LOCAL UNION 605 ELECTRICAL WORKERS BUILDING ASSOCIATION INC

EIN: 640668292

CRYSTAL SPRINGS, MS

Total Revenue
$50,689
Total Expenses
$80,420
Total Assets
$528,719
Net Assets
$528,719
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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
2024-01-01 to 2024-12-31

LOCAL UNION 605 ELECTRICAL WORKERS BUILDING ASSOCIATION INC, founded in 1980, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $80K exceeded revenue, resulting in a 59% operating deficit.

Mission

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,000
Investment Income $21,689
Other Revenue $0
TOTAL REVENUE $50,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $80,420
TOTAL EXPENSES $80,420

Year-over-Year Comparison

2024 2023 Change
Revenue $50,689 $39,607 +0.3%
Expenses $80,420 $91,498 -0.1%
Net Income $-29,731 $-51,891 -0.4%
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
5
$121,221
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KILLINGSWORTH ASSISTANT BU N/A
Officer
$0 $0 $117,944
THOMAS PARSONS PRESIDENT N/A
Officer
$0 $0 $0
KEITH GORDON TREASURER N/A
Officer
$0 $0 $0
CHRIS ELKINS ASSIST BUSIN N/A
Officer
$0 $0 $0
GRADY HOLLOWELL BUSINESS MAN 0.00
Officer
$0 $0 $3,277
JAMES THOMPSON EXECUTIVE BO N/A
Director
$0 $0 $0
MARK MCCANN EXECUTIVE BO N/A
Director
$0 $0 $0
ZAC WHITE EXECUTIVE BO N/A
Director
$0 $0 $0
OAK FLOYD EXECUTIVE BO N/A
Director
$0 $0 $0
CASEY OWENS EXECUTIVE BO N/A
Director
$0 $0 $0
CHRIS HENDERSON EXECUTIVE BO N/A
Director
$0 $0 $0
ANDY STEVENSON EXECUTIVE BO N/A
Director
$0 $0 $0
JARED NORSWORTHY EXECUTIVE BO N/A
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
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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