LOCAL 50 BUILDING CORPORATION

EIN: 237434215

NORTHWOOD, OH

Total Revenue
$142,351
Total Expenses
$289,347
Total Assets
$1,382,230
Net Assets
$1,379,665
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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
1974
Legal Domicile
OH
Principal Officer
JEREMY JOHNSON
Phone
4196625456
Tax Period
2024-01-01 to 2024-12-31

LOCAL 50 BUILDING CORPORATION, founded in 1974, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Revenue surged 314% from the prior year, signaling strong growth momentum. Expenses of $289K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO HOLD, PURCHASE, AND RECEIVE REAL PROPERTY IN TRUST FOR THE UNITED ASSOCIATION, LOCAL NO 50 PLUMBERS AND STEAMFITTERS UNION

Program Service Accomplishments

Program 1

TO HOLD, PURCHASE, AND RECEIVE REAL PROPERTY IN TRUST FOR THE UNITED ASSOCIATION, LOCAL NO 50 PLUMBERS AND STEAMFITTERS UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $142,200
Investment Income $151
Other Revenue $0
TOTAL REVENUE $142,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $289,347
TOTAL EXPENSES $289,347

Year-over-Year Comparison

2024 2023 Change
Revenue $142,351 $34,418 +3.1%
Expenses $289,347 $272,584 +0.1%
Net Income $-146,996 $-238,166 -0.4%
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
3
Independent Members
1
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
3
$8,357
Total Directors
3
$8,357
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY JOHNSON PRESIDENT 1.00
Officer Director
$0 $3,349 $7,643
MICHAEL BEHLER FIN. COMMITTEE 1.00
Officer Director
$0 $237 $714
JASON BURLEN FIN. COMMITTEE 1.00
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 $142,351 $289,347 $1,382,230 $-146,996
2023 $34,418 $272,584 $1,528,334 $-238,166
2022 $34,363 $247,422 $1,766,140 $-213,059
2021 $322,445 $259,032 $1,980,848 $63,413
2020 $322,471 $246,892 $1,917,269 $75,579
2019 $322,470 $240,261 $1,841,043 $82,209
2018 $322,470 $246,834 $1,758,833 $75,636
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