INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION NO 48 (EIN 550637853) - 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

1918

Legal Domicile

Principal Officer

JOHN M DONNELLAN

Phone

3043438345

Tax Period

2024-10-01 to 2025-09-30

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION NO 48, founded in 1918, is a small nonprofit that reported $358K in total revenue in fiscal year 2024.

Mission

ENCOURAGE A HIGHER STANDARD OF SKILL AMONG ITS MEMBERS; TO OBTAIN AND MAINTAIN A FAIR STANDARD OF WAGES; TO ASSIST EACH OTHER IN SECURING EMPLOYMENT; AND TO PROTECT THE JURISDICTION OF THE CRAFT; AND RELATED.

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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 $0

Program Service Revenue $355,331

Investment Income $0

Other Revenue $2,969

TOTAL REVENUE $358,300

Expense Breakdown

Grants Paid $2,109

Salaries & Benefits $253,698

Fundraising Expenses $0

Other Expenses $108,158

TOTAL EXPENSES $363,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,300	$372,011	0.0%
Expenses	$363,965	$351,152	+0.0%
Net Income	$-5,665	$20,859	-1.3%

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

$241,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M DONNELLAN	BUS MGR/ SEC	40.00	Officer	$153,761	$87,252	$241,013
CHRIS MCGHEE	TRUSTEE	0.50	Officer Director	$0	$0	$0
STEPHEN WILLIAMS	TRUSTEE	0.50	Officer Director	$0	$0	$0
KORBEN WRIGHT	TRUSTEE	0.50	Officer Director	$0	$0	$0
ROBERT CHANEY	VICE PRESIDE	0.50	Officer	$0	$0	$0
TIMOTHY PERRY	PRESIDENT	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
2025	$358,300	$363,965	$160,115	$-5,665
2024	$372,011	$351,152	$165,601	$20,859
2023	$308,558	$334,589	$144,566	$-26,031
2022	$315,748	$321,990	$170,682	$-6,242
2021	$341,590	$311,496	$177,439	$30,094
2020	$291,720	$299,457	$147,185	$-7,737
2019	$300,397	$287,547	$153,709	$12,850
2018	$298,193	$289,214	$144,509	$8,979

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL UNION NO 48