ADMINISTRATIVE DISTRICT COUNCIL 1 OF ILLINOIS OF THE INTERNATIONAL UNION OF B (EIN 882986873) - 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

2022

Legal Domicile

Principal Officer

MICHAEL VOLPENTESTA

Phone

6309412300

Tax Period

2024-01-01 to 2024-12-31

ADMINISTRATIVE DISTRICT COUNCIL 1 OF ILLINOIS OF THE INTERNATIONAL UNION OF B, founded in 2022, is a small nonprofit that reported $434K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 36% operating margin.

Mission

LABOR MANAGEMENT COOPERATION COMMITTEE

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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 $383,918

Investment Income $4,358

Other Revenue $45,435

TOTAL REVENUE $433,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,336

Fundraising Expenses $0

Other Expenses $207,926

TOTAL EXPENSES $277,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,711	$329,785	+0.3%
Expenses	$277,262	$209,520	+0.3%
Net Income	$156,449	$120,265	+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

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
MICHAEL VOLPENTESTA	TRUSTEE	3.00	Director	$0	$0	$0
HECTOR ARELLANO	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL SZELAG	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL VACALA	TRUSTEE	3.00	Director	$0	$0	$0
KEVIN LARSON	TRUSTEE	3.00	Director	$0	$0	$0
BRAD GROVE	TRUSTEE	3.00	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	$433,711	$277,262	$410,724	$156,449
2023	$329,785	$209,520	$296,408	$120,265
2022	$278,066	$149,505	$146,600	$128,561

ADMINISTRATIVE DISTRICT COUNCIL 1 OF ILLINOIS OF THE INTERNATIONAL UNION OF B