IBT LOCAL NO 29 (EIN 540739139) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

WILLIAM M MARTIN

Phone

5402481200

Tax Period

2023-01-01 to 2023-12-31

IBT LOCAL NO 29, founded in 1963, is a small nonprofit that reported $977K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $864K left a modest 12% surplus.

Mission

LABOR UNION

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,264,097

Program Service Revenue $0

Investment Income $28,981

Other Revenue $0

TOTAL REVENUE $1,293,078

Expense Breakdown

Grants Paid $4,409

Salaries & Benefits $695,600

Fundraising Expenses $0

Other Expenses $402,404

TOTAL EXPENSES $1,168,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,293,078	$1,183,233	+0.1%
Expenses	$1,168,978	$1,015,367	+0.2%
Net Income	$124,100	$167,866	-0.3%

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

Governance

Voting Members

Independent Members

N/A

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

$417,668

Total Directors

$10,920

Key Employees

$623,592

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M MARTIN	SECRETARY-TREASURER	63.00	Officer Key Emp Highest	$146,525	$60,067	$206,592
ROBERT K GOOCH IV	PRESIDENT	63.00	Officer Key Emp Highest	$146,524	$60,067	$206,591
KENNETH W McDONALDSON	VICE-PRESIDENT	1.00	Officer Director	$2,145	$0	$2,145
GREGORY W GENTRY	RECORDING SECRETARY	3.00	Officer Director	$2,340	$0	$2,340
LAVETTA C HARRIS	TRUSTEE	1.00	Director	$2,145	$0	$2,145
RICHARD J GREGORY	TRUSTEE	1.00	Director	$2,340	$0	$2,340
DAVID COMER	TRUSTEE	1.00	Director	$1,950	$0	$1,950
TERESA J MORRIS	OFFICE MANAGER	40.00	Key Emp	$64,960	$60,067	$125,027
GREGORY W GENTRY	ORGANIZER	60.00	Key Emp	$55,348	$30,034	$85,382

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	$1,293,078	$1,168,978	$1,619,338	$124,100
2022	$1,183,233	$1,015,367	$1,492,826	$167,866
2021	$1,196,578	$1,003,657	$1,327,145	$192,921
2020	$969,965	$885,978	$1,134,233	$83,987
2019	$926,173	$869,674	$1,052,372	$56,499
2018	$976,758	$863,701	$993,725	$113,057

IBT LOCAL NO 29