INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 223

EIN: 041472089

Tauton, MA

Total Revenue
$1,870,940
Total Expenses
$1,501,743
Total Assets
$3,727,010
Net Assets
$3,727,010
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
MA
Principal Officer
Steven M Barry
Phone
5088802690
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 223, founded in 1902, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 20% operating margin.

Mission

Promote welfare of members, primarily inside construction electricians employed in south eastern Massachusetts

Program Service Accomplishments

Program 1

Protect and advance the working conditions of the union members and maintain friendly relations with employers

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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 $1,833,298
Program Service Revenue $0
Investment Income $6,855
Other Revenue $30,787
TOTAL REVENUE $1,870,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $616,665
Fundraising Expenses $0
Other Expenses $885,078
TOTAL EXPENSES $1,501,743

Year-over-Year Comparison

2024 2023 Change
Revenue $1,870,940 $1,513,847 +0.2%
Expenses $1,501,743 $1,082,975 +0.4%
Net Income $369,197 $430,872 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
5
Employees
10
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
6
$209,801
Total Directors
5
$250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven M Barry Business Mgr. 40.00
Officer
$113,738 $55,293 $169,031
Douglas Nelson Fmr. Business Mgr. 40.00
$90,019 $55,293 $145,312
Jeffrey Plaisted Business Agt. 40.00
Officer
$39,520 $0 $39,520
Thorn McKeown Treasurer 5.00
Officer
$500 $0 $500
Michael Revil President 5.00
Officer
$500 $0 $500
Marco De Sousa Director 1.00
Director
$250 $0 $250
Garrett Dunham Secretary 5.00
Officer
$250 $0 $250
Kristin Wozniak Director 1.00
Director
$0 $0 $0
Tyler Revil Director 1.00
Director
$0 $0 $0
Joseph Mascio Director 1.00
Director
$0 $0 $0
Alex Thibault Director 1.00
Director
$0 $0 $0
Jock Crewe Vice President 5.00
Officer
$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
2024 $1,870,940 $1,501,743 $3,727,010 $369,197
2023 $1,513,847 $1,082,975 $3,357,813 $430,872
2022 $1,030,512 $1,039,546 $2,926,941 $-9,034
2021 $913,331 $873,983 $2,935,975 $39,348
2020 $746,216 $855,028 $2,896,776 $-108,812
2019 $942,030 $979,585 $2,833,425 $-37,555
2018 $1,074,435 $791,484 $2,867,482 $282,951
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