INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1253 LOCAL

EIN: 010226195

NEWPORT, ME

Total Revenue
$1,237,871
Total Expenses
$724,549
Total Assets
$2,052,080
Net Assets
$2,045,395
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
ME
Principal Officer
NICK PAQUET
Phone
2074531301
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1253 LOCAL is a tax-exempt nonprofit with EIN 010226195, based in NEWPORT, ME. Founded in 1946, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,237,871 in total revenue and $724,549 in total expenses, with net assets of $2,045,395.

Mission

TO CARRY OUT THE BETTERMENT OF CONDITIONS FOR WORKERS, THE IMPROVEMENT OF THE GRADE OF THEIR PRODUCTS AND THE DEVELOPMENT OF A HIGH DEGREE OF EFFICIENCY IN THEIR RESPECTIVE OCCUPATIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,156,735
Investment Income $70,345
Other Revenue $10,791
TOTAL REVENUE $1,237,871

Expense Breakdown

Grants Paid $17,275
Salaries & Benefits $373,544
Fundraising Expenses $0
Other Expenses $333,730
TOTAL EXPENSES $724,549

Year-over-Year Comparison

2024 2023 Change
Revenue $1,237,871 $910,266 +0.4%
Expenses $724,549 $583,762 +0.2%
Net Income $513,322 $326,504 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
8
Independent Members
N/A
Employees
3
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
5
$134,174
Total Directors
8
$136,292
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS PAQUET PRESIDENT/BUSINESS MANAGER 40.00
Officer Director
$99,484 $29,090 $128,574
GARY NICHOLS VICE PRESIDENT 1.00
Officer Director
$3,432 $0 $3,432
SHAWN CHANDLER PRESIDENT 1.00
Officer Director
$2,168 $0 $2,168
LEE WHITAKER EXECUTIVE BOARD 1.00
Director
$2,118 $0 $2,118
DERICK PROCTOR EXECUTIVE BOARD 1.00
Director
$0 $0 $0
MICHAEL VARNEY EXECUTIVE BOARD 1.00
Director
$0 $0 $0
TOM TOBIAS TREASURER 1.00
Officer Director
$0 $0 $0
MARK HIGGINS RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
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 $1,237,871 $724,549 $2,052,080 $513,322
2024 $910,266 $583,762 $1,535,657 $326,504
2023 $847,016 $500,461 $1,206,610 $346,555
2022 $664,870 $517,553 $869,586 $147,317
2021 $581,069 $504,578 $782,688 $76,491
2020 $574,695 $552,886 $644,743 $21,809
2019 $433,445 $481,261 $613,423 $-47,816
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