ELEVATOR INDUSTRY WORK PRESERVATION FUND

EIN: 522051811

COLUMBIA, MD

Total Revenue
$39,452,103
Total Expenses
$30,659,890
Total Assets
$91,581,179
Net Assets
$76,922,105
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
R ALLEN SPEARS
Phone
8885113113
Tax Period
2022-07-01 to 2023-06-30

ELEVATOR INDUSTRY WORK PRESERVATION FUND, founded in 1997, is a mid-sized nonprofit that reported $39.5M in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.8M, a strong 22% operating margin.

Mission

THE FUND ADMINISTERS A LABOR-MANAGEMENT COOPERATION COMMITTEE. THE EXEMPT PURPOSE OF THIS FUND IS TO IMPROVE LABOR-MANAGEMENT RELATIONS, ECONOMIC DEVELOPMENT, AND OTHER COMMUNICATIONS BETWEEN LABOR AND MANAGEMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,981,175
Investment Income $46
Other Revenue $1,470,882
TOTAL REVENUE $39,452,103

Expense Breakdown

Grants Paid $1,500,000
Salaries & Benefits $7,240,915
Fundraising Expenses $0
Program Expenses $21,812,527
Other Expenses $21,918,975
TOTAL EXPENSES $30,659,890

Year-over-Year Comparison

2022 2021 Change
Revenue $39,452,103 $29,193,872 +0.4%
Expenses $30,659,890 $25,150,645 +0.2%
Net Income $8,792,213 $4,043,227 +1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
25
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
1
$390,855
Total Directors
3
$1,719,091
Key Employees
2
$639,701
Highest Compensated
12
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK J CHRISTENSEN TRUSTEE 1.00
Director
$0 $177,524 $599,662
JAMES K BENDER II TRUSTEE 1.00
Director
$0 $168,691 $558,128
LARRY J MCGANN TRUSTEE 1.00
Director
$0 $168,691 $561,301
R ALLEN SPEARS NATIONAL DIRECTOR 50.00
Officer
$296,001 $94,854 $390,855
MICHAEL D MORAND ASSTANT NAT'L DIRECTOR 50.00
Key Emp
$232,691 $84,345 $317,036
JAMES M DEMMEL ASSTANT NAT'L DIRECTOR/NATIONAL COORDINATOR 45.00
Key Emp
$238,320 $84,345 $322,665
MARK S MULLINS NATIONAL COORDINATOR 45.00
Highest
$223,669 $79,090 $302,759
ROBERT S HULTSTROM NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
ALEX J KRUPSKI NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
CARISA H BARRETT NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
JOHN VALONE NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
KEVIN P SULLIVAN NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
DAVID R HALLMARK NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
ERIC ROGERS NATIONAL COORDINATOR 45.00
Highest
$229,574 $79,090 $308,664
DONALD M WINKLE NATIONAL COORDINATOR 45.00
Highest
$222,581 $79,090 $301,671
HOWARD S RUSSELL NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
TIMOTHY GRAY NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
GREGORY L LEVENSON NATIONAL COORDINATOR 45.00
Highest
$222,561 $79,090 $301,651
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 No data No data No data No data
2024 No data No data No data No data
2023 $39,452,103 $30,659,890 $91,581,179 $8,792,213
2022 $29,193,872 $25,150,645 $81,169,889 $4,043,227
2021 $27,265,052 $16,722,566 $75,509,631 $10,542,486
2020 $23,195,622 $14,750,080 $63,534,974 $8,445,542
2019 $20,101,485 $13,973,482 $55,032,501 $6,128,003
2018 $16,470,282 $12,065,025 $48,832,103 $4,405,257
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ELEVATOR INDUSTRY WORK PRESERVATION FUND with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.