Elevator Constructors Local 9 Building Corporation Incorporated

Elevator Constructors Local 9 Building Corporation maintains strong financial health with growing assets and no liabilities.

EIN: 201307053 · Little Canada, MN · NTEE: S47 · Updated: 2026-03-28

$180KRevenue

$1.0MAssets

95/100Mission Score (Excellent)

S47

About Elevator Constructors Local 9 Building Corporation Incorporated

Elevator Constructors Local 9 Building Corporation Incorporated (EIN: 201307053) is a nonprofit organization based in Little Canada, MN, classified under NTEE code S47. The organization reported total revenue of $180K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elevator Constructors Local 9 Building Corporation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Elevator Constructors Local 9 Building Corporation Incorporated demonstrates consistent financial stability and a strong program focus. Over the past several years, the organization has consistently generated more revenue than expenses, leading to a steady increase in assets, reaching $1,033,089 in the latest period. For instance, in 2023, revenue was $168,362 against expenses of $120,793, resulting in a surplus. The organization also reports zero liabilities in its most recent filings (2022 and 2023), indicating excellent financial health and minimal debt burden. This consistent surplus generation and asset growth, coupled with no reported officer compensation, suggests efficient management and a clear dedication of resources to its mission, which aligns with its NTEE code S47 (Labor Unions and Auxiliaries).

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Elevator Constructors Local 9 Building Corporation Incorporated with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Elevator Constructors Local 9 Building Corporation Incorporated allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly unusual for an organization of its asset size ($1,033,089).

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Elevator Constructors Local 9 Building Corporation Incorporated's IRS 990 filings:

Lack of detailed program descriptions in summary data
Unusually low expense ratio relative to revenue, potentially indicating significant cash reserves not actively deployed

Strengths

The following positive indicators were identified for Elevator Constructors Local 9 Building Corporation Incorporated:

Consistent revenue exceeding expenses
Zero reported liabilities in recent years (2022, 2023)
Steady growth in assets, reaching over $1 million
0% officer compensation reported across all filings
Strong financial stability and solvency

Frequently Asked Questions about Elevator Constructors Local 9 Building Corporation Incorporated

What are the specific programs or activities funded by Elevator Constructors Local 9 Building Corporation?

Based on the NTEE code S47 (Labor Unions and Auxiliaries) and the financial data, the organization likely focuses on supporting the local union's operations, potentially through maintaining facilities or providing services to its members. The filings do not provide detailed program descriptions.

How does the organization manage to operate without any reported officer compensation?

The consistent reporting of 0% officer compensation suggests that executive functions are either performed by volunteers, compensated through other means not reported as officer compensation on the 990, or are handled by staff whose roles are not classified as officers for compensation reporting purposes.

What is the source of the organization's revenue?

While the filings show consistent revenue generation (e.g., $168,362 in 2023), the specific sources are not detailed in the provided summary. Given its nature as a building corporation for a labor union, revenue likely comes from member dues, rental income, or investments.

Filing History

IRS 990 filing history for Elevator Constructors Local 9 Building Corporation Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Elevator Constructors Local 9 Building Corporation Incorporated's revenue has grown by 123.9%, moving from $75K to $168K. Total assets increased by 18.9% over the same period, from $818K to $972K. Total functional expenses rose by 87.2%, from $65K to $121K. In its most recent filing year (2023), Elevator Constructors Local 9 Building Corporation Incorporated reported a surplus of $48K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$168K	$121K	$972K	$0	—	—
2022	$158K	$109K	$925K	$0	—	View 990
2021	$147K	$100K	$944K	$67K	—	View 990
2020	$139K	$99K	$922K	$92K	—	View 990
2019	$124K	$136K	$907K	$118K	—	View 990
2018	$136K	$129K	$942K	$141K	—	View 990
2017	$116K	$93K	$957K	$162K	—	View 990
2016	$147K	$75K	$954K	$182K	—	View 990
2015	$127K	$72K	$902K	$202K	—	View 990
2014	$127K	$71K	$866K	$220K	—	View 990
2013	$97K	$91K	$824K	$237K	—	View 990
2012	$70K	$67K	$815K	$254K	—	View 990
2011	$75K	$65K	$818K	$268K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $168K, expenses of $121K, and assets of $972K (revenue +6.7% year-over-year).
2022: Revenue of $158K, expenses of $109K, and assets of $925K (revenue +7.6% year-over-year).
2021: Revenue of $147K, expenses of $100K, and assets of $944K (revenue +5.5% year-over-year).
2020: Revenue of $139K, expenses of $99K, and assets of $922K (revenue +12.1% year-over-year).
2019: Revenue of $124K, expenses of $136K, and assets of $907K (revenue -8.7% year-over-year).
2018: Revenue of $136K, expenses of $129K, and assets of $942K (revenue +16.9% year-over-year).
2017: Revenue of $116K, expenses of $93K, and assets of $957K (revenue -20.9% year-over-year).
2016: Revenue of $147K, expenses of $75K, and assets of $954K (revenue +16.1% year-over-year).
2015: Revenue of $127K, expenses of $72K, and assets of $902K (revenue -0.7% year-over-year).
2014: Revenue of $127K, expenses of $71K, and assets of $866K (revenue +31.3% year-over-year).
2013: Revenue of $97K, expenses of $91K, and assets of $824K (revenue +38.9% year-over-year).
2012: Revenue of $70K, expenses of $67K, and assets of $815K (revenue -7.1% year-over-year).
2011: Revenue of $75K, expenses of $65K, and assets of $818K.

Data Sources and Methodology

This transparency report for Elevator Constructors Local 9 Building Corporation Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.