LOCAL UNION 2 IBEW BUILDING CORPOR… - 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

1981

Legal Domicile

Phone

3146452236

Tax Period

2024-10-01 to 2025-09-30

LOCAL UNION 2 IBEW BUILDING CORPORATION, founded in 1981, is a micro nonprofit that reported $67K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring.

Mission

TO LEASE BUILDING SPACE FOR THE OFFICE OF THE LOCAL AND ITS MEMBERS, ALSO TO FURNISH CLASS ROOM FACILITIES

Program Service Accomplishments

Program 1

BUILDING AND HALL RENTALS

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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 $0

Investment Income $188,738

Other Revenue $-121,497

TOTAL REVENUE $67,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,241	$242,416	-0.7%
Expenses	N/A	N/A	N/A
Net Income	N/A	$242,416	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

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

Total Directors

$617,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE WILLIAMSON	PRESIDENT	1.00	Director	$0	$0	$0
CECIL CROCKER	SECRETARY	1.00	Director	$0	$67,915	$153,886
KENNETH PEEBLES	VICE PRESIDENT	1.00	Director	$0	$73,494	$242,848
MIKE KEITH	TREASURER	1.00	Director	$0	$67,915	$220,425

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	$67,241	No data	$3,361,474	No data
2024	$242,416	No data	$3,644,233	No data
2023	$10,962	No data	$4,781,054	No data
2022	$-54,066	No data	$1,250,856	No data
2021	$-58,802	No data	$1,304,922	No data
2020	$-59,506	No data	$1,363,724	No data

LOCAL UNION 2 IBEW BUILDING CORPORATION