IBEW LOCAL 40 NECA LABOR - MANAGEMENT COOPERATION COMMITTEE (EIN 844286799) - 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

Stephan Davis

Phone

8008867559

Tax Period

2023-10-01 to 2024-09-30

IBEW LOCAL 40 NECA LABOR - MANAGEMENT COOPERATION COMMITTEE, founded in 2018, is a small nonprofit in the Employment sector that reported $256K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $338K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE LMCC EXISTS TO PROMOTE MANAGEMENT AND LABOR COOPERATION AND TO PROVIDE A VEHICLE TO PROMOTE INDUSTRY INFORMATION.

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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 $213,228

Investment Income $36,694

Other Revenue $6,422

TOTAL REVENUE $256,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $337,833

TOTAL EXPENSES $337,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,344	$361,087	-0.3%
Expenses	$337,833	$227,778	+0.5%
Net Income	$-81,489	$133,309	-1.6%

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
SEAN MCKENNA	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
RANDY OLMOS	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
JIM WILSON	EMPLOYER TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
PETE DIAMOND	UNION TRUSTEE	1.0	Director	$0	$0	$0
STEPHAN DAVIS	UNION TRUSTEE/SECRETARY	1.0	Director	$0	$0	$0
TIM DIXON	UNION TRUSTEE	1.0	Director	$0	$0	$0
ERIC CARTIER	EMPLOYER TRUSTEE/CHAIRMAN	1.0	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	$256,344	$337,833	$1,220,754	$-81,489
2023	$361,087	$227,778	$1,201,482	$133,309
2022	$328,823	$214,720	$1,039,990	$114,103
2021	$159,144	$71,874	$1,022,743	$87,270
2020	$200,938	$56,749	$937,538	$144,189

IBEW LOCAL 40 NECA LABOR - MANAGEMENT COOPERATION COMMITTEE