LOCAL UNION 53 IBEW LOCAL BUILDING INC (EIN 430834489) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

Benjamin Bush

Phone

8164215464

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION 53 IBEW LOCAL BUILDING INC, founded in 1962, is a micro nonprofit that reported $12K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $175K exceeded revenue, resulting in a 1358% operating deficit.

Mission

Real Estate Holdings for IBEW #53

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2

Other Revenue $12,000

TOTAL REVENUE $12,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $175,031

TOTAL EXPENSES $175,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,002	$7,502	+0.6%
Expenses	$175,031	$160,407	+0.1%
Net Income	$-163,029	$-152,905	+0.1%

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

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

$559,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Steve Burkhart	President	Officer	$141,302	$49,015	$190,317
Chester Jones	Recording Secretary	Officer	$1,118	$0	$1,118
Ron Head Jr	Treasurer	Officer	$567	$0	$567
Benjamin Bush	Business Manager	Officer	$150,072	$49,015	$199,087
Brad Watring	Vice President	Officer	$7,377	$0	$7,377
Euqene Bray	Treasurer	Officer	$111,961	$49,015	$160,976

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	$12,002	$175,031	$4,060,805	$-163,029
2022	$7,502	$160,407	$4,206,334	$-152,905
2021	$6,008	$188,195	$4,354,239	$-182,187

LOCAL UNION 53 IBEW LOCAL BUILDING INC