IBEW LOCAL 57 BUILDING CORP

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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

1960

Legal Domicile

Principal Officer

KEVIN OWEN

Phone

8012705757

Tax Period

2022-01-01 to 2022-12-31

Mission

THE ORGANIZATION PROVIDES ITS BUILDING TO BE USED EXCLUSIVELY FOR THE LOCAL UNION'S MANAGEMENT AND MEETING PURPOSES.

Program Service Accomplishments

Program 1

IBEW LOCAL UNION 57 (A TAX EXEMPT ENTITY) ORGANIZED THE IBEW LOCAL 57 BUILDING CORPORATION IN THE 1960'S FOR THE SINGULAR PURPOSE OF BUYING A BUILDING THAT WOULD BE USED EXCLUSIVELY FOR THE LOCAL...

IBEW LOCAL UNION 57 (A TAX EXEMPT ENTITY) ORGANIZED THE IBEW LOCAL 57 BUILDING CORPORATION IN THE 1960'S FOR THE SINGULAR PURPOSE OF BUYING A BUILDING THAT WOULD BE USED EXCLUSIVELY FOR THE LOCAL OFFICE AND MEETING PURPOSES. RENT WAS COLLECTED FROM ITS OWNER, IBEW LOCAL UNION 57. THE ONLY EXPENSES IT HAD DURING OPERATION WERE OPERATING EXPENSES OF THE BUILDING. NO SALARIES OR DISTRIBUTIONS WERE PAID BY THE BUILDING COMPANY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $2,071,297

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $2,071,297

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$982,764	-1.0%
Expenses	$2,071,297	$70,302	+28.5%
Net Income	N/A	$912,462	N/A

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

$245,524

Total Directors

$7,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN OWEN	BUSINESS MANAGER	1.0	Officer	$0	$59,519	$238,428
CALVIN OCKEY	VICE PRESIDENT	1.0	Officer Director	$0	$0	$3,260
TOM CARTER	TREASURER	1.0	Officer Director	$0	$0	$2,041
DEAN ELLIS	RECORDING SECRETARY	1.0	Officer Director	$0	$0	$1,795
WILLIE MURNIN	PRESIDENT	1.0	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
2022	No data	$2,071,297	No data	No data
2021	$982,764	$70,302	$2,071,297	$912,462
2020	$61,175	$83,916	$1,163,835	$-22,741
2019	$60,000	$86,122	$1,181,576	$-26,122
2018	$78,767	$73,979	$1,207,698	$4,788