Laborers Intl Union of 472 Hcl

Nonprofit profile at a glance

EIN
221010627
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Newark, NJ, USA
Phone
9735895050
Rating
31
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$17,601,474
Expenses
$10,424,572
Assets
$70,586,553
Liabilities
$9,792

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • LUIS C RECIO (President)

Highest reported compensation

  • MANUEL H AMADOR JR (BUSINESS MGR.): $604,818 total reported compensation
  • MICHAEL GIUNTA (SEC.-TREASURER): $577,532 total reported compensation
  • LUIS C RECIO (President): $560,758 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The local union is a labor organization affiliated with the laborers' international union of north america. The local union is also a local affiliate of the New Jersey heavy and general construction laborers' district council. The local union was formed to accomplish the goal of gathering under one banner all those that work at the craft and calling of said international union for their mutual benefit, aid and protection, in accordance with the craft and territorial jurisdiction allotted to the local union by its charter. A partial listing of the objects of the organization would include the following: (a) to promote or establish appropriate wages, fringe benefits, training, hours of employment and working conditions for all such workers: (b) to secure recognition by employers and the public of the workers' right to engage in collective bargaining; (c) to conduct its affairs in a manner which would most tend to enhance, conserve and protect the welfare and interest of the international

What it reported doing in 2025

The union's primary purpose is the improvement of conditions of workers classified under ntee-cc code j40 labor unions and naics business activity code 813930 for its 7,720 members as of 12-31-25. The organization provides representation on behalf of its members with various employers in the heavy and general construction industry. The union made and entered into an agreement by and between the utility and transportation contractors association (u.t.c.a.) and the associated construction contractors of New Jersey (a.c.c.n.j.) which recognizes the union as the sole and exclusive collective bargaining representative for all employees covered in the agreement in the territorial jurisdiction covering hudson, bergen, passaic, morris, warren, essex, union, middlesex, hunterdon, sussex, somerset, and monmouth counties.

Operating model

Revenue model
Earned-program. 88% 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 verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 62
  • Accountability: 28
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 9th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 87.9%; rating input score 88; 27th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 40.8%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 6.77; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 56.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $605K · 14 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $150K reported
  • Consistency: 14 of 16 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.