INTERNATIONAL UNION OF ELEVATOR CO… - Form 990 Financial Data

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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

1919

Legal Domicile

Principal Officer

MICHAEL MOORE

Phone

8042711112

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS - LOCAL UNION 51, founded in 1919, is a small nonprofit that reported $588K in total revenue in fiscal year 2023. Expenses of $553K left a modest 6% surplus.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC BENEFITS THROUGH ORGANIZATION, NEGOTIATION, AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

THE UNION REPRESENTED ITS MEMBERS IN NEGOTIATING WITH EMPLOYERS AND REPRESENTING THEM IN LABOR MATTERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $555,749

Investment Income $20

Other Revenue $32,081

TOTAL REVENUE $587,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,086

Fundraising Expenses $0

Other Expenses $308,689

TOTAL EXPENSES $552,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$587,850	$553,546	+0.1%
Expenses	$552,775	$514,279	+0.1%
Net Income	$35,075	$39,267	-0.1%

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

Employees

Volunteers

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

$218,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TEDDY PETERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK THOMPSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS DOBBINS	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
RYAN CARSON	RECORDING SE	1.00	Officer Director	$0	$0	$0
MICHAEL MOORE	BUSINESS AGE	45.00	Officer	$124,360	$77,137	$201,497
JOHN MANCKIA	TRUSTEE	1.00	Director	$0	$0	$0
JOSH CHILDRESS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GOOD	TRUSTEE	1.00	Director	$0	$0	$0
ALLEN THOMPSON	FORMER BUS A	1.00	Officer	$12,556	$3,996	$16,552

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	$587,850	$552,775	$941,423	$35,075
2022	$553,546	$514,279	$930,888	$39,267
2021	$546,395	$485,254	$916,005	$61,141
2020	$521,793	$442,864	$617,998	$78,929
2019	$512,079	$446,436	$564,760	$65,643
2018	$439,286	$396,438	$333,306	$42,848

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS - LOCAL UNION 51