INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL UNION 490 - GENERAL FUND

EIN: 026015128

CONCORD, NH

Total Revenue
$814,406
Total Expenses
$737,355
Total Assets
$1,050,036
Net Assets
$1,050,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NH
Principal Officer
ERIC BATCHELOR
Phone
6032244239
Tax Period
2024-05-01 to 2025-04-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL UNION 490 - GENERAL FUND, founded in 1961, is a small nonprofit that reported $814K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $737K left a modest 9% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND PROTECT THE INTEREST OF THE MEMBERS WHILE HELPING TO ELEVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS OF THE UNION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $731,783
Investment Income $79,858
Other Revenue $2,765
TOTAL REVENUE $814,406

Expense Breakdown

Grants Paid $5,340
Salaries & Benefits $451,367
Fundraising Expenses $0
Other Expenses $265,560
TOTAL EXPENSES $737,355

Year-over-Year Comparison

2024 2023 Change
Revenue $814,406 $886,267 -0.1%
Expenses $737,355 $797,148 -0.1%
Net Income $77,051 $89,119 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
7
Employees
7
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
4
$139,548
Total Directors
12
$140,781
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC BATCHELOR BUSINESS MANAGER 40.00
Officer Director
$96,002 $37,612 $133,614
JOSHUA WARMOTH PRESIDENT 1.00
Officer Director
$4,701 $0 $4,701
JAMES W LUKEMAN TREASURER 1.00
Officer Director
$1,233 $0 $1,233
MARK HAYWOOD RECORDING SECRETARY 1.00
Director
$1,233 $0 $1,233
TOM MOONEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RON GAGNON EXECUTIVE BOARD 1.00
Director
$0 $0 $0
DREW ROBERTS EXECUTIVE BOARD 1.00
Director
$0 $0 $0
KIM RODRIGUEZ EXECUTIVE BOARD (P) 1.00
Director
$0 $0 $0
DAN RUCKUS EXECUTIVE BOARD 1.00
Director
$0 $0 $0
NICHOLAS SINOTTE EXECUTIVE BOARD 1.00
Director
$0 $0 $0
PAUL STEVENS EXECUTIVE BOARD 1.00
Director
$0 $0 $0
MARK WILSON EXECUTIVE BOARD 1.00
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 $814,406 $737,355 $1,050,036 $77,051
2024 $886,267 $797,148 $989,304 $89,119
2023 $845,466 $747,712 $866,947 $97,754
2022 $846,373 $720,958 $792,504 $125,415
2021 $881,772 $678,614 $724,324 $203,158
2020 $766,559 $774,032 $710,423 $-7,473
2019 $648,323 $703,309 $734,565 $-54,986
2018 $614,202 $645,166 $779,370 $-30,964
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