INTERNATIONAL BROTHERHOOD OF ELECT… - Form 990 Financial Data

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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

1891

Legal Domicile

Principal Officer

KEVIN MONAHAN

Phone

6174365150

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 103, founded in 1891, is a mid-sized nonprofit that reported $24.1M in total revenue in fiscal year 2024. The organization ran a surplus of $6.1M, a strong 25% operating margin.

Mission

ALLOWS THE ORGANIZATION TO NEGOTIATE CONTRACTS, ARBITRATE CASES AND CONDUCT ALL OTHER NECESSARY ACTIVITES TO ENSURE PROPER WORKING CONDITIONS AND ECONOMIC ADVANTAGES FOR THE MEMBERSHIP AND TO CARRY ON ORGANIZING ACTIVITIES TO ATTRACT NEW MEMBERS. AND TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS ACCORDING TO THE IBEW CONSTITUTION AND THE LOCAL'S BYLAWS.

Program Service Accomplishments

Program 1

TO ORGANIZE ALL WORKERS AND SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVELY BARGAINING FOR UNION MEMBERS.

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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 $22,936,950

Investment Income $1,154,065

Other Revenue $0

TOTAL REVENUE $24,091,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,367,389

Fundraising Expenses $0

Other Expenses $9,461,740

TOTAL EXPENSES $18,018,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,091,015	$22,738,916	+0.1%
Expenses	$18,018,671	$15,272,988	+0.2%
Net Income	$6,072,344	$7,465,928	-0.2%

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

217

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

$1,216,433

Total Directors

$2,659,300

Key Employees

$480,662

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS ANTONELLIS	BUSINESS MANAGER	65.00	Officer Director	$262,692	$77,792	$340,484
KEVIN MONAHAN	TREASURER	50.00	Officer Director	$209,023	$71,257	$280,280
ROBERT SHEEHAN	PRESIDENT	50.00	Officer Director	$207,778	$71,257	$279,035
JAMES FLEMING	RECORDING SECRETARY	50.00	Officer Director	$207,032	$71,257	$278,289
PHIL DECOLA	VICE PRESIDENT	50.00	Director	$18,891	$7,492	$26,383
MICHAEL DONAHUE	EXECUTIVE BOARD	50.00	Director	$17,032	$8,589	$25,621
KEITH STERN	BUSINESS AGENT	3.00	Director	$200,411	$71,257	$271,668
FRANK AIKENS	BUSINESS AGENT	3.00	Director	$201,058	$71,257	$272,315
JAMES FRASIER	BUSINESS AGENT	3.00	Director	$201,058	$71,257	$272,315
BRIAN SHARPE	EXECUTIVE BOARD	3.00	Officer Director	$14,473	$6,298	$20,771
RENEELEONA DOZIER	BUSINESS AGENT	2.00	Director	$201,058	$71,257	$272,315
BERNARD SHARPE	BUSINESS AGENT	3.00	Director	$201,058	$71,257	$272,315
BRIAN O'CONNOR	EXECUTIVE BOARD	1.00	Director	$31,617	$15,892	$47,509
JEFF SHEEHAN	EXECUTIVE BOARD	3.00	Officer	$12,605	$4,969	$17,574
BOB BONANNO	FACILITIES MANAGER	50.00	Key Emp	$184,290	$71,257	$255,547
SHANG YANG	CONTROLLER	40.00	Key Emp	$157,787	$67,328	$225,115
GARY WALKER	BUSINESS AGENT	50.00	Highest	$201,058	$71,257	$272,315
RAYMOND VINTON	BUSINESS AGENT	50.00	Highest	$201,058	$71,257	$272,315
RICH ANTONELLIS	BUSINESS AGENT	50.00	Highest	$201,058	$71,257	$272,315
DAVID O'LAUGHLIN	BUSINESS AGENT	50.00	Highest	$201,058	$71,257	$272,315
TIM LONG	BUSINESS AGENT	50.00	Highest	$201,058	$71,257	$272,315
LISA THERIAULT	BUSINESS DEVELOPMENT	40.00	Highest	$201,058	$71,257	$272,315
MICHELLE LAMATTINA	BUSINESS AGENT	40.00	Highest	$126,063	$58,212	$184,275
ELLEN HOEY	BUSINESS AGENT	40.00	Highest	$106,133	$57,694	$163,827
MICHELLE PIERCE	BUSINESS AGENT	40.00	Highest	$149,094	$58,777	$207,871
JOSUE PIERRE	BUSINESS DEVELOPMENT	40.00	Highest	$127,346	$57,932	$185,278

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
2024	$24,091,015	$18,018,671	$32,755,601	$6,072,344
2023	$22,738,916	$15,272,988	$27,394,696	$7,465,928
2022	$20,729,724	$15,236,148	$23,398,003	$5,493,576
2021	$18,660,825	$16,713,864	$20,226,169	$1,946,961
2020	$13,148,733	$13,452,062	$16,283,084	$-303,329
2019	$14,218,398	$15,525,280	$15,180,276	$-1,306,882
2018	$13,319,502	$11,736,697	$15,609,854	$1,582,805

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 103