LOCAL UNION 605 ELECTRICAL WORKERS BUILDING ASSOCIATION INC

EIN: 640668292

CRYSTAL SPRINGS, MS

Total Revenue
$101,338
Total Expenses
$162,411
Total Assets
$470,384
Net Assets
$470,384
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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
1980
Legal Domicile
MS
Principal Officer
GRADY HOLLOWELL
Phone
6018925162
Tax Period
2025-01-01 to 2025-12-31

LOCAL UNION 605 ELECTRICAL WORKERS BUILDING ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $101K in total revenue in fiscal year 2025. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $162K exceeded revenue, resulting in a 60% operating deficit.

Mission

REAL ESTATE HOLDING CORPORATION FOR LOCAL UNION 605 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

OWNERSHIP AND MAINTENANCE OF PROPERTY USED BY IBEW LOCAL UNION NO. 605 FOR MEETINGS AND ADMINISTRATION.

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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 $30,000
Investment Income $71,338
Other Revenue $0
TOTAL REVENUE $101,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $162,411
TOTAL EXPENSES $162,411

Year-over-Year Comparison

2025 2024 Change
Revenue $101,338 $50,689 +1.0%
Expenses $162,411 $80,420 +1.0%
Net Income $-61,073 $-29,731 +1.1%
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
10
Independent Members
10
Employees
N/A
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
6
$381,907
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRADY HOLLOWELL BUSINESS MAN 0.00
Officer
$0 $54,591 $314,955
CHRIS ELKINS PAST ASST BU 0.00
Officer
$0 $360 $8,040
DAVID KILLINGSWORTH PAST ASST BU 0.00
Officer
$0 $0 $4,010
THOMAS PARSONS PRES/ASST BU 0.00
Officer
$0 $0 $54,902
ZAC WHITE VICE PRESIDE 0.00
Officer
$0 $0 $0
TOM HUDSON TREASURER 0.00
Officer
$0 $0 $0
KEITH GORDON EXECUTIVE BO 0.00
Director
$0 $0 $0
CASEY OWENS EXECUTIVE BO 0.00
Director
$0 $0 $0
ANDY STEVENSON EXECUTIVE BO 0.00
Director
$0 $0 $0
CHRIS HENDERSON EXECUTIVE BO 0.00
Director
$0 $0 $0
TERRY CAUSEY EXECUTIVE BO 0.00
Director
$0 $0 $0
HARPER FARRELL EXECUTIVE BO 0.00
Director
$0 $0 $0
MICHAEL MOORE EXECUTIVE BO 0.00
Director
$0 $0 $0
BRAD WHITTINGTON EXECUTIVE BO 0.00
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 $101,338 $162,411 $470,384 $-61,073
2024 $50,689 $80,420 $528,719 $-29,731
2023 $39,607 $91,498 $501,786 $-51,891
2022 $70,428 $85,079 $496,679 $-14,651
2021 $67,669 $41,118 $616,576 $26,551
2020 $48,734 $68,306 $545,661 $-19,572
2019 $53,769 $116,839 $543,683 $-63,070
2018 $72,374 $96,404 $539,073 $-24,030
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