Local Union No 9 IBEW and Outside … - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

art burke

Phone

7084499004

Tax Period

2023-11-01 to 2024-10-31

Local Union No 9 IBEW and Outside Contractors Labor Management Coop, founded in 2018, is a micro nonprofit in the Community Improvement sector that reported $10K in total revenue in fiscal year 2023. Revenue surged 33261% from the prior year, signaling strong growth momentum. Expenses of $36K exceeded revenue, resulting in a 247% operating deficit.

Mission

Engage in activities incidental or related to improving communications between labor and management and enhancing job security and organizational effectiveness.

Program Service Accomplishments

Program 1

Engage in activities incidental or related to improving communications between labor and management and enhancing job security and organizational effectiveness.

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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 $1,298

Investment Income $9,044

Other Revenue $0

TOTAL REVENUE $10,342

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,914

TOTAL EXPENSES $35,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,342	$31	+332.6%
Expenses	$35,914	$80,273	-0.6%
Net Income	$-25,572	$-80,242	-0.7%

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

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
John C Burkard	Trustee	2.00	Director	$0	$0	$0
Art Burke	Trustee	2.00	Director	$0	$0	$0
Frank Lizzadro	Trustee	2.00	Director	$0	$0	$0
John D Dowling	Trustee	2.00	Director	$0	$0	$0
William Niesman	Trustee	2.00	Director	$0	$0	$0
Kevin B Schuster	Trustee	2.00	Director	$0	$0	$0
John Jamicich	Trustee	2.00	Director	$0	$0	$0
Stephen Aldridge	Trustee	2.00	Director	$0	$0	$0
Thomas McClusky	Trustee	2.00	Director	$0	$0	$0
Matt Turk	trustee	2.00	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
2024	$10,342	$35,914	$317,188	$-25,572
2023	$31	$80,273	$383,724	$-80,242
2022	$598	$229,139	$514,991	$-228,541
2021	$205,743	$80,376	$692,484	$125,367
2020	$398,456	$98,423	$565,980	$300,033

Local Union No 9 IBEW and Outside Contractors Labor Management Coop