IBEW LOCAL 57 BUILDING CORP

EIN: 237032907

SALT LAKE CITY, UT

Total Revenue
N/A
Total Expenses
$2,071,297
Total Assets
N/A
Net Assets
N/A
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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
UT
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.

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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 (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

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Governance

Voting Members
4
Independent Members
4
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
5
$245,524
Total Directors
4
$7,096
Key Employees
0
$0
Highest Compensated
0
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
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