INTERNATIONAL BROTHERHOOD OF 26 NECA LABOR MNGMT COOP COMM TR FU

EIN: 526839884

LANHAM, MD

Total Revenue
$1,861,296
Total Expenses
$1,335,043
Total Assets
$2,407,262
Net Assets
$2,347,830
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
JEFF GADDY
Phone
3017311062
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF 26 NECA LABOR MNGMT COOP COMM TR FU, founded in 1997, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $526K, a strong 28% operating margin.

Mission

THE ORGANIZATION IS ENGAGED IN EDUCATION AND INFORMATION PROGRAMS DESIGNATED TO IMPROVE COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT FOR A LOCAL UNION OF ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

THE ORGANIZATION ENGAGED IN EDUCATION AND INFORMATION PROGRAMS, INCLUDING PRODUCTION OF VIDEOS, DESIGNED TO IMPROVE COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT; TO PROVIDE WORKERS...

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THE ORGANIZATION ENGAGED IN EDUCATION AND INFORMATION PROGRAMS, INCLUDING PRODUCTION OF VIDEOS, DESIGNED TO IMPROVE COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS; TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE ELECTRICAL CONSTRUCTION INDUSTRY; TO SPONSOR PROGRAMS WHICH IMPROVE JOB SECURITY, ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT, AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY AND THE INDUSTRY; TO ENGAGE IN RESEARCH AND DEVELOPMENT PROGRAMS CONCERNING VARIOUS ASPECTS OF THE INDUSTRY, INCLUDING, BUT NOT LIMITED TO, NEW TECHNOLOGIES, OCCUPATIONAL SAFETY AND HEALTH, LABOR RELATIONS, AND NEW METHODS OF IMPROVED PRODUCTION; TO ENGAGE IN PUBLIC EDUCATION AND OTHER PROGRAMS TO EXPAND THE ECONOMIC DEVELOPMENT OF THE ELECTRICAL CONSTRUCTION INDUSTRY; TO ENHANCE THE INVOLVEMENT OF WORKERS IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES; AND TO DO ANY AND ALL OTHER LAWFUL ACTIVITIES INCIDENTAL OR RELATED TO THE ACCOMPLISHMENT OF THESE PURPOSES AND GOALS. THE ORGANIZATION PROMOTED THE BENEFITS OF THE UNION ELECTRICAL INDUSTRY THROUGH VARIOUS MEDIA OUTLETS; PROMOTED THE ELECTRICAL INDUSTRY AS A CAREER TO STUDENTS; AND PROMOTED SAFETY AT WORKSITES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $865,670
Program Service Revenue $963,580
Investment Income $32,046
Other Revenue $0
TOTAL REVENUE $1,861,296

Expense Breakdown

Grants Paid $188,612
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,146,431
TOTAL EXPENSES $1,335,043

Year-over-Year Comparison

2023 2022 Change
Revenue $1,861,296 $856,209 +1.2%
Expenses $1,335,043 $311,148 +3.3%
Net Income $526,253 $545,061 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DABBS TRUSTEE 1.0
Director
$0 $0 $0
RICK STEELE TRUSTEE 1.0
Director
$0 $0 $0
TOM CLARK TRUSTEE 1.0
Director
$0 $0 $0
SCOTT PINTO TRUSTEE 1.0
Director
$0 $0 $0
JEFF GADDY TRUSTEE 1.0
Director
$0 $0 $0
WILL NG TRUSTEE 1.0
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
2024 No data No data No data No data
2023 $1,861,296 $1,335,043 $2,407,262 $526,253
2022 $856,209 $311,148 $1,838,811 $545,061
2021 $752,056 $258,487 $1,328,172 $493,569
2020 $633,070 $469,704 $885,398 $163,366
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