INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS - LOCAL 80

EIN: 561042277

GARNER, NC

Total Revenue
$1,003,452
Total Expenses
$823,234
Total Assets
$582,050
Net Assets
$577,019
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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
1926
Legal Domicile
NC
Principal Officer
TOMMY WILLETT
Phone
9195966172
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS - LOCAL 80, founded in 1926, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 18% operating margin.

Mission

ADMINISTERING UNION FOR BENEFITS OF MEMBERS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $996,963
Investment Income $6,489
Other Revenue $0
TOTAL REVENUE $1,003,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $357,073
Fundraising Expenses $0
Program Expenses $620,894
Other Expenses $457,211
TOTAL EXPENSES $823,234

Year-over-Year Comparison

2025 2024 Change
Revenue $1,003,452 $795,125 +0.3%
Expenses $823,234 $604,462 +0.4%
Net Income $180,218 $190,663 -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

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Governance

Voting Members
318
Independent Members
318
Employees
2
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
5
$145,355
Total Directors
12
$240,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOMMY WILLETT BUS. MGR/FIN 40.00
Officer Director
$145,355 $0 $145,355
ROBERT WILHELMY EXECUTIVE BO 40.00
Director
$94,795 $0 $94,795
SCOTT ALLEN TRUSTEE N/A
Director
$0 $0 $0
DWIGHT COBLE PRESIDENT N/A
Officer Director
$0 $0 $0
DAVID EDINGTON EXECUTIVE BO N/A
Director
$0 $0 $0
MATTHEW HRUBES WARDEN N/A
Director
$0 $0 $0
BRIAN KAVANAUGH EXECUTIVE BO N/A
Director
$0 $0 $0
WILLIAM J MARTIN VICE PRESIDE N/A
Officer Director
$0 $0 $0
SAMUEL C POWERS TRUSTEE N/A
Director
$0 $0 $0
ROGER C SHUMATE FORMER BUS. N/A
Officer Director
$0 $0 $0
SAMUEL J SMITH TRUSTEE N/A
Director
$0 $0 $0
MICHAEL THORNTON RECORDING SE N/A
Officer Director
$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 $1,003,452 $823,234 $582,050 $180,218
2024 $795,125 $604,462 $437,671 $190,663
2023 $549,040 $560,112 $250,901 $-11,072
2022 $552,649 $512,565 $257,463 $40,084
2021 $551,519 $500,202 $217,515 $51,317
2020 $535,830 $470,104 $166,859 $65,726
2019 $470,013 $442,802 $103,860 $27,211
2018 $390,958 $393,922 $75,799 $-2,964
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