LOCAL UNION 80

EIN: 540201729

NORFOLK, VA

Total Revenue
$1,182,057
Total Expenses
$1,151,325
Total Assets
$3,040,451
Net Assets
$2,940,735
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1899
Principal Officer
AUSTIN NOBLES
Phone
7574801740
Tax Period
2023-01-01 to 2023-12-31

LOCAL UNION 80, founded in 1899, is a small nonprofit that reported $905K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE MEMBERS OF THE LOCAL ELECTRICAL UNION WITH SERVICES AND BENEFITS AND TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,122,182
Investment Income $57,248
Other Revenue $2,627
TOTAL REVENUE $1,182,057

Expense Breakdown

Grants Paid $0
Salaries & Benefits $620,080
Fundraising Expenses $0
Other Expenses $522,539
TOTAL EXPENSES $1,151,325

Year-over-Year Comparison

2023 2022 Change
Revenue $1,182,057 $1,575,494 -0.2%
Expenses $1,151,325 $1,071,508 +0.1%
Net Income $30,732 $503,986 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
N/A
Employees
31
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
4
$18,518
Total Directors
6
$121,948
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BLANKENBURG PRESIDENT 2.00
Officer
$8,541 $0 $8,541
LARRY SHAFFER VICE PRESIDE 2.00
Officer
$1,676 $0 $1,676
AUSTIN NOBLES TREASURER 2.00
Officer
$2,810 $0 $2,810
TYLER WHITLEY RECORDING SE 2.00
Officer
$5,491 $0 $5,491
FRED LINKENHOKER EXECUTIVE BO 2.00
Director
$1,073 $0 $1,073
STEVE SMITH EXECUTIVE BO 2.00
Director
$619 $0 $619
TONY BLACKMAN EXECUTIVE BO 2.00
Director
$670 $0 $670
DAVID BOUDLOCHE EXECUTIVE BO 2.00
Director
$804 $0 $804
WESLEY GARCIA EXECUTIVE BO 40.00
Director
$1,140 $0 $1,140
LAWRENCE HARR EXEC BOARD/O 2.00
Director
$89,501 $28,141 $117,642
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 $1,182,057 $1,151,325 $3,040,451 $30,732
2022 $1,575,494 $1,071,508 $2,905,352 $503,986
2021 $1,440,350 $993,422 $2,694,980 $446,928
2020 $812,067 $895,661 $2,264,205 $-83,594
2019 $921,461 $896,093 $2,136,536 $25,368
2018 $904,720 $1,027,328 $1,941,749 $-122,608
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