INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2320 (EIN 020280098) - 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

1972

Legal Domicile

Principal Officer

JIM GOLDEN

Phone

6036698657

Tax Period

2024-05-01 to 2025-04-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2320, founded in 1972, is a small nonprofit that reported $834K in total revenue in fiscal year 2024.

Mission

ENFORCEMENT OF COLLECTIVE BARGAINING AGREEMENT ON BEHALF OF IBEW LOCAL UNION 2320 MEMBERS, UNION REPRESENTATION, AND ADMINISTRATION

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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 $820,255

Investment Income $8,629

Other Revenue $5,357

TOTAL REVENUE $834,241

Expense Breakdown

Grants Paid $10,380

Salaries & Benefits $532,866

Fundraising Expenses $0

Other Expenses $364,423

TOTAL EXPENSES $908,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,241	$855,215	0.0%
Expenses	$908,669	$855,822	+0.1%
Net Income	$-74,428	$-607	+121.6%

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

$213,144

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY MCCARTHY	VICE PRESIDENT (P)	4.00	Officer	$0	$0	$0
ADAM FREDRICKSON	TREASURER	5.00	Officer	$8,454	$0	$8,454
JESSICA FORD	RECORDING SECETARY	4.00	Officer	$5,805	$0	$5,805
PETE GIROUARD	EXECUTIVE BOARD MEMBER (P)	4.00	Officer	$1,860	$0	$1,860
JAMES GOLDEN	BUSINESS MANAGER	40.00	Officer	$148,967	$9,376	$158,343
MICHAEL ST PETER	EXECUTIVE BOARD MEMBER (P)	4.00	Officer	$533	$0	$533
RONALD BOWDEN	EXECUTIVE BOARD MEMBER (P)	4.00	Officer	$760	$0	$760
CLIFTON MATHIEU	VICE PRESIDENT	4.00	Officer	$4,410	$0	$4,410
CHRISTOPHER MORNEAU	FINANCIAL SEC. (P)	4.00	Officer	$5,109	$0	$5,109
RICHARD ZAHN	EXECUTIVE BOARD MEMBER (P)	4.00	Officer	$1,268	$0	$1,268
CARA DELAHANTY	PRESIDENT	20.00	Officer	$11,936	$0	$11,936
MATTHEW ACHORN	EXECUTIVE BOARD MEMBER (P)	4.00	Officer	$946	$0	$946
CHARLES CAREY	EXECUTIVE BOARD MEMBER	4.00	Officer	$255	$0	$255
JOHN O'BRIEN	EXECUTIVE BOARD MEMBER	4.00	Officer	$1,570	$0	$1,570
MICHAEL LALLY	EXECUTIVE BOARD MEMBER	4.00	Officer	$1,804	$0	$1,804
SCOTT KURZWEIL	EXECUTIVE BOARD MEMBER	4.00	Officer	$1,536	$0	$1,536
JEFFERY KRUGER	EXECUTIVE BOARD MEMBER	4.00	Officer	$1,032	$0	$1,032
CASEY TITUS	FINANCIAL SEC.	4.00	Officer	$7,523	$0	$7,523
CASSANDRA XINTARAS	ASST BUS MANAGER	40.00	Highest	$138,962	$8,751	$147,713

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	$834,241	$908,669	$740,579	$-74,428
2024	$855,215	$855,822	$815,214	$-607
2023	$887,035	$803,431	$815,821	$83,604
2022	$902,787	$764,998	$736,136	$137,789
2021	$959,287	$861,938	$621,467	$97,349
2020	$1,095,517	$1,135,957	$512,928	$-40,440
2019	$1,014,655	$1,163,885	$537,424	$-149,230

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2320