Laborers Union Local 304 (EIN 940613585) - 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

1940

Legal Domicile

Principal Officer

FERNANDO ESTRADA

Phone

5105819600

Tax Period

2024-01-01 to 2024-12-31

Laborers Union Local 304, founded in 1940, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 7% surplus.

Mission

IMPROVE WELFARE AND WORKING CONDITIONS OF WORKERS THROUGH JOB DISPATCH, REPRESENTATION & EDUCATION OF 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 $4,467,619

Investment Income $889,929

Other Revenue $29,461

TOTAL REVENUE $5,387,009

Expense Breakdown

Grants Paid $98,079

Salaries & Benefits $2,400,445

Fundraising Expenses $0

Other Expenses $2,505,961

TOTAL EXPENSES $5,013,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,387,009	$5,420,490	0.0%
Expenses	$5,013,485	$5,802,153	-0.1%
Net Income	$373,524	$-381,663	-2.0%

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

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

$1,582,522

Total Directors

$1,563,322

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FERNANDO ESTRADA	BUS MGR/SEC TRS	40.0	Officer Director	$175,038	$103,755	$278,793
JOSE CHAVEZ	REC SECRETARY	40.0	Officer Director	$160,236	$103,755	$263,991
RAFAEL GONZALEZ	PRESIDENT	40.0	Officer Director	$160,043	$103,755	$263,798
EDUARDO SANROMAN	VICE-PRESIDENT	40.0	Officer Director	$159,991	$103,754	$263,745
BALDOMERO GONZALEZ	EXC BRD/BUS AGENT	40.0	Officer Director	$159,782	$103,754	$263,536
CARLOS SANROMAN	EXC BRD/DISPATCH	40.0	Officer Director	$120,905	$103,754	$224,659
Erasmo R Estrada	EXC BRD/STEW	1.0	Officer Director	$4,800	$0	$4,800
JAMES M TONOWSKI	SERGEANT AT ARMS	1.0	Officer	$4,800	$0	$4,800
VINCENT VICTORY	AUDITOR	1.0	Officer	$4,800	$0	$4,800
ALVARO IBARRA	AUDITOR	1.0	Officer	$4,800	$0	$4,800
DANIEL ESPARZA	AUDITOR	1.0	Officer	$4,800	$0	$4,800

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	$5,387,009	$5,013,485	$29,880,384	$373,524
2023	$5,420,490	$5,802,153	$29,183,071	$-381,663
2022	$5,411,610	$5,627,933	$29,101,718	$-216,323
2021	$5,605,512	$4,370,503	$29,296,332	$1,235,009
2020	$5,664,868	$4,316,719	$28,187,605	$1,348,149
2019	$5,759,821	$4,353,621	$27,595,756	$1,406,200
2018	$5,640,241	$4,212,764	$26,293,175	$1,427,477

Laborers Union Local 304