INTERNATIONAL BROTHERHOOD OF 968 LOCAL UNION (EIN 550244862) - Form 990 Financial Analysis & Trantor Score

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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

1964

Legal Domicile

Principal Officer

LORNE MILLS

Phone

3044857412

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF 968 LOCAL UNION, founded in 1964, is a small nonprofit that reported $802K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $759K left a modest 5% surplus.

Mission

TO ENSURE THE ADHERENCE TO UNION PROVISIONS IN REGARDS TO WAGES, BENEFITS, AND WORKING CONDITIONS AND TO PROMOTE QUALITY UNION WORKMANSHIP TO CONTRACTORS AND BUSINESSES IN THE LOCAL UNION AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $151,366

Program Service Revenue $598,576

Investment Income $54,067

Other Revenue $-1,722

TOTAL REVENUE $802,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $435,469

Fundraising Expenses $0

Other Expenses $323,617

TOTAL EXPENSES $759,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802,287	$930,663	-0.1%
Expenses	$759,086	$767,078	0.0%
Net Income	$43,201	$163,585	-0.7%

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

238

Independent Members

238

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

$131,897

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORNE MILLS	FINANCIAL SE	40.00	Officer	$125,996	$0	$125,996
THOMAS CARPENTER	PRESIDENT	2.00	Officer	$4,341	$0	$4,341
DAVID E ANDERSON	TREASURER	1.00	Officer	$600	$0	$600
EMILY LUMPKIN	RECORDING SE	1.00	Officer	$600	$0	$600
JAMES BURKHAMMER	VICE PRESIDE	1.00	Officer	$360	$0	$360
JOSEPH PERRINE	VICE PRESIDE	1.00	Officer	$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	$802,287	$759,086	$1,125,628	$43,201
2023	$930,663	$767,078	$1,085,352	$163,585
2022	$618,770	$750,882	$922,134	$-132,112
2021	$729,929	$688,220	$1,053,387	$41,709
2020	$640,958	$658,843	$1,011,484	$-17,885
2019	$778,968	$707,543	$1,029,604	$71,425
2018	$709,667	$709,934	$1,005,903	$-267

INTERNATIONAL BROTHERHOOD OF 968 LOCAL UNION