INTERNATIONAL UNION OF ELEVATOR CO… - 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

1908

Legal Domicile

Principal Officer

ROBERT LARZALERE

Phone

5032525852

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 23, founded in 1908, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 9% surplus.

Mission

REPRESENT UNION MEMBERS, PROMOTE THE WELFARE OF UNION MEMBERS, SERVE AS THEIR COLLECTIVE BARGAINING AGENCY, AND SETTLE DISPUTES BETWEEN MEMBERS AND THEIR EMPLOYERS.

Program Service Accomplishments

Program 1

REPRESENTED UNION MEMBERS, PROMOTED THE WELFARE OF UNION MEMBERS, SERVED AS THEIR COLLECTIVE BARGAINING AGENCY, AND SETTLED DISPUTES BETWEEN MEMBERS AND THEIR EMPLOYERS.

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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 $19,229

Program Service Revenue $928,795

Investment Income $20,906

Other Revenue $141,806

TOTAL REVENUE $1,110,736

Expense Breakdown

Grants Paid $1,770

Salaries & Benefits $419,764

Fundraising Expenses $0

Other Expenses $558,101

TOTAL EXPENSES $1,006,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,110,736	$1,053,684	+0.1%
Expenses	$1,006,095	$985,317	+0.0%
Net Income	$104,641	$68,367	+0.5%

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

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

$214,009

Total Directors

$214,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LARZALERE	BUSINESS Mngr/correspondent	45.0	Officer Director	$176,607	$33,629	$210,236
RUSS VOLLENDORF	TREASURER	1.5	Officer Director	$1,688	$261	$1,949
RANDY POINDEXTER	RECORDING SECRETARY	1.0	Officer Director	$1,563	$261	$1,824
SHAUN CAIN	EXECUTIVE BOARD	1.0	Director	$141	$261	$402
EMMANUEL GUZMAN	VICE PRESIDENT	1.5	Officer Director	$0	$0	$0
AARON MANLOVE	PRESIDENT	1.0	Officer Director	$0	$0	$0
JEREMY CARLSTON	EXECUTIVE BOARD	1.0	Director	$0	$0	$0
RICH DODGE	BOARD TRUSTEE	1.0	Director	$0	$0	$0
BEN KING	BOARD TRUSTEE	1.0	Director	$0	$0	$0
Dillon Farrow	EXECUTIVE BOARD	1.0	Director	$0	$0	$0
MIKE KUBENA	EXECUTIVE BOARD	1.0	Director	$0	$0	$0
MITCHELL WHITE	WARDEN	1.0	Director	$0	$0	$0
TIM GOULD	EXECUTIVE BOARD EFF. 01/24	1.0	Director	$0	$0	$0
MICHAEL DUVERNAY	EXECUTIVE BOARD EFF.01/24	1.0	Director	$0	$0	$0
Vinny Gambardella	executive board EFF. 01/24	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	$1,110,736	$1,006,095	$2,580,085	$104,641
2023	$1,053,684	$985,317	$2,390,944	$68,367
2022	$906,655	$949,347	$2,348,700	$-42,692
2021	$839,241	$850,582	$1,150,363	$-11,341
2020	$827,159	$790,666	$1,134,905	$36,493
2019	$790,947	$754,104	$996,537	$36,843
2018	$739,685	$679,455	$957,295	$60,230

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 23