ELECTRICAL INDUSTRY LABOR MANAGEMENT COOPERATION TRUST

EIN: 043398237

DORCHESTER, MA

Total Revenue
$65,601,242
Total Expenses
$42,272,494
Total Assets
$89,142,463
Net Assets
$88,897,350
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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
1997
Legal Domicile
MA
Principal Officer
MICHAEL P DONOVAN
Phone
6172885999
Tax Period
2024-09-01 to 2025-08-31

ELECTRICAL INDUSTRY LABOR MANAGEMENT COOPERATION TRUST, founded in 1997, is a mid-sized nonprofit that reported $65.6M in total revenue in fiscal year 2024. The organization ran a surplus of $23.3M, a strong 36% operating margin.

Mission

TO IDENTIFY AND EXPAND WORK OPPORTUNITIES, IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCY IN OPERATIONS AND PROMOTE HEALTH AND SAFETY IN THE ELECTRICAL INDUSTRY WITHIN THE NEW ENGLAND AREA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,310
Program Service Revenue $63,391,110
Investment Income $2,151,822
Other Revenue $0
TOTAL REVENUE $65,601,242

Expense Breakdown

Grants Paid $200,000
Salaries & Benefits $501,529
Fundraising Expenses $0
Other Expenses $3,689,176
TOTAL EXPENSES $42,272,494

Year-over-Year Comparison

2024 2023 Change
Revenue $65,601,242 $62,264,659 +0.1%
Expenses $42,272,494 $37,630,494 +0.1%
Net Income $23,328,748 $24,634,165 -0.1%
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

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Governance

Voting Members
10
Independent Members
7
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
1
$423,677
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS J ANTONELLIS UNION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT S SHEEHAN JR UNION TRUSTEE 1.00
Director
$0 $0 $0
RICHARD L ANTONELLIS JR UNION TRUSTEE 1.00
Director
$0 $0 $0
KRISTEN E GOWIN MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E WEBER JR MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
RENEELEONA DOZIER UNION TRUSTEE 1.00
Director
$0 $0 $0
KEVIN P LEROUX MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN E GUINEE MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
JAMES FLEMING UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCLAUGHLIN MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL P DONOVAN FUND ADMINISTRATOR 11.00
Officer
$0 $77,807 $423,677
LISA THERIAULT BUSINESS DEVELOPMENT MANAG 40.00
Highest
$201,058 $71,257 $272,315
JOSUE PIERRE DEI COORDINATOR 40.00
Highest
$127,346 $57,932 $185,278
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 $65,601,242 $42,272,494 $89,142,463 $23,328,748
2024 $62,264,659 $37,630,494 $65,848,069 $24,634,165
2023 $60,009,341 $42,259,656 $41,582,028 $17,749,685
2022 $56,768,144 $53,465,030 $23,732,752 $3,303,114
2021 $49,655,823 $65,662,217 $20,628,681 $-16,006,394
2020 $41,560,454 $58,503,316 $38,492,386 $-16,942,862
2019 $46,004,236 $63,164,079 $54,003,665 $-17,159,843
2018 $38,340,923 $42,740,460 $69,437,646 $-4,399,537
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