Laborers International Union of North America 353 Local Union

Nonprofit profile at a glance

EIN
420428005
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Des Moines, IA, USA
Phone
5152656131
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Labor Unions

Reported finances

Revenue
$878,352
Expenses
$760,107
Assets
$313,125
Liabilities
$110,867

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DAVID SCOTT MILES (PRESIDENT)
  • KEVIN LANCIAL (VICE PRESIDENT)

Highest reported compensation

  • THOMAS HAYES (SECRETARY, TREASURER, BUSI): $119,505 total reported compensation
  • MIKE WECKMAN (TRUSTEE): $107,811 total reported compensation
  • DAVID SCOTT MILES (PRESIDENT): $1,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Labor union

What it reported doing in 2015

To serve members interest with respect to working conditions and compensation.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 81% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 55
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 100%; rating input score 100
  • 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: 71.4%; rating input score 71; 13th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.5%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 30.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 11.7% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 26.3% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 7 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $760K in reported program spending
  • Leadership: top reported pay $120K · 7 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.