Laborers International Union of North America Local #703

Nonprofit profile at a glance

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

8 people listed

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

Operation of laborers local union for the benefit of its members.

Revenue model: Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 40%; rating input score 40; 27th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 32.8%; rating input score 86; 86th percentile among comparable filings
Total-asset coverage ratio: 2.98; rating input score 75; 75th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
Officer compensation ratio: 33.8%; rating input score 5; 5th percentile among comparable filings

Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
Revenue growth: -0.6% per year; rating input score 0; 13th percentile among comparable filings
Asset growth: 2% per year; rating input score 100; 25th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 7 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $217K · 8 people listed · 1 of 6 pay-setting controls reported
Consistency: 12 of 14 current checks pass · 2 findings to review
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 12 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 9 filed money-flow records
Related organizations: 1 filed related-organization link
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.

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

High — Accountability: Independent voting board scored 0/100.
Moderate — Transparency & Controls: Grant itemization coverage scored 40/100.
Review — Accountability: Governance controls: 3 of 9 not reported.
High — Growth: Revenue growth scored 0/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 5/100.