IBEW LOCAL 300 (EIN 030102265) - 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

1934

Legal Domicile

Principal Officer

JEFFREY WIMETTE

Phone

8028645864

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL 300, founded in 1934, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 11% surplus.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH NEGOTIATING, COLLECTIVE BARGAINING, AND OTHER LABOR UNION ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,216,025

Investment Income $5,923

Other Revenue $1,578

TOTAL REVENUE $1,223,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $606,189

Fundraising Expenses $0

Other Expenses $479,315

TOTAL EXPENSES $1,085,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,223,526	$1,071,495	+0.1%
Expenses	$1,085,504	$1,022,092	+0.1%
Net Income	$138,022	$49,403	+1.8%

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

$450,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY LABOMBARD	PRESIDENT	40.00	Officer	$100,964	$34,777	$135,741
CARL LABERGE	VICE PRESIDENT	2.00	Officer	$2,172	$0	$2,172
MAUREEN BOTHFELD	RECORDING SECRETARY	2.00	Officer	$3,620	$0	$3,620
MARCEL COTE	TREASURER	2.00	Officer	$3,620	$0	$3,620
LOUIS LACROIX II	EXECUTIVE COMMITTEE UNIT 3	2.00	Officer	$0	$0	$0
MATHEW ASH	EXECUTIVE COMMITTEE UNIT 3	2.00	Officer	$0	$0	$0
JEFFREY BECHER	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
BRIAN RITZ	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
PETER BAKER	UNIT 3 CHAIR	2.00	Officer	$2,172	$0	$2,172
RYAN MAGUIRE	EXECUTIVE BOARD	2.00	Officer	$1,329	$0	$1,329
JEFFREY WIMETTE	BUSINESS MANAGER/FINANCIAL	40.00	Officer	$151,530	$39,157	$190,687
MIKE PONCE	UNIT 1 RECORDER	2.00	Officer	$80,118	$31,136	$111,254

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	No data	No data	No data	No data
2024	$1,223,526	$1,085,504	$865,701	$138,022
2023	$1,071,495	$1,022,092	$727,679	$49,403
2022	$945,593	$977,274	$678,276	$-31,681
2021	$885,299	$926,260	$710,855	$-40,961
2020	$939,431	$912,925	$750,988	$26,506
2019	$872,970	$803,053	$724,516	$69,917

IBEW LOCAL 300