INSULATORS & ASBESTOS WORKERS LOCAL 6 BUILDING CORPORATION (EIN 043154565) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

JEFFREY SALIBA

Phone

6174364666

Tax Period

2024-06-01 to 2025-05-31

INSULATORS & ASBESTOS WORKERS LOCAL 6 BUILDING CORPORATION, founded in 1994, is a small nonprofit that reported $133K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

PROVIDE SPACE FOR OPERATIONS OF LOCAL UNION AND RELATED TRAINING PROGRAMS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,558

Program Service Revenue $0

Investment Income $13,161

Other Revenue $-98,163

TOTAL REVENUE $132,556

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	$132,556	$153,661	-0.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$153,661	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

Governance

Voting Members

Independent Members

N/A

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

$270,284

Total Directors

$4,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SHORE	EXECUTIVE BOARD/UNION TRUSTEE	2.00	Director	$0	$0	$4,556
PATRICK O'TOOLE	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
RICHARD ROTHWELL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
STEVEN SARGENT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MICHAEL YOUNG	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JEFFREY SALIBA	BUSINESS MANAGER	2.00	Officer	$0	$108,563	$258,100
WAYNE ORTIZ	PRESIDENT	2.00	Officer	$0	$0	$12,184
CHUCK ROGERS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
PHIL WEST	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
ERNIE ROGERS	SARGEANT-AT-ARMS	2.00	Officer	$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
2025	$132,556	No data	$5,027,544	No data
2024	$153,661	No data	$1,615,759	No data
2023	$67,865	No data	$927,382	No data
2022	$48,862	No data	$859,990	No data
2021	$35,709	No data	$811,128	No data
2020	$37,423	No data	$775,419	No data
2019	$52,714	No data	$785,743	No data
2018	$31,597	No data	$757,797	No data

INSULATORS & ASBESTOS WORKERS LOCAL 6 BUILDING CORPORATION