Building Company of Local Union Number 611 IBEW
Nonprofit profile at a glance
- EIN
- 237001482
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5053430611
- Rating
- 30
- Verdict
- REVIEW
- Rating confidence
- Limited
Reported finances
- Revenue
- $103,455
- Expenses
- $0
- Assets
- $2,098,234
- Liabilities
- $18,010
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Alfonso Martinez Jr (Vice President)
- Patrick Cota Jr (President)
Highest reported compensation
- Alfonso Martinez Jr (Vice President): $139,450 total reported compensation
- Patrick Cota Jr (President): $114,922 total reported compensation
- Jerome Garcia (Treasurer): $114,921 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Corporation was formed to collect rent from Local Union 611 in Albuquerque, NM and maintain the building.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 14
- Sustainability: 5
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: -1% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 0 of 7 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $139K · 7 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 6 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.