INTL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION NO 5

EIN: 230725250

PHILADELPHIA, PA

Total Revenue
$3,977,109
Total Expenses
$3,255,226
Total Assets
$3,742,321
Net Assets
$3,706,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
PA
Principal Officer
JOSEPH WILLIAMS
Phone
2156762555
Tax Period
2023-01-01 to 2023-12-31

INTL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION NO 5, founded in 1900, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $722K, a strong 18% operating margin.

Mission

THE EXEMPT PURPOSE OF LOCAL NO. 5 IS TO ASSIST MEMBERS IN SECURING EMPLOYMENT, TO MAINTAIN A FAIR STANDARD OF WAGES, AND TO PROTECT THE JURISDICTION OF THE CRAFT.

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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 $0
Program Service Revenue $3,455,956
Investment Income $469,746
Other Revenue $51,407
TOTAL REVENUE $3,977,109

Expense Breakdown

Grants Paid $90,051
Salaries & Benefits $1,445,276
Fundraising Expenses $0
Other Expenses $1,504,136
TOTAL EXPENSES $3,255,226

Year-over-Year Comparison

2023 2022 Change
Revenue $3,977,109 $3,383,940 +0.2%
Expenses $3,255,226 $3,015,741 +0.1%
Net Income $721,883 $368,199 +1.0%
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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Governance

Voting Members
9
Independent Members
7
Employees
11
Volunteers
10

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
19
$1,107,170
Total Directors
3
$0
Key Employees
1
$259,106
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LAVELLE TRUSTEE 1.00
Director
$0 $0 $0
DANIEL KOREJKO TRUSTEE 1.00
Director
$0 $0 $0
DAVID LARSEN TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH M WILLIAMS BUSINESS MANAGER 55.00
Officer
$213,041 $96,558 $309,599
JOHN D KOCH BUSINESS REP/EXEC. BOARD 45.00
Officer
$174,307 $84,799 $259,106
ERIC RITTENHOUSE BUSINESS REP/EXEC. BOARD 45.00
Officer
$174,307 $84,799 $259,106
JOHN CICHON SECRETARY-TREASURER 45.00
Officer
$178,207 $84,799 $263,006
FRANK GRAMAGLIA PRESIDENT 1.00
Officer
$0 $0 $0
DOUGLAS KIRKWOOD RECORDING SECRETARY 1.00
Officer
$1,589 $0 $1,589
MICHAEL CONNELLY EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
JAMES GLEASON EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
SEAN LOOMIS EXECUTIVE BOARD 1.00
Officer
$13,672 $0 $13,672
DARREN HOLLINGSWORTH EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
SHAUN THOMAS EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
VINCENT SIMONE EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
ROBERT MCLAUGHLIN EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
DAN BAILEY INNER GUARD 1.00
Officer
$0 $0 $0
ROBERT MROZ OUTER GUARD 1.00
Officer
$0 $0 $0
MATTHEW REDDER WARDEN 1.00
Officer
$0 $0 $0
MATT WISTER CORRESPONDENT 1.00
Officer
$0 $0 $0
SCOTT OPLINGER VICE PRESIDENT 1.00
Officer
$0 $0 $0
GERALD KERR EXECUTIVE BOARD/ VICE PRESIDENT 1.00
Officer
$396 $696 $1,092
JOSEPH E O'CONNOR ORGANIZER 45.00
Key Emp
$174,307 $84,799 $259,106
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 $3,977,109 $3,255,226 $3,742,321 $721,883
2022 $3,383,940 $3,015,741 $2,996,767 $368,199
2021 $3,098,293 $2,690,637 $2,666,589 $407,656
2021 $3,111,376 $2,690,637 $2,666,589 $420,739
2020 $2,896,189 $2,788,887 $2,268,941 $107,302
2019 $3,317,527 $2,993,868 $2,194,762 $323,659
2018 $2,926,827 $2,802,476 $1,901,685 $124,351
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