INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1253 LOCAL (EIN 010226195) - 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

1946

Legal Domicile

Principal Officer

NICK PAQUET

Phone

2074531301

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1253 LOCAL, founded in 1946, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $513K, a strong 41% operating margin.

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

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 $1,156,735

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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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

N/A

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

$134,174

Total Directors

$136,292

Key Employees

Highest Compensated

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

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1253 LOCAL