IBEW LOCAL 292 BUILDING CORPORATION (EIN 833210476) - 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

2018

Legal Domicile

Principal Officer

JEFF HEIMERL

Phone

6123791292

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 292 BUILDING CORPORATION, founded in 2018, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 83% operating margin.

Mission

BUILDING CORPORATION

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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 $0

Investment Income $0

Other Revenue $2,021,191

TOTAL REVENUE $2,021,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $349,880

TOTAL EXPENSES $349,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,021,191	$2,668,705	-0.2%
Expenses	$349,880	$379,938	-0.1%
Net Income	$1,671,311	$2,288,767	-0.3%

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

Total Directors

$1,259,063

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HEIMERL	BUSINESS MANAGER	1.00	Director	$0	$65,749	$245,285
DANIEL FERGUSON	PRESIDENT-PAST/BUSINESS REP	1.00	Director	$0	$56,479	$193,688
JOHN KRIPOTOS	PRESIDENT/BUSINESS REP	1.00	Director	$0	$56,479	$193,688
WILLIAM KRAUSE	VICE PRESIDENT/BUSINESS REP	1.00	Director	$0	$56,479	$193,688
DAVID FRARY	TREASURER/BUSINESS REP	1.00	Director	$0	$56,479	$193,688
TODD HUTTNER	RECORDING SECRETARY	0.10	Director	$0	$410	$3,594
JENNIFER MUDGE	FINANCIAL SEC/BUSINESS REP	1.00	Director	$0	$59,478	$207,042
KEITH ANDERSON	EXECUTIVE BOARD	0.10	Director	$0	$25	$753
DEAN LEWIS	EXECUTIVE BOARD	0.10	Director	$0	$0	$674
DANIEL MCCONNELL	EXECUTIVE BOARD	0.10	Director	$0	$0	$670
JEFFREY ORTH	EXECUTIVE BOARD-PAST	0.10	Director	$0	$12	$296
MICHAEL SUBJECT	EXECUTIVE BOARD	0.10	Director	$0	$256	$1,295
ANTHONY CARTER	EXECUTIVE BOARD-PAST	0.10	Director	$0	$0	$0
KURT TULP	EXECUTIVE BOARD	0.10	Director	$0	$225	$1,957
CHRISTINE ULM	EXECUTIVE BOARD	0.10	Director	$0	$1,596	$6,087
MYLES LEMBKE	EXECUTIVE BOARD-PAST	0.10	Director	$0	$1,628	$7,641
JOHN WINKELS	EXECUTIVE BOARD	0.10	Director	$0	$976	$9,017

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,021,191	$349,880	$10,579,804	$1,671,311
2022	$2,668,705	$379,938	$9,267,967	$2,288,767
2021	$353,674	$405,270	$9,444,602	$-51,596
2020	$174,067	$361,774	$9,692,620	$-187,707
2019	$5,003,425	$49,157	$5,071,204	$4,954,268

IBEW LOCAL 292 BUILDING CORPORATION