LOCAL 21 IBEW BUILDING CORPORATION (EIN 862974232) - 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

2020

Legal Domicile

Principal Officer

PAUL WRIGHT

Phone

6309604466

Tax Period

2025-01-01 to 2025-12-31

LOCAL 21 IBEW BUILDING CORPORATION, founded in 2020, is a micro nonprofit that reported $10K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $118K exceeded revenue, resulting in a 1117% operating deficit.

Mission

TITLE HOLDING 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $9,724

TOTAL REVENUE $9,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,295

TOTAL EXPENSES $118,295

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,724	$13,401	-0.3%
Expenses	$118,295	$98,634	+0.2%
Net Income	$-108,571	$-85,233	+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

$701,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVON JENNINGS	DIRECTOR	1.00	Director	$0	$487	$44,412
PAUL WRIGHT	DIRECTOR/PRESIDENT	1.00	Director	$0	$946	$225,214
SUE ELDER	DIRECTOR	1.00	Director	$0	$426	$27,898
CEDRIC WOULDFOLK	DIRECTOR	1.00	Director	$0	$487	$10,761
STEVE BAUER	DIRECTOR	1.00	Director	$0	$577	$72,468
JASON HIGGINS	DIRECTOR	1.00	Director	$0	$487	$10,509
HEATHER BROWN	DIRECTOR	1.00	Director	$0	$440	$45,145
ED LAUER	DIRECTOR	1.00	Director	$0	$577	$67,935
CLEVELAND JOHNSON	DIRECTOR	1.00	Director	$0	$851	$143,162
JACKIE DORROUGH	DIRECTOR	1.00	Director	$0	$492	$43,433
NATHAN FRENCH	DIRECTOR	1.00	Director	$0	$496	$10,343

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	$9,724	$118,295	$1,109,555	$-108,571
2024	$13,401	$98,634	$1,129,126	$-85,233
2023	$13,957	$89,814	$1,154,359	$-75,857
2022	$32,455	$85,482	$987,216	$-53,027
2021	$34,583	$82,676	$1,009,533	$-48,093

LOCAL 21 IBEW BUILDING CORPORATION