IBEW LOCAL UNION #351 BUILDING ASSOCIATION (EIN 223309596) - 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

1995

Legal Domicile

Principal Officer

DANIEL COSNER

Phone

6097048351

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL UNION #351 BUILDING ASSOCIATION, founded in 1995, is a small nonprofit that reported $285K in total revenue in fiscal year 2025. The organization ran a surplus of $122K, a strong 43% operating margin.

Mission

PRIMARY PURPOSE IS A HOLDING COMPANY FOR REAL PROPERTY FOR IBEW LOCAL 351

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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 $0

Investment Income $48,004

Other Revenue $237,058

TOTAL REVENUE $285,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $163,071

TOTAL EXPENSES $163,071

Year-over-Year Comparison

	2025	2024	Change
Revenue	$285,062	$294,525	0.0%
Expenses	$163,071	$142,115	+0.1%
Net Income	$121,991	$152,410	-0.2%

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

$1,104,419

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES DELLA VECCHIA	PRESIDENT	1.00	Officer	$0	$156,339	$426,960
STEVEN DIMATTEO	TREASURER	1.00	Officer	$0	$130,621	$338,865
RYCK SIGNOR	SECRETARY	1.00	Officer	$0	$129,579	$337,823
JOHN HELSEL	VICE PRESIDENT	1.00	Officer	$0	$0	$771

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	$285,062	$163,071	$3,148,511	$121,991
2024	$294,525	$142,115	$3,007,210	$152,410
2023	$265,067	$119,069	$2,850,990	$145,998
2022	$269,806	$127,957	$2,700,715	$141,849
2021	$266,396	$74,862	$2,558,866	$191,534
2020	$275,859	$62,315	$2,367,382	$213,544
2019	$275,296	$64,209	$2,153,297	$211,087
2018	$263,526	$70,299	$1,942,236	$193,227

IBEW LOCAL UNION #351 BUILDING ASSOCIATION