Elevator Industry Work Preservation Fund
Nonprofit profile at a glance
- EIN
- 522051811
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Columbia, MD, US
- Phone
- 410-312-1474
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $75,923,645
- Expenses
- $36,637,519
- Assets
- $178,492,931
- Liabilities
- $7,580,421
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Highest reported compensation
- FRANK J CHRISTENSEN (TRUSTEE): $656,050 total reported compensation
- LARRY J MCGANN (TRUSTEE): $614,761 total reported compensation
- JAMES CHAPMAN III (TRUSTEE): $605,277 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 EIWPF is a labor-management cooperative fund between the IUEC and its signatory contractors.
What it reported doing in 2024
The fund administers a labor-management cooperation committee. The exempt purpose of this fund is to improve labor-management relations, economic development, and other communications between labor and management.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 40
- Transparency & Controls: 60
- Accountability: 23
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.8%; rating input score 32
- Program expense ratio: 66%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 51.7%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 4.87; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 17.9%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 13.4% per year; rating input score 100; 82nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 31.8% of revenue deployed · 66% of spending went to programs
- Governance: 0 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $24.2M in reported program spending
- Leadership: top reported pay $656K · 22 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $2.6M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.