IBEW LOCAL 488 LABOR MANAGEMENT COOPERATION TRUST

EIN: 462805810

MONROE, CT

Total Revenue
$427,894
Total Expenses
$478,878
Total Assets
$749,406
Net Assets
$749,406
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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
CT
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.

Program Service Accomplishments

Program 1

THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LOCAL 488 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR AND MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER...

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THE LMCC WAS ESTABLISHED TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR NECA-IBEW LOCAL 488 PROGRAMS. IT PROMOTES AND IMPROVES COMMUNICATION BETWEEN LABOR AND MANAGEMENT THROUGH THE ENHANCEMENT OF WORKER INVOLVEMENT IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES. IN ADDITION, IT ALLOWS IBEW LOCAL 488 TO PROMOTE ITSELF THROUGH COMMUNITY INVOLVEMENT AND PARTICIPATION IN AN EFFORT TO INCREASE AWARENESS.

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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 $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

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Governance

Voting Members
4
Independent Members
2
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
0
$0
Total Directors
4
$431,126
Key Employees
0
$0
Highest Compensated
0
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
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