International Union of Elevator Constructors Local 71 (EIN 590232600) - 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

1924

Legal Domicile

Phone

3056333193

Tax Period

2023-01-01 to 2023-12-31

International Union of Elevator Constructors Local 71, founded in 1924, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 41% operating margin.

Mission

Represent its membership to improve wages, benefits and working conditions.

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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 $2,372,508

Program Service Revenue $390,064

Investment Income $1,627,707

Other Revenue $96,053

TOTAL REVENUE $4,486,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $836,248

Fundraising Expenses $0

Program Expenses $2,635,213

Other Expenses $1,678,976

TOTAL EXPENSES $2,635,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,486,332	$2,754,731	+0.6%
Expenses	$2,635,213	$2,224,029	+0.2%
Net Income	$1,851,119	$530,702	+2.5%

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

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

$418,481

Total Directors

$780

Key Employees

$147,123

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John M Herbert	VP/Business Manager	040.00	Officer Key Emp	$147,123	$0	$147,123
Nelson Milian	Business Representative	002.00	Officer	$129,130	$0	$129,130
Thomas Scudiero	Business Representative	002.00	Officer	$129,130	$0	$129,130
Adiel Martinez	Executive Board	002.00	Officer	$4,385	$0	$4,385
Michael Stella	Recording Secretary	002.00	Officer	$2,588	$0	$2,588
Matthew Vella	President	002.00	Officer	$2,420	$0	$2,420
John McClain	Executive Board	002.00	Officer	$1,770	$0	$1,770
Mike Sansone	Financial Sec/Treas	002.00	Officer	$735	$0	$735
Christopher McKenna	Executive Board	002.00	Director	$540	$0	$540
Stephen Flynn Fr	Executive Board	002.00	Officer	$540	$0	$540
Nestor Teramo	Executive Board	002.00	Officer	$540	$0	$540
James Somers	Trustee	002.00	Director	$120	$0	$120
Michael Clifford	Trustee	002.00	Director	$120	$0	$120
Regina Domenech	Trustee	002.00	Officer	$120	$0	$120

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	$4,486,332	$2,635,213	$11,168,422	$1,851,119
2022	$2,754,731	$2,224,029	$6,374,465	$530,702
2021	$2,751,293	$2,034,428	$6,588,590	$716,865
2020	$2,294,860	$1,935,919	$5,610,530	$358,941
2019	$2,357,462	$1,958,424	$5,129,453	$399,038
2018	$2,281,869	$1,829,387	$4,501,262	$452,482

International Union of Elevator Constructors Local 71