I B E W LOCAL UNION NO 22 BUILDING CORPORATION (EIN 470535824) - 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

1952

Legal Domicile

Principal Officer

BARRY MAYFIELD

Phone

4023318147

Tax Period

2025-01-01 to 2025-12-31

I B E W LOCAL UNION NO 22 BUILDING CORPORATION, founded in 1952, is a small nonprofit that reported $166K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $216K exceeded revenue, resulting in a 30% operating deficit.

Mission

BUILDING RENTAL TO LOCAL UNION.

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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 $166,247

Investment Income $0

Other Revenue $0

TOTAL REVENUE $166,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $216,475

TOTAL EXPENSES $216,475

Year-over-Year Comparison

	2025	2024	Change
Revenue	$166,247	$140,894	+0.2%
Expenses	$216,475	$226,758	0.0%
Net Income	$-50,228	$-85,864	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY IGNOWSKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICK JANKOWSKI	VICE PRES.	N/A	Officer Director	$0	$0	$0
BARRY MAYFIELD	FIN. SECR./B	N/A	Officer	$0	$0	$0
DOUG IGNOWSKI	EXEC. BOARD	N/A	Director	$0	$0	$0
TIM HEAVEY	EXEC. BOARD	N/A	Director	$0	$0	$0
BRANDON HUNTER	EXEC. BOARD	N/A	Director	$0	$0	$0
GREGORY GARNER	EXEC. BOARD	N/A	Director	$0	$0	$0
CLINT GROBECK	EXEC. BOARD	N/A	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	$166,247	$216,475	$2,136,140	$-50,228
2024	$140,894	$226,758	$2,209,058	$-85,864
2023	$187,302	$232,763	$2,237,881	$-45,461
2022	$149,322	$203,865	$2,177,443	$-54,543
2021	$168,953	$206,224	$1,771,368	$-37,271
2020	$214,290	$132,360	$1,741,974	$81,930
2019	$245,493	$151,056	$1,631,690	$94,437
2018	$177,945	$106,362	$1,605,407	$71,583

I B E W LOCAL UNION NO 22 BUILDING CORPORATION