MONROE, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LOCAL UNION 488 IBEW BUILDING CORPORATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $211K in total revenue in fiscal year 2025. Expenses of $588K exceeded revenue, resulting in a 178% operating deficit.
THIS BUILDING CORPORATION WAS CREATED FOR THE SOLE PURPOSE OF HOLDING LEGAL TITLE TO REAL ESTATE LOCATED AT 721 MAIN STREET, MONROE, CT 06468 AND ANY OTHER PROPERTY THAT MAY BE ACQUIRED, TO OPERATE AS A MEETING HALL, LOCAL HEADQUARTERS, TRAINING FACILITY AND FOR OTHER PURPOSES FOR THE SOLE BENEFIT OF THE LABOR ORGANIZATION KNOWN AS LOCAL NO. 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN: 06-0400910).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $211,292 | $214,303 | 0.0% |
| Expenses | $588,058 | $348,651 | +0.7% |
| Net Income | $-376,766 | $-134,348 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL W MCINERNEY | BUSINESS MANAGER/FINANCIAL SECRETARY | 1.00 |
Officer
Director
|
$0 | $80,690 | $228,312 |
| ANTHONY CAVALLI | TREASURER | 1.00 |
Officer
Director
|
$0 | $75,497 | $202,814 |
| JEROME WHITE | RECORDING SECRETARY | 1.00 |
Officer
Director
|
$0 | $70,303 | $177,414 |
| KEVIN DUBOIS | EXECUTIVE BOARD (P) | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN FOTOPOULOS | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN J GULINO | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| AMIL C LOCKWOOD | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER MARIN | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDAN MATHIS | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE MEIER | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT NITSCHE | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| JENN NORMAND | EXECUTIVE BOARD (P) | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH TAVERNA | EXECUTIVE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN J RODRIGUES | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRAVIS E GERALD | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $211,292 | $588,058 | $5,525,608 | $-376,766 |
| 2024 | No data | No data | No data | No data |
| 2023 | $410,560 | $335,793 | $4,664,076 | $74,767 |
| 2022 | $487,695 | $325,280 | $4,804,046 | $162,415 |
| 2021 | $417,476 | $333,217 | $4,905,170 | $84,259 |
| 2020 | $219,373 | $293,684 | $5,034,606 | $-74,311 |
| 2019 | $515,153 | $378,988 | $5,522,283 | $136,165 |
| 2018 | $754,647 | $386,425 | $5,533,986 | $368,222 |
Compare LOCAL UNION 488 IBEW BUILDING CORPORATION with other nonprofits in Connecticut and across the country.