IBEW BUILDING INC

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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

1949

Legal Domicile

Principal Officer

SCOTT WEIN

Phone

6505744239

Tax Period

2023-07-01 to 2024-06-30

IBEW BUILDING INC, founded in 1949, is a small nonprofit that reported $241K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

CORPORTION OWNS AND MAINTAINS OFFICE SITE OF RELATED ENTITY I.B.E.W. LOCAL 617

Program Service Accomplishments

Program 1

CORPORATION OWNS AND MAINTAINS OFFICE SITE OF RELATED ENTITY I.B.E.W. LOCAL 617

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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 $0

Investment Income $101,587

Other Revenue $139,055

TOTAL REVENUE $240,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,642	$138,872	+0.7%
Expenses	N/A	N/A	N/A
Net Income	N/A	$138,872	N/A

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

$310,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAAGAR BAKSHI	RECORD SEC/TREASURER	1.00	Officer	$0	$0	$17,840
THOMAS GOMEZ	VICE PRESIDENT	1.00	Officer	$0	$0	$11,362
ALAN SHEEHAN	PRESIDENT	1.00	Officer	$0	$0	$21,244
PAUL BOISSIERE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$3,350
RAMA PEDERSON	EXECUTIVE BOARD	1.00	Officer	$0	$0	$11,608
JEREMY RICE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$4,090
SCOTT WEIN	BUSINESS MANAGER	1.00	Officer	$0	$0	$236,912
MAXWELL SCHAUMKEL	EXECUTIVE BOARD	1.00	Officer	$0	$0	$4,090

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	No data	No data	No data	No data
2024	$240,642	No data	$6,443,901	No data
2023	$138,872	No data	$6,168,071	No data
2022	$147,520	No data	$6,129,614	No data
2021	$147,677	No data	$6,138,720	No data
2020	$250,606	No data	$5,946,114	No data
2019	$218,031	No data	$5,960,646	No data