IBEW LOCAL 150 - BUILDING CORP

EIN: 363694986

LIBERTYVILLE, IL

Total Revenue
$34,246
Total Expenses
$57,872
Total Assets
$1,370,282
Net Assets
$1,370,282
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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
1990
Legal Domicile
IL
Principal Officer
STEVE SMART
Phone
8476801504
Tax Period
2024-07-01 to 2025-06-30

IBEW LOCAL 150 - BUILDING CORP, founded in 1990, is a micro nonprofit that reported $34K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $58K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO ADMINISTER AND OPERATE ON A COOPERATIVE BASIS, FURNISHING SERVICES AND FACILITIES FOR THE BENEFIT OF ITS MEMBERS.

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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 $0
Investment Income $0
Other Revenue $34,246
TOTAL REVENUE $34,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $57,872
TOTAL EXPENSES $57,872

Year-over-Year Comparison

2024 2023 Change
Revenue $34,246 $36,465 -0.1%
Expenses $57,872 $60,091 0.0%
Net Income $-23,626 $-23,626 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
10
Independent Members
10
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
$443,608
Total Directors
10
$445,108
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SMART BUSINESS MAN 2.00
Officer Director
$0 $77,903 $221,677
JOE CATELLA PRESIDENT 2.00
Officer Director
$0 $0 $6,110
JOHN BONNOT VICE PRESIDE 2.00
Officer Director
$0 $0 $1,510
AARON RENDON RECORDING SE 2.00
Officer Director
$0 $75,759 $214,311
ERIC MORALES TREASURER 2.00
Officer Director
$0 $0 $0
MIKE WITTEN JR EXECUTIVE BO 2.00
Director
$0 $0 $1,500
ERIC BLACKBURN EXECUTIVE BO 2.00
Director
$0 $0 $0
BRANDEN BOEING EXECUTIVE BO 2.00
Director
$0 $0 $0
TIM FORRO EXECUTIVE BO 2.00
Director
$0 $0 $0
ERIC LYONS EXECUTIVE BO 2.00
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
2025 $34,246 $57,872 $1,370,282 $-23,626
2024 $36,465 $60,091 $1,393,908 $-23,626
2023 $39,496 $63,122 $1,417,534 $-23,626
2022 $39,403 $63,029 $1,441,160 $-23,626
2021 $38,470 $62,096 $1,464,786 $-23,626
2019 $34,665 $62,283 $1,512,039 $-27,618
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