INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 62 (EIN 156022486) - 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

1920

Legal Domicile

Principal Officer

RYAN O GOLDEN

Phone

3154225219

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 62, founded in 1920, is a small nonprofit that reported $454K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $401K left a modest 12% surplus.

Mission

THE ORGANIZATION IS A UNION LOCAL FOR ELEVATOR CONSTRUCTORS AND PROVIDES UNION BENEFITS TO ITS MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $453,610

Investment Income $764

Other Revenue $0

TOTAL REVENUE $454,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,302

Fundraising Expenses $0

Program Expenses $401,356

Other Expenses $137,054

TOTAL EXPENSES $401,356

Year-over-Year Comparison

	2025	2024	Change
Revenue	$454,374	$417,869	+0.1%
Expenses	$401,356	$380,472	+0.1%
Net Income	$53,018	$37,397	+0.4%

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

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

$251,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN O GOLDEN	BUSINESS MANAGE	40.00	Officer	$140,837	$72,887	$213,724
STEVEN D MILLER	FORMER BUS MGR	40.00	Officer	$15,385	$15,482	$30,867
MICHAEL J DOYLE	TREAS/SECRETARY	1.00	Officer	$4,909	$1,786	$6,695
ANDREW FREIDEMAN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
ANTHONY SHYMKIW	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MICHAEL SUCHEWSKI	Chairman	1.00	Director	$0	$0	$0
JOSEPH MOORE	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
BENJAMIN HAWKER	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JOEL SWITZER	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JUSTIN STILES	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JASON DUNN	Trustee	1.00		$0	$0	$0
TIMOTHY ANTONACCI	Trustee	1.00		$0	$0	$0
KENNETH SADOWSKI	Trustee	1.00		$0	$0	$0
THOMAS MACBLANE	Vice President	1.00	Officer	$0	$0	$0
SCOTT H FREIDEMAN	President	1.00	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	$454,374	$401,356	$234,169	$53,018
2024	$417,869	$380,472	$235,610	$37,397
2023	$398,009	$358,083	$147,183	$39,926
2022	$370,223	$364,260	$106,682	$5,963
2021	$365,900	$347,425	$98,903	$18,475
2020	$339,400	$324,885	$80,151	$14,515
2019	$332,948	$348,131	$67,974	$-15,183
2018	$324,299	$332,515	$127,864	$-8,216
2017	$326,705	$320,135	$121,618	$6,570

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 62