673 ELECTRICAL BUILDING CORPORATION

EIN: 346530489

MENTOR, OH

Total Revenue
$50,304
Total Expenses
$52,115
Total Assets
$952,343
Net Assets
$458,752
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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
1959
Legal Domicile
OH
Principal Officer
MICHAEL KUBACKI
Phone
4402553414
Tax Period
2023-01-01 to 2023-12-31

673 ELECTRICAL BUILDING CORPORATION, founded in 1959, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue surged 594% from the prior year, signaling strong growth momentum. Net assets of $459K represent 109 months of operating reserves.

Mission

BUILDING CORPORATION ASSOCIATED WITH INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION, LOCAL 673

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $26,161
Investment Income $13,077
Other Revenue $11,066
TOTAL REVENUE $50,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,115
Other Expenses $52,115
TOTAL EXPENSES $52,115

Year-over-Year Comparison

2023 2022 Change
Revenue $50,304 $7,250 +5.9%
Expenses $52,115 $45,991 +0.1%
Net Income $-1,811 $-38,741 -1.0%
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
5
Independent Members
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KUBACKI PRESIDENT 1.00
Officer
$0 $0 $0
GRETCHEN BRYAN RECORDING SE 1.00
Officer
$0 $0 $0
JOHN RUSNAK FINANCIAL SE 1.00
Officer
$0 $0 $0
DONALD ZIEMAK VICE PRESIDE 1.00
Officer
$0 $0 $0
TODD TAYERLE TREASURER 1.00
Officer
$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 No data No data No data No data
2023 $50,304 $52,115 $952,343 $-1,811
2022 $7,250 $45,991 $972,232 $-38,741
2021 $53,359 $63,876 $1,049,331 $-10,517
2020 $32,559 $54,770 $1,103,012 $-22,211
2019 $16,926 $50,394 $951,701 $-33,468
2018 $20,562 $66,434 $999,770 $-45,872
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