INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION 55

EIN: 376047612

PEORIA, IL

Total Revenue
$621,507
Total Expenses
$492,388
Total Assets
$1,160,840
Net Assets
$676,868
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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
1919
Legal Domicile
IL
Principal Officer
SETH GILLES
Phone
3096715085
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION 55, founded in 1919, is a small nonprofit that reported $622K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 21% operating margin.

Mission

THE EXEMPT PURPOSE IS TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES FOR ITS MEMBERS, AND TO PROVIDE EDUCATIONAL ADVANCEMENT AND TRAINING FOR OFFICERS, EMPLOYEES AND 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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $555,728
Investment Income $38
Other Revenue $65,741
TOTAL REVENUE $621,507

Expense Breakdown

Grants Paid $750
Salaries & Benefits $270,287
Fundraising Expenses $0
Other Expenses $215,501
TOTAL EXPENSES $492,388

Year-over-Year Comparison

2025 2024 Change
Revenue $621,507 $502,413 +0.2%
Expenses $492,388 $466,615 +0.1%
Net Income $129,119 $35,798 +2.6%
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
124
Independent Members
N/A
Employees
2
Volunteers
12

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
6
$216,187
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SETH GILLES BUSINESS REP 45.00
Officer
$155,499 $60,688 $216,187
LEE BRUMM PRESIDENT/EX N/A
Officer Director
$0 $0 $0
COLLIN DUNCAN EXEC. BOARD N/A
Director
$0 $0 $0
BRET JOHNSON EXEC. BOARD N/A
Director
$0 $0 $0
COLT KNOP TRUSTEE N/A
Director
$0 $0 $0
DENTON STOKES VICE PRES/EX N/A
Officer Director
$0 $0 $0
PAUL STUCKEL TRUSTEE/DIRE N/A
Director
$0 $0 $0
LANCE TUCKER TRUSTEE N/A
Director
$0 $0 $0
MATT VEHLOW SECRETARY/EX N/A
Officer Director
$0 $0 $0
CARL DUCKWILER WARDEN N/A
Officer
$0 $0 $0
LEVI ROSS FINANCIAL SE N/A
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
2025 $621,507 $492,388 $1,160,840 $129,119
2024 $502,413 $466,615 $1,069,244 $35,798
2023 $466,993 $413,540 $1,057,309 $53,453
2022 $417,166 $401,980 $458,498 $15,186
2021 $415,314 $389,601 $443,312 $25,713
2020 $417,923 $373,934 $417,599 $43,989
2019 $418,103 $354,986 $373,610 $63,117
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