INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 8 (EIN 940454170) - 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

1901

Legal Domicile

Principal Officer

MATT RUSSO

Phone

4152852900

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 8, founded in 1901, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 10% surplus.

Mission

TO ACHIEVE IMPROVEMENTS IN THE SOCIAL AND ECONOMIC CONDITIONS OF ELEVATOR CONSTRUCTION WORKERS.

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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 $5,134,356

Program Service Revenue $527,120

Investment Income $880,355

Other Revenue $-52,826

TOTAL REVENUE $6,489,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,580,589

Fundraising Expenses $0

Other Expenses $3,214,424

TOTAL EXPENSES $5,863,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,489,005	$6,798,638	0.0%
Expenses	$5,863,238	$5,500,457	+0.1%
Net Income	$625,767	$1,298,181	-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

$1,609,176

Total Directors

$1,652,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E LEONARD III	PRESIDENT	3.00	Officer Director	$11,629	$3,018	$14,647
MATTHEW DORAN	SECRETARY/TREASURER	2.00	Officer Director	$7,753	$2,012	$9,765
AUDIE ANDREWS	TRUSTEE	1.00	Director	$2,302	$0	$2,302
GREGORY HARDEMAN	BUSINESS REPRESENTATIVE	52.00	Officer Director	$220,313	$88,702	$309,015
AMELIA KAYES	BOARD MEMBER	2.00	Director	$7,380	$1,006	$8,386
MATT RUSSO	BUSINESS MANAGER	52.00	Officer Director	$247,139	$81,310	$328,449
RYAN LANGE	BUSINESS REPRESENTATIVE	52.00	Officer Director	$218,375	$88,702	$307,077
ROBERT FRYE	BOARD MEMBER	1.00	Director	$3,634	$0	$3,634
WILLIAM CHISHOLM	BUSINESS REPRESENTATIVE	52.00	Officer Director	$218,375	$88,702	$307,077
NICHOLAS MOORE	ORGANIZER (RESIGNED 03/2025)	52.00	Officer Director	$218,375	$88,702	$307,077
MARKUS ALVAREZ	BOARD MEMBER/ORGANIZER (APPTD 03/25)	1.00	Officer Director	$9,770	$943	$10,713
MICHAEL MILLARD	VICE PRESIDENT	2.50	Officer Director	$9,691	$2,515	$12,206
JARED LEONARD	BOARD MEMBER	1.00	Director	$3,634	$0	$3,634
PETER TANZILLO	TRUSTEE	1.00	Director	$4,119	$0	$4,119
ANGELA JOHNSON	WARDEN (RESIGNED 03/2025)	1.00	Officer Director	$3,150	$0	$3,150
NICHOLAS HESS	BOARD MEMBER	1.00	Director	$4,473	$0	$4,473
JOEL ROBERTS	TRUSTEE	1.00	Director	$4,119	$0	$4,119
HARRO CLIFTON	BOARD MEMBER	1.00	Director	$3,634	$0	$3,634
FRANKIE FORD	BOARD MEMBER	1.00	Director	$1,817	$0	$1,817
DARRYL RICE	BOARD MEMBER (APPOINTED 06/2024	1.00	Director	$1,817	$0	$1,817
JOSEPH SHADE	TRUSTEE (ELECTED 07/2024)	1.00	Director	$1,817	$0	$1,817
KOA SIBLEY	WARDEN (APPOINTED 03/2025)	1.00	Officer Director	$0	$0	$0
JAMES E LEONARD IV	BOARD MEMBER	1.00	Director	$3,634	$0	$3,634

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	$6,489,005	$5,863,238	$17,620,597	$625,767
2024	$6,798,638	$5,500,457	$16,455,984	$1,298,181
2023	$5,622,800	$5,029,568	$15,342,625	$593,232
2022	$5,754,878	$4,728,881	$14,218,210	$1,025,997
2021	$6,003,255	$4,653,663	$14,452,212	$1,349,592
2020	$5,402,188	$4,344,995	$12,557,597	$1,057,193
2019	$4,871,884	$3,968,568	$11,106,033	$903,316

INTERNATIONAL UNION OF ELEVATOR CONSTRUCTORS LOCAL 8