INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 124 (EIN 630889995) - 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

Principal Officer

JOSH GARLOCK

Phone

8504499840

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 124 is a small nonprofit that reported $737K in total revenue in fiscal year 2025. The organization ran a surplus of $261K, a strong 35% operating margin.

Mission

THIS ORGANIZATION IS A LABOR UNION. IT WORKS TO GET JOBS FOR ITS MEMBERS AND TO NEGOTIATE WAGES AND CONTRACTS FOR THE MEMBERSHIP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $629,518

Investment Income $25,501

Other Revenue $82,277

TOTAL REVENUE $737,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,344

Fundraising Expenses $0

Program Expenses $414,282

Other Expenses $227,213

TOTAL EXPENSES $476,557

Year-over-Year Comparison

	2025	2024	Change
Revenue	$737,296	$698,003	+0.1%
Expenses	$476,557	$450,424	+0.1%
Net Income	$260,739	$247,579	+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

Governance

Voting Members

147

Independent Members

147

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH GARLOCK	PRESIDENT	N/A	Officer	$0	$0	$0
CHRIS MIDDLETON	BUSINESS MGR	N/A	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	$737,296	$476,557	$1,658,268	$260,739
2024	$698,003	$450,424	$1,396,522	$247,579
2023	$640,427	$411,886	$1,148,898	$228,541
2022	$509,596	$367,398	$921,576	$142,198
2021	$504,163	$336,427	$779,333	$167,736
2020	$412,118	$317,975	$611,513	$94,143
2019	$365,959	$317,947	$516,475	$48,012
2018	$399,150	$306,768	$468,458	$92,382

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 124