Laborers Local 348 Temple Association Inc

EIN: 916054801

RICHLAND, WA

Total Revenue
$61,100
Total Expenses
$102,495
Total Assets
$639,419
Net Assets
$369,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
WA
Principal Officer
FRANCISCO ELGUEZABAL
Phone
5094204581
Tax Period
2022-01-01 to 2022-12-31

Laborers Local 348 Temple Association Inc, founded in 1954, is a micro nonprofit that reported $61K in total revenue in fiscal year 2022. Expenses of $102K exceeded revenue, resulting in a 68% operating deficit.

Mission

Provide, maintain, and operate a building to be used by Laborers International Union of North America Local Union No. 348 (the Union) for Union purposes and to rent out portions of the facilities at any time they are not being used by the Union. The Association is dependent on the Union to fund its activities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $61,100
Investment Income $0
Other Revenue $0
TOTAL REVENUE $61,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,035
Fundraising Expenses $0
Other Expenses $101,460
TOTAL EXPENSES $102,495

Year-over-Year Comparison

2022 2021 Change
Revenue $61,100 $62,800 0.0%
Expenses $102,495 $108,973 -0.1%
Net Income $-41,395 $-46,173 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
4
$585
Total Directors
15
$1,035
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE GRESSER Exec. Board Mbr 1.00
Director
$180 $0 $180
JAMES ERIC THRIFT PRESIDENT 2.00
Officer Director
$180 $0 $180
JESSICA BOSSE-Wadsworth RECORDING SEC 1.00
Director
$180 $0 $180
FRANCISCO ELGUEZABAL Sect/Treasurer 2.00
Officer Director
$180 $0 $180
CHARLES M ELLINGER VICE PRESIDENT 2.00
Officer Director
$180 $0 $180
Lance Fox Exec Board Mbr 1.00
Director
$90 $0 $90
KAYNE SEGURA Sect/Treasurer 2.00
Officer Director
$45 $0 $45
Rich Stelter Auditor 1.00
Director
$0 $0 $0
Donovan Lalka Exec Board Mbr 1.00
Director
$0 $0 $0
Rick Glazier Auditor 1.00
Director
$0 $0 $0
Nate Mack Auditor 1.00
Director
$0 $0 $0
Randy Scott Auditor 1.00
Director
$0 $0 $0
Franklin Myers Sgt At Arms 1.00
Director
$0 $0 $0
Gabriel Rodriguez Auditor 1.00
Director
$0 $0 $0
Pablo Palomarez Exec Board Mbr 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
2022 $61,100 $102,495 $639,419 $-41,395
2021 $62,800 $109,027 $697,006 $-46,227
2020 $68,536 $99,718 $757,393 $-31,182
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