LABORERS UNION LOCAL 324 (EIN 940401878) - 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

1920

Legal Domicile

Principal Officer

DOUG LEMOINE

Phone

9252280930

Tax Period

2024-01-01 to 2024-12-31

LABORERS UNION LOCAL 324, founded in 1920, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Net assets of $9.5M represent 25 months of operating reserves.

Mission

TO PROMOTE BETTER WAGES, BENEFITS AND WORKING CONDITIONS FOR OUR MEMBERS.

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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 $4,134,769

Investment Income $279,632

Other Revenue $69,942

TOTAL REVENUE $4,484,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,451,375

Fundraising Expenses $0

Program Expenses $1,489,917

Other Expenses $2,068,064

TOTAL EXPENSES $4,519,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,484,343	$4,674,488	0.0%
Expenses	$4,519,439	$4,606,895	0.0%
Net Income	$-35,096	$67,593	-1.5%

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

$1,243,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LEMOINE	PAST BUS MGR-SECTREAS	40.00	Officer	$250,738	$0	$250,738
EDUARDO ESPINOZA	RECORDING SECRETARYBUS MGR	40.00	Officer	$182,098	$0	$182,098
DOUG LEMOINE	PRESIDENT	40.00	Officer	$166,497	$0	$166,497
TRESTON SHULL	VICE PRESIDENT	40.00	Officer	$166,497	$0	$166,497
LARRY PROCTOR	PAST PRESIDENT	40.00	Officer	$166,497	$0	$166,497
JAIME OLIVARES	EXECUTIVE BOARD	40.00	Officer	$150,413	$0	$150,413
FERNANDO CAMPOS	EXECUTIVE BOARD	40.00	Officer	$85,699	$0	$85,699
TRANQUILLINO CURIEL	EXECUTIVE BOARD	40.00	Officer	$48,112	$0	$48,112
DAVID GEORGE	PAST BUSINESS AGENT	40.00	Officer	$26,781	$0	$26,781
FRANK BECERRA	SGT AT ARMS	5.00	Officer	$0	$0	$0
FERNANDO VELASQUEZ JR	AUDITOR	5.00	Officer	$0	$0	$0
DANIEL BARWELA	EXECUTIVE BOARD	5.00	Officer	$0	$0	$0
FRANK BECERRA	SGT AT ARMS	5.00	Officer	$0	$0	$0
KENNETH TALTON	AUDITOR	5.00	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
2024	$4,484,343	$4,519,439	$9,524,199	$-35,096
2023	$4,674,488	$4,606,895	$9,570,105	$67,593
2022	$4,805,837	$4,547,546	$9,494,017	$258,291
2021	$4,574,455	$4,283,574	$9,247,964	$290,881
2020	$4,531,456	$4,206,384	$8,953,877	$325,072

LABORERS UNION LOCAL 324