IBT Local 463 (EIN 230381272) - 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

1933

Legal Domicile

Principal Officer

Robert Ryder

Phone

2155911000

Tax Period

2024-01-01 to 2024-12-31

IBT Local 463, founded in 1933, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 14% surplus.

Mission

A labor organization formed to organize workers and act as their collective bargaining agent with employers regarding wages, hours, and working conditions. Total union membership is approximately 1,491 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 (2024)

Revenue Breakdown

Contributions & Grants $1,474,193

Program Service Revenue $91,536

Investment Income $11,065

Other Revenue $3,210

TOTAL REVENUE $1,580,004

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $887,833

Fundraising Expenses $0

Other Expenses $471,712

TOTAL EXPENSES $1,362,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,580,004	$1,501,986	+0.1%
Expenses	$1,362,045	$1,243,403	+0.1%
Net Income	$217,959	$258,583	-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

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

$649,312

Total Directors

$664,975

Key Employees

$175,734

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Ryder	Secretary-Treasurer	40.00	Officer Director	$154,362	$72,732	$227,094
Richard Deal	President	40.00	Officer Director	$139,272	$68,502	$207,774
Drew Ryder	Recording Secretary	40.00	Officer Director	$140,452	$68,502	$208,954
Charles Dougherty Jr	Vice President	5.00	Officer Director	$5,490	$0	$5,490
Paul Demito	Trustee	5.00	Director	$5,100	$0	$5,100
Dwight Williams	Trustee	5.00	Director	$5,490	$0	$5,490
Tyler Colodonato	Trustee	5.00	Director	$4,223	$0	$4,223
Michael Lonker	Trustee	5.00	Director	$850	$0	$850
Jennifer Richman	Office Manager/Bookkeeper	40.00	Key Emp	$110,240	$65,494	$175,734

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	$1,580,004	$1,362,045	$1,064,426	$217,959
2023	$1,501,986	$1,243,403	$846,467	$258,583
2022	$1,354,357	$1,326,910	$587,884	$27,447
2022	$1,354,357	$1,326,910	$587,884	$27,447
2021	$1,412,093	$1,347,146	$560,438	$64,947
2020	$1,267,274	$1,284,226	$495,491	$-16,952
2019	$1,303,421	$1,319,430	$512,443	$-16,009
2018	$1,362,740	$1,343,660	$528,452	$19,080

IBT Local 463