LAUNDRY & DRY CLEANING WORKERS LOCAL NO 52 HANDW TRUST (EIN 956048415) - 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

1959

Legal Domicile

Principal Officer

CHRISTINA VASQUEZ

Phone

5624635060

Tax Period

2023-01-01 to 2023-12-31

LAUNDRY & DRY CLEANING WORKERS LOCAL NO 52 HANDW TRUST, founded in 1959, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2023. The organization ran a surplus of $2.4M, a strong 20% operating margin.

Mission

TO PROVIDE ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH & WELFARE BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,326,954

Investment Income $980,205

Other Revenue $807,514

TOTAL REVENUE $12,114,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,742,164

Other Expenses $1,100,134

TOTAL EXPENSES $9,742,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,114,673	$11,302,215	+0.1%
Expenses	$9,742,164	$8,238,136	+0.2%
Net Income	$2,372,509	$3,064,079	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA VAZQUEZ	CHAIRMAN	5.00	Director	$0	$0	$0
MARIA RIVERA	TRUSTEE	5.00	Director	$0	$0	$0
EVELYN ZEPEDA	TRUSTEE	5.00	Director	$0	$0	$0
JUAN FLORES	TRUSTEE	5.00	Director	$0	$0	$0
BRAD CHAMPAGNE	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT CORNWELL	TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$12,114,673	$9,742,164	$44,079,140	$2,372,509
2022	$11,302,215	$8,238,136	$40,074,283	$3,064,079
2021	$10,413,849	$7,911,603	$39,476,577	$2,502,246
2020	$9,440,513	$8,122,987	$37,585,660	$1,317,526
2019	$13,442,233	$7,117,939	$35,215,812	$6,324,294
2018	$13,683,924	$6,876,512	$27,840,308	$6,807,412

LAUNDRY & DRY CLEANING WORKERS LOCAL NO 52 HANDW TRUST