LOCAL NO 41 IBEW BUILDING CORPORATION (EIN 222197144) - 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

1976

Legal Domicile

Principal Officer

MATTHEW HILMEY

Phone

7166626111

Tax Period

2023-01-01 to 2023-12-31

LOCAL NO 41 IBEW BUILDING CORPORATION, founded in 1976, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Expenses of $197K left a modest 5% surplus.

Mission

RENTAL OF PROPERTY TO AFFILIATED EXEMPT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $207,345

Investment Income $0

Other Revenue $0

TOTAL REVENUE $207,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $197,439

TOTAL EXPENSES $197,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,345	$207,626	0.0%
Expenses	$197,439	$175,031	+0.1%
Net Income	$9,906	$32,595	-0.7%

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

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

$518,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HILMEY	PRESIDENT	2.00	Officer	$0	$65,797	$172,307
SHAWN CREIGHTON	VICE PRESIDENT	0.10	Officer	$0	$65,797	$170,267
ERIC TAYLOR	RECORDING SECRETARY	0.10	Officer	$0	$0	$0
EUGENE MATTER	TREASURER	0.10	Officer	$0	$0	$0
GREGORY INGLUT	FINANCIAL SECRETARY	0.10	Officer	$0	$65,797	$176,069

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$207,345	$197,439	$856,725	$9,906
2022	$207,626	$175,031	$871,010	$32,595
2021	$188,538	$219,063	$861,477	$-30,525
2020	$186,829	$159,121	$634,663	$27,708
2019	$227,489	$249,706	$626,132	$-22,217
2018	$255,305	$191,445	$664,850	$63,860

LOCAL NO 41 IBEW BUILDING CORPORATION