INTERNATIONAL UNION OF ELEVATOR CO… - Form 990 Financial Data

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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

1901

Legal Domicile

Principal Officer

GARY PIPIRAS

Phone

7089077770

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO 2, founded in 1901, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 12% surplus.

Mission

THE EXEMPT PURPOSE OF LOCAL NO. 2 IS TO ENCOURAGE A HIGHER STANDARD OF SKILL AMONG ITS MEMBERS; TO CULTIVATE A FEELING OF FRIENDSHIP AMONG THE CRAFT; TO OBTAIN AND MAINTAIN A FAIR STANDARD OF WAGES; TO ASSIST EACH OTHER IN SECURING EMPLOYMENT; TO PROTECT THE JURISDICTION OF THE CRAFT; TO ENGAGE IN CULTURAL, CIVIC, LEGISLATIVE, FRATERNAL, EDUCATIONAL, CHARITABLE, WELFARE, AND SOCIAL AND OTHER ACTIVITIES WHICH FURTHER THE INTERESTS, DIRECTLY AND INDIRECTLY, OF THIS ORGANIZATION AND ITS MEMBERSHIP; AND TO USE LEGAL AND APPROPRIATE MEANS FOR THE ACCOMPLISHMENT OF THE FOREGOING OBJECTIVES.

Program Service Accomplishments

Program 1

THE EXEMPT PURPOSE OF LOCAL NO. 2 IS TO ENCOURAGE A HIGHER STANDARD OF SKILL AMONG ITS MEMBERS; TO CULTIVATE A FEELING OF FRIENDSHIP AMONG THE CRAFT; TO OBTAIN AND MAINTAIN A FAIR STANDARD OF WAGES; TO ASSIST EACH OTHER IN SECURING EMPLOYMENT; TO PROTECT THE JURISDICTION OF THE CRAFT; TO ENGAGE IN CULTURAL, CIVIC, LEGISLATIVE, FRATERNAL, EDUCATIONAL, CHARITABLE, WELFARE, SOCIAL AND OTHER ACTIVITIES WHICH FURTHER THE INTERESTS, DIRECTLY OR INDIRECTLY, OF THIS ORGANIZATION AND ITS MEMBERS; AND TO USE LEGAL AND APPROPRIATE MEANS FOR THE ACCOMPLISHMENT OF THE FOREGOING OBJECTIVES. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,253,506

Investment Income $486,687

Other Revenue $263,507

TOTAL REVENUE $5,003,700

Expense Breakdown

Grants Paid $158,300

Salaries & Benefits $1,916,711

Fundraising Expenses $0

Other Expenses $2,203,067

TOTAL EXPENSES $4,411,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,003,700	$4,603,265	+0.1%
Expenses	$4,411,865	$4,164,068	+0.1%
Net Income	$591,835	$439,197	+0.3%

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

N/A

Employees

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

$1,195,160

Total Directors

$10,074

Key Employees

$254,248

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BEYER	TRUSTEE	1.00	Director	$3,663	$0	$3,663
RAY SMYCZ	TRUSTEE	1.00	Director	$3,663	$0	$3,663
MICHAEL MCCANN	TRUSTEE	1.00	Director	$2,748	$0	$2,748
JUAN GONZALEZ JR	BUSINESS MGR/PRESIDENT	48.00	Officer	$48,344	$36,342	$84,686
ERIC CRANE	BUSINESS REPRESENTATIVE/VP	48.00	Officer	$187,936	$90,367	$278,303
ROBERT KENNEDY	BUSINESS REPRESENTATIVE/VP	48.00	Officer	$187,900	$90,367	$278,267
GARY PIPIRAS	BUSINESS MGR/PRESIDENT & BUSINESS REP/VP	48.00	Officer	$205,065	$90,367	$295,432
ROCCO CAIFANO	TREASURER	8.00	Officer	$17,467	$671	$18,138
JEREMY TREZISE	RECORDING SEC./CORRESPOND	8.00	Officer	$12,416	$1,341	$13,757
TIMOTHY BROGAN	EXECUTIVE BOARD/TRUSTEE	1.00	Officer	$3,663	$0	$3,663
DANIEL FITZGIBBON	BUSINESS REPRESENTATIVE/VP & EXECUTIVE BOARD	48.00	Officer	$145,316	$54,803	$200,119
PHILIP ERICKSON	EXECUTIVE BOARD	1.00	Officer	$6,594	$838	$7,432
MICHAEL CAFIANO	EXECUTIVE BOARD	1.00	Officer	$6,646	$671	$7,317
CODY BAUMANN	EXECUTIVE BOARD	1.00	Officer	$3,663	$0	$3,663
MICHAEL CHRISTOPHERSON	EXECUTIVE BOARD	1.00	Officer	$3,663	$0	$3,663
VINCENT CALDERONE	CONDUCTOR	1.00	Officer	$360	$0	$360
MICHAEL SAVA	WARDEN	1.00	Officer	$360	$0	$360
KATHLEEN HICKEY	FINANCIAL ADMINISTRATOR	40.00	Key Emp	$164,408	$89,840	$254,248
MARIANNE MATORS	ADMINISTRATIVE ASSISTANT	40.00	Highest	$107,262	$80,869	$188,131

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	$5,003,700	$4,411,865	$12,826,033	$591,835
2023	$4,603,265	$4,164,068	$12,226,967	$439,197
2022	$4,186,809	$4,124,436	$11,784,978	$62,373
2021	$4,343,058	$3,865,632	$11,724,651	$477,426
2020	$4,521,038	$3,640,530	$11,245,012	$880,508
2019	$4,142,891	$3,780,898	$10,366,828	$361,993
2018	$3,977,688	$3,618,374	$10,003,160	$359,314

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL NO 2