INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 28 (EIN 470199156) - 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

1910

Legal Domicile

Principal Officer

MATTHEW MCATEE

Phone

4027347632

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 28, founded in 1910, is a small nonprofit in the Employment sector that reported $640K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $168K, a strong 26% operating margin.

Mission

COLLECTIVE BARGAINING UNIT

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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 $615,652

Investment Income $24,190

Other Revenue $0

TOTAL REVENUE $639,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,960

Fundraising Expenses $0

Other Expenses $208,485

TOTAL EXPENSES $471,445

Year-over-Year Comparison

	2025	2024	Change
Revenue	$639,842	$567,323	+0.1%
Expenses	$471,445	$434,389	+0.1%
Net Income	$168,397	$132,934	+0.3%

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

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

$160,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP AUGUSTYN	VICE PRESIDENT/EX BOARD	10.00	Officer Director	$0	$0	$0
RYAN TIARKS	EX BOARD	10.00	Director	$0	$0	$0
JESS PODRAZO	EX BOARD	10.00	Director	$0	$0	$0
BRAD PAXTON	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID STEVENSON	EX BOARD	10.00	Director	$0	$0	$0
MATTHEW MCATEE	BUSINESS MANAGER	45.00	Officer	$149,706	$0	$149,706
JEFFREY CERNIK	TREASURER/EX BOARD	15.00	Officer	$10,095	$0	$10,095
MICHAEL RODGERS	SECRETARY	10.00	Officer	$615	$0	$615
MADELINE GREENFIELD	SECRETARY	10.00		$3,064	$0	$3,064

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	$639,842	$471,445	$848,522	$168,397
2024	$567,323	$434,389	$677,043	$132,934
2023	$429,880	$428,034	$545,522	$1,846
2022	$442,528	$440,642	$545,315	$1,886
2021	$382,765	$404,336	$543,636	$-21,571
2020	$420,105	$362,724	$564,333	$57,381
2019	$396,041	$374,147	$506,610	$21,894
2018	$363,360	$353,071	$484,732	$10,289

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 28