IBEW LOCAL 104 UNION (EIN 041472124) - 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

1900

Legal Domicile

Principal Officer

BRIAN T MURPHY

Phone

5086603900

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL 104 UNION, founded in 1900, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $7.1M, a strong 43% operating margin.

Mission

TO ESTABLISH AND MAINTAIN ADEQUATE WAGES FOR OUR LABOR; TO REQUIRE OF OUR MEMBERS SKILL, INTELLIGENCE AND CHARACTER; TO PROTECT OUR EMPLOYERS FROM THE UNSKILLED AND INEXPERIENCED WORKER; TO ADVANCE THE PRINCIPLES AND PRACTICES OF CONCILIATION AND ARBITRATION IN THE SETTLEMENT OF ANY DIFFERENCES WITH OUR EMPLOYERS; TO PROTECT AND AID OUR UNEMPLOYED, DISTRESSED AND SICK MEMBERS; TO DEFEND OUR RIGHTS AND ADVANCE OUR INTERESTS AS ELECTRICAL WORKERS BY ALL LAWFUL MEANS; TO AID AND ENCOURAGE ALL HONORABLE EFFORTS THAT WILL BETTER THE CONDITIONS OF LABOR; AND TO MAKE OUR CARD AND SEAL A CERTIFICATE OF FRATERNITY, HONESTY, EFFICIENCY AND RELIABILITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,133,683

Investment Income $4,116,473

Other Revenue $371,536

TOTAL REVENUE $16,621,692

Expense Breakdown

Grants Paid $164,212

Salaries & Benefits $3,507,742

Fundraising Expenses $0

Other Expenses $5,820,110

TOTAL EXPENSES $9,509,033

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,621,692	$19,530,859	-0.1%
Expenses	$9,509,033	$9,136,994	+0.0%
Net Income	$7,112,659	$10,393,865	-0.3%

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

N/A

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

$1,753,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MURPHY	BUS. MGR./ FIN. SEC.	40.00	Officer	$244,869	$81,231	$326,100
JAMES FOSTER	PRESIDENT	40.00	Officer	$225,658	$81,231	$306,889
JASON BENTLEY	REC. SEC./ASST. BUS. MGR.	40.00	Officer	$224,344	$81,231	$305,575
TIM BURGESS	EXEC. BOARD/ASST. BUS. MGR.	40.00	Officer	$222,651	$81,231	$303,882
HUGH BOYD	TREASURER/ASST. BUS. MGR.	40.00	Officer	$221,975	$81,231	$303,206
SEAN MATTHEWS	VICE PRESIDENT	5.00	Officer	$135,095	$44,340	$179,435
JOSEPH SPARGO	EXAMINING BOARD	5.00	Officer	$7,068	$0	$7,068
JOSEPH BREARE	EXECUTIVE BOARD	5.00	Officer	$6,182	$0	$6,182
PATRICK O'MALLEY	EXAMINING BOARD	5.00	Officer	$4,156	$0	$4,156
KYLE LAZARON	EXAMINING BOARD	5.00	Officer	$3,250	$0	$3,250
WILL EATON	EXECUTIVE BOARD (P)	5.00	Officer	$1,750	$0	$1,750
THOMAS RICE	EXECUTIVE BOARD (P)	5.00	Officer	$1,500	$0	$1,500
BRIAN BREARE	EXECUTIVE BOARD	5.00	Officer	$1,250	$0	$1,250
SEAN LAZARON	EXECUTIVE BOARD (P)	5.00	Officer	$1,250	$0	$1,250
DYLAN WEEMAN	EXECUTIVE BOARD	5.00	Officer	$1,250	$0	$1,250
BART JONES	EXAMINING BOARD	5.00	Officer	$750	$0	$750
MARK POTTER	EXECUTIVE BOARD (P)	5.00	Officer	$250	$0	$250
DAVID MOREAU	ORGANIZER	40.00	Highest	$212,860	$81,156	$294,016
COLLEEN EATON	OUTSIDE PR	40.00	Highest	$128,174	$66,213	$194,387
LAURIE GOWEN	OFFICE ADMINISTRATION	40.00	Highest	$128,174	$66,213	$194,387
ELISE JOYCE	OFFICE ADMINISTRATION	40.00	Highest	$128,174	$66,213	$194,387
STACY BRANN	OFFICE ADMINISTRATION	40.00	Highest	$128,174	$64,900	$193,074

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	$16,621,692	$9,509,033	$52,325,343	$7,112,659
2024	No data	No data	No data	No data
2023	$14,572,716	$7,562,830	$34,818,819	$7,009,886
2022	$9,825,746	$7,284,111	$27,808,933	$2,541,635
2021	$11,856,451	$7,326,403	$25,267,298	$4,530,048
2020	$8,781,591	$5,963,713	$20,737,250	$2,817,878
2019	$7,077,250	$6,495,527	$18,652,209	$581,723
2018	$8,334,293	$5,912,912	$19,063,352	$2,421,381

IBEW LOCAL 104 UNION