INTERNATIONAL BROTHERHOOD JOINT COUNCIL #56 (EIN 440296412) - 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

1941

Legal Domicile

Principal Officer

DANIEL W AVELYN

Phone

8169233500

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD JOINT COUNCIL #56, founded in 1941, is a small nonprofit that reported $240K in total revenue in fiscal year 2024.

Mission

THE JOINT COUNCIL REPRESENTS THE MEMBERS OF THE LOCALS TO BE ABLE TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING.

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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 $232,419

Program Service Revenue $6,187

Investment Income $1,650

Other Revenue $0

TOTAL REVENUE $240,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,537

Fundraising Expenses $0

Other Expenses $155,614

TOTAL EXPENSES $250,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,256	$228,444	+0.1%
Expenses	$250,151	$244,760	+0.0%
Net Income	$-9,895	$-16,316	-0.4%

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

$39,860

Total Directors

$25,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER WASCHNECK	TRUSTEE	2.00	Director	$9,100	$0	$9,100
MICHAEL S KEERAN	TRUSTEE	2.00	Director	$9,100	$0	$9,100
SHAWN LASHMET	TRUSTEE	2.00	Director	$7,000	$0	$7,000
JESSE D CASTILLO	VICE-PRESIDENT	4.00	Officer	$9,100	$0	$9,100
DANIEL W AVELYN	PRESIDENT	4.00	Officer	$11,180	$0	$11,180
MICHAEL S SCRIBNER	SECRETARY/TREASURER	4.00	Officer	$11,180	$0	$11,180
JERRY D WOOD	RECORDING SECRETARY	5.00	Officer	$8,400	$0	$8,400

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	$240,256	$250,151	$283,954	$-9,895
2023	$228,444	$244,760	$292,576	$-16,316
2022	$224,636	$227,635	$308,892	$-2,999
2021	$228,902	$209,900	$311,891	$19,002
2020	$222,348	$189,967	$292,889	$32,381
2019	$230,190	$232,898	$260,508	$-2,708
2018	$231,924	$299,077	$263,216	$-67,153

INTERNATIONAL BROTHERHOOD JOINT COUNCIL #56