LABOR MANAGEMENT COOPERATIVE TRUST OF HFIW LOCAL 12

EIN: 993069648

LONG ISLAND CITY, NY

Total Revenue
$245,738
Total Expenses
N/A
Total Assets
$245,738
Net Assets
$245,738
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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
2024
Legal Domicile
NY
Principal Officer
JOHN JOVIC
Phone
7187848883
Tax Period
2024-06-01 to 2024-12-31

LABOR MANAGEMENT COOPERATIVE TRUST OF HFIW LOCAL 12, founded in 2024, is a small nonprofit that reported $246K in total revenue in fiscal year 2024.

Mission

TO IMPROVE LABOR MANAGEMENT RELATIONSHIPS, PRESERVE EMPLOYMENT SECURITY, IMPROVE COMMUNICATION BETWEEN LABOR AND MANAGEMENT, AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF HEAT AND FROST INSULATORS AND EMPLOYEES IN THE INDUSTRY, PRIMARILY BY AWARDING GRANTS TO ELIGIBLE EMPLOYERS WHO ARE COLLECTIVELY BARGAINED IN THE UNION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $245,738
Investment Income $0
Other Revenue $0
TOTAL REVENUE $245,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $245,738 N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN JOVIC UNION TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER COOK UNION TRUSTEE 1.00
Director
$0 $0 $0
DONALD DONNELLY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
AL DURANTI EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
BRIAN AULL EMPLOYER TRUSTEE 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
2024 $245,738 No data $245,738 No data
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