INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 223 (EIN 041472089) - 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

1902

Legal Domicile

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

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%)

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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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

$209,801

Total Directors

$250

Key Employees

Highest Compensated

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

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 223