INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 567 (EIN 010095705) - 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

1915

Legal Domicile

Principal Officer

MICHAEL HASKELL

Phone

2077869770

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 567, founded in 1915, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $294K, a strong 27% operating margin.

Mission

PROMOTE WELFARE OF UNION MEMBERS

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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 $0

Program Service Revenue $1,052,654

Investment Income $40,613

Other Revenue $0

TOTAL REVENUE $1,093,267

Expense Breakdown

Grants Paid $1,911

Salaries & Benefits $413,275

Fundraising Expenses $0

Other Expenses $384,386

TOTAL EXPENSES $799,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,093,267	$1,351,375	-0.2%
Expenses	$799,572	$700,745	+0.1%
Net Income	$293,695	$650,630	-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

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

Total Directors

$169,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS LEHOUILLIER	BUSINESS MANAGER	40.00	Director	$105,933	$55,762	$161,695
JUSTIN WALSH	PRESIDENT	1.00	Director	$1,200	$0	$1,200
ALAN SHEPARD	TREASURER	1.00	Director	$1,200	$0	$1,200
GREGORY GLEDHILL	RECORDING SECRETARY	1.00	Director	$1,200	$0	$1,200
ANDREW BREAU	EXECUTIVE BOARD	1.00	Director	$2,375	$0	$2,375
DOMINIC DEGIFICO	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JEFF DUNN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MICHAEL ROY	EXECUTIVE BOARD	1.00	Director	$1,450	$0	$1,450

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
2024	$1,093,267	$799,572	$2,110,148	$293,695
2023	$1,351,375	$700,745	$1,828,512	$650,630
2022	$1,046,341	$669,885	$1,186,246	$376,456
2021	$971,476	$691,004	$793,011	$280,472
2020	$776,176	$609,451	$512,217	$166,725
2019	$601,596	$578,388	$340,441	$23,208
2018	$594,162	$517,728	$318,225	$76,434

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 567