INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 BUILDING INC (EIN 231692662) - 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

1968

Legal Domicile

Principal Officer

MICHAEL MCDERMOTT

Phone

5703445711

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 BUILDING INC, founded in 1968, is a micro nonprofit that reported $72K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 77% operating margin.

Mission

LOCAL #81 IBEW BUILDING, INC. OWNS A COMMERCIAL BUILDING IN WHICH OFFICES ARE RENTED TO VARIOUS UNION AND UNION-RELATED 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 (2024)

Revenue Breakdown

Contributions & Grants $98,131

Program Service Revenue $0

Investment Income $54

Other Revenue $-26,416

TOTAL REVENUE $71,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,846

TOTAL EXPENSES $16,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,769	$50,122	+0.4%
Expenses	$16,846	$46,414	-0.6%
Net Income	$54,923	$3,708	+13.8%

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

$347,716

Total Directors

$347,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD O'DONNELL	PRESIDENT	2.00	Officer Director	$0	$49,184	$149,326
MICHAEL MCDERMOTT	BUSINESS MANAGER	2.00	Officer Director	$0	$62,396	$195,993
KRISTOPHER LANCE	VICE PRESIDENT (FROM 7/24)	2.00	Officer Director	$0	$0	$0
RANDOLPH GREENIP	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$2,397
PATRICK HARTMAN	VICE PRESIDENT (TO 6/24)	2.00	Officer Director	$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
2024	$71,769	$16,846	$421,108	$54,923
2023	$50,122	$46,414	$326,676	$3,708
2022	$840	$44,117	$336,528	$-43,277
2021	$35,189	$44,421	$344,219	$-9,232
2020	$36,011	$43,307	$335,832	$-7,296
2019	$25,166	$37,868	$364,648	$-12,702
2018	$-2,760	$37,449	$391,313	$-40,209

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 BUILDING INC