ELEVATOR INDUSTRIES ASSOCIATION INC

EIN: 133190435

Norwalk, CT

Total Revenue
$252,448
Total Expenses
$198,972
Total Assets
$77,354
Net Assets
$77,354
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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
1945
Legal Domicile
CT
Principal Officer
Robert Martin
Phone
2032471734
Tax Period
2023-01-01 to 2023-12-31

ELEVATOR INDUSTRIES ASSOCIATION INC, founded in 1945, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 21% operating margin.

Mission

Association of Elevator contractors with employees in IBEW local #3. We negotiate new contracts with the Local Union and deal with other industries issues.

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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 (2023)

Revenue Breakdown

Contributions & Grants $248,525
Program Service Revenue $0
Investment Income $0
Other Revenue $3,923
TOTAL REVENUE $252,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,701
Fundraising Expenses $0
Program Expenses $0
Other Expenses $102,271
TOTAL EXPENSES $198,972

Year-over-Year Comparison

2023 2022 Change
Revenue $252,448 $195,314 +0.3%
Expenses $198,972 $236,310 -0.2%
Net Income $53,476 $-40,996 -2.3%
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
3
Independent Members
3
Employees
1
Volunteers
11

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
$89,564
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Martin President 25
Officer
$89,564 $0 $89,564
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
2024 No data No data No data No data
2023 $252,448 $198,972 $77,354 $53,476
2022 $195,314 $236,310 $23,878 $-40,996
2021 $147,045 $252,166 $64,874 $-105,121
2020 $260,781 $170,965 $169,995 $89,816
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