IBEW LOCAL 551 BUILDING CORPORATION (EIN 680408960) - 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

1998

Legal Domicile

Principal Officer

John McEntagart

Phone

7075423505

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 551 BUILDING CORPORATION, founded in 1998, is a small nonprofit that reported $109K in total revenue in fiscal year 2024. Expenses of $122K exceeded revenue, resulting in a 12% operating deficit.

Mission

This organization owns and operates a building which serves as the premises for the local union hall.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $103

Other Revenue $108,618

TOTAL REVENUE $108,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $122,157

TOTAL EXPENSES $122,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,721	$108,868	0.0%
Expenses	$122,157	$110,367	+0.1%
Net Income	$-13,436	$-1,499	+8.0%

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

N/A

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

$622,886

Total Directors

$622,886

Key Employees

$543,442

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J McEntagart	Business agent	004.00	Officer Director Key Emp Highest	$0	$0	$190,016
J Mumm	Business agent	004.00	Officer Director Key Emp	$0	$0	$177,773
J Tremaine	Recording secretary	001.00	Officer Director Key Emp	$0	$0	$175,653
Stephanie Hall	Board Member	001.00	Officer Director	$0	$0	$63,299
N Paglia	President	004.00	Officer Director	$0	$0	$10,629
P Wheeler	Board member	001.00	Officer Director	$0	$0	$1,971
Adrian Hardestry	Board Member	001.00	Officer Director	$0	$0	$1,678
Sean Corcoran	Board Member	001.00	Officer Director	$0	$0	$1,174
H Kaufman	Board Member	001.00	Officer Director	$0	$0	$351
M Dohner	Treasurer	001.00	Officer Director	$0	$0	$342

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	$108,721	$122,157	$826,044	$-13,436
2023	$108,868	$110,367	$839,480	$-1,499
2022	$399,136	$106,920	$840,731	$292,216
2021	$108,241	$104,925	$548,467	$3,316
2020	$106,506	$95,649	$545,142	$10,857
2019	$104,309	$93,359	$538,479	$10,950
2018	$104,137	$86,307	$523,290	$17,830

IBEW LOCAL 551 BUILDING CORPORATION