%

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

N/A

Employees

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

$3,075,125

Total Directors

$2,229,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE W CANNON	SEC/TREAS/BUS MGR/E-BD	36.50	Officer Director	$265,748	$98,565	$364,313
MICHAEL WHITESIDE	PRES/ASST BUS MGR/E-ED	36.50	Officer Director	$244,158	$90,957	$335,115
TRAVIS LAMOUREUX	E-BD/ORGANIZING DIR	39.50	Officer Director	$237,873	$89,416	$327,289
SAMUEL GARCIA	DISPATCH/E-BD	39.50	Officer Director	$227,753	$89,392	$317,145
DANNY BANUELOS	VICE PRES/E-BD/BUS AGENT	39.50	Officer Director	$222,728	$88,316	$311,044
RUSSELL ROBINSON	RECORD SEC/E-BD/BUS AGENT	39.50	Officer Director	$218,031	$83,118	$301,149
ANDREA ORNELAS	E-BD/ASST POL DIR	39.50	Officer Director	$194,064	$79,615	$273,679
JIM VASQUEZ	AUDITOR/BUS AGENT	40.00	Officer	$200,937	$82,561	$283,498
CARLISS BUSSEY	SGT AT ARMS/BUS AGENT	40.00	Officer	$206,537	$82,919	$289,456
CHINUE COLLINS	ORGANIZER/AUDITOR	40.00	Officer	$192,615	$79,222	$271,837
VICTORIA BURK	AUDITOR	0.50	Officer	$600	$0	$600
SCOTT SANCHEZ	ORGANIZER/BUS AGENT	40.00	Highest	$224,139	$87,544	$311,683
BILLY HETHERINGTON	POLITICAL DIRECTOR	40.00	Highest	$233,788	$90,094	$323,882
JEFFREY WHALEY	BUS AGENT	40.00	Highest	$216,608	$86,103	$302,711
JUAN ESPINOZA	BUS AGENT	40.00	Highest	$203,001	$83,638	$286,639
WILLIAM MEEK	BUS AGENT	40.00	Highest	$203,365	$83,638	$287,003

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	$13,589,098	$11,573,954	$27,865,996	$2,015,144
2023	$12,696,393	$11,248,101	$25,901,972	$1,448,292
2022	$13,036,538	$10,844,674	$24,440,800	$2,191,864
2021	$12,226,526	$9,004,835	$22,238,394	$3,221,691
2020	$8,744,862	$7,696,393	$18,529,532	$1,048,469
2019	$9,681,045	$8,779,857	$17,539,515	$901,188
2018	$10,843,519	$13,699,933	$16,528,213	$-2,856,414

LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL UNION NO 242