LOCAL UNION NO 369 ELECTRICAL WORKERS BUILDING CORPORATION (EIN 616058530) - 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

1967

Legal Domicile

Principal Officer

STEVE PETERS

Phone

5023682568

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION NO 369 ELECTRICAL WORKERS BUILDING CORPORATION, founded in 1967, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 818% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 81% operating margin.

Mission

HOLDING TITLE TO PROPERTY, COLLECTING AND REMITTING THE INCOME, LESS EXPENSES, TO AN EXEMPT ORGANIZATION.

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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 $2,123,000

Investment Income $0

Other Revenue $54,665

TOTAL REVENUE $2,177,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,038

Other Expenses $410,144

TOTAL EXPENSES $410,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,177,665	$237,311	+8.2%
Expenses	$410,144	$227,738	+0.8%
Net Income	$1,767,521	$9,573	+183.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD DEVINE IV	TRUSTEE	1.00	Director	$0	$0	$0
STEVE PETERS	PRESIDENT/TRUSTEE	1.00	Officer	$0	$0	$0
RONALD E GRESHAM JR	TREASURER	1.00	Officer	$0	$0	$0
STEVEN SEXTON	SECRETARY	1.00	Officer	$0	$0	$0
BRYON THOMPSON	VICE 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
2024	No data	No data	No data	No data
2023	$2,177,665	$410,144	$4,717,609	$1,767,521
2022	$237,311	$227,738	$2,950,088	$9,573
2021	$536,817	$195,279	$2,940,515	$341,538
2020	$201,048	$196,530	$2,598,977	$4,518
2019	$295,251	$130,707	$2,594,459	$164,544
2018	$347,976	$134,760	$2,513,790	$213,216

LOCAL UNION NO 369 ELECTRICAL WORKERS BUILDING CORPORATION