IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST (EIN 462805810) - 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

2013

Legal Domicile

Principal Officer

DANIEL MCINERNEY

Phone

2034527679

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST, founded in 2013, is a small nonprofit that reported $428K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $479K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FURTHER LABOR-MANAGEMENT COOPERATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $414,238

Investment Income $13,656

Other Revenue $0

TOTAL REVENUE $427,894

Expense Breakdown

Grants Paid $168,202

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $300,164

TOTAL EXPENSES $478,878

Year-over-Year Comparison

	2025	2024	Change
Revenue	$427,894	$349,246	+0.2%
Expenses	$478,878	$499,742	0.0%
Net Income	$-50,984	$-150,496	-0.7%

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

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

$431,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MCINERNEY	LABOR TRUSTEE	1.00	Director	$0	$80,690	$228,312
ANTHONY CAVALLI	LABOR TRUSTEE	1.00	Director	$0	$75,497	$202,814
MICHAEL MOCONYI	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MURGATROYD	MANAGEMENT TRUSTEE	1.00	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	$427,894	$478,878	$749,406	$-50,984
2024	$349,246	$499,742	$800,390	$-150,496
2023	$308,164	$537,664	$950,886	$-229,500
2022	$346,558	$453,717	$1,180,386	$-107,159
2021	$284,711	$312,648	$1,287,545	$-27,937
2020	$310,965	$182,371	$1,315,482	$128,594
2019	$625,321	$522,195	$1,186,888	$103,126
2018	$602,849	$400,376	$1,083,762	$202,473

IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST