Laborers Building Industry Stabilization

Nonprofit profile at a glance

EIN
686057668
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Walnut Creek, CA, USA
Phone
9259300353
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$651,233
Expenses
$373,305
Assets
$4,257,888
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • OSCAR DE LA TORRE (Chairman)
  • RAMON HERNANDEZ (Trustee)
  • MICHAEL WALTON (Secretary/Ttee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The laborers building industry stabilization trust fund is set up as an area and industry wide labor management co-operation committee as provided for by sections 302 (c) (9) of the taft hartley act 29 U.S.c. Section 106 (c) (9) it's exempt purpose is labor relations, and the implementation of the provisions of section 9b of the laborers master agreement of northern California.since august 2006 this has been modified to include funds collected for the laborers work preservation committee to provide that such funds collected shall be used to enhance builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement.

What it reported doing in 2024

The fund collected contributions based on hours worked from individual employers performing work within the area covered by the laborers 46 northern California counties master agreement.these funds are used to enhance builder competitiveness and preserve work opportunities for employees and individual employers covered by the agreement.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.6%; rating input score 38
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 42.7%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 11.41; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 21.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 37.6% of revenue deployed · 87% of spending went to programs
  • Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $150K reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 13 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.