INTERNATIONAL BROTHERHOOD OF 2322 IBEW (EIN 042474232) - 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

1971

Legal Domicile

Principal Officer

ERIC HETRICK

Phone

5089472131

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF 2322 IBEW, founded in 1971, is a small nonprofit that reported $705K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $632K left a modest 10% surplus.

Mission

LABOR UNION

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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 $687,322

Investment Income $16,959

Other Revenue $833

TOTAL REVENUE $705,114

Expense Breakdown

Grants Paid $2,630

Salaries & Benefits $360,823

Fundraising Expenses $0

Other Expenses $268,065

TOTAL EXPENSES $631,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$705,114	$765,176	-0.1%
Expenses	$631,518	$635,890	0.0%
Net Income	$73,596	$129,286	-0.4%

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

$241,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KELLY	EXECUTIVE BOARD	3.00	Officer	$1,578	$0	$1,578
CHRISTOPHER CATINO	RECORDING SECRETARY	8.00	Officer	$5,456	$0	$5,456
CHRISTOPHER DESJARDINS	EXECUTIVE BOARD	3.00	Officer	$1,700	$0	$1,700
CHRISTOPHER JOLLS	PRESIDENT	8.00	Officer	$7,348	$0	$7,348
DARREN WILSON	EXECUTIVE BOARD	3.00	Officer	$1,990	$0	$1,990
ERIC HETRICK	BUSINESS MGR/FIN SEC	40.00	Officer	$170,171	$9,876	$180,047
GREG GNIADEK	EXECUTIVE BOARD	3.00	Officer	$3,791	$0	$3,791
JAMES BROGAN	VICE PRESIDENT	3.00	Officer	$1,764	$0	$1,764
ROBERT GRASSI	TREASURER	8.00	Officer	$32,599	$0	$32,599
SEAN FURZE	EXECUTIVE BOARD	3.00	Officer	$1,737	$0	$1,737
MICHAEL READER	EXECUTIVE BOARD	3.00	Officer	$1,473	$0	$1,473
ROBERT WALL	EXECUTIVE BOARD	3.00	Officer	$1,596	$0	$1,596

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	No data	No data	No data	No data
2023	$705,114	$631,518	$1,207,729	$73,596
2022	$765,176	$635,890	$1,134,133	$129,286
2021	$708,132	$567,554	$1,004,847	$140,578
2020	$721,362	$571,752	$864,269	$149,610
2019	$736,028	$561,554	$714,659	$174,474

INTERNATIONAL BROTHERHOOD OF 2322 IBEW