INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 2325

EIN: 042474233

WORCESTER, MA

Total Revenue
$846,771
Total Expenses
$820,818
Total Assets
$1,103,931
Net Assets
$1,103,616
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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
MA
Principal Officer
JAMES GNIADEK
Phone
5088532325
Tax Period
2024-05-01 to 2025-04-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 2325, founded in 1971, is a small nonprofit that reported $847K in total revenue in fiscal year 2024. Expenses of $821K left a modest 3% surplus.

Mission

TO PROVIDE ITS MEMBERS WITH SUPPORT AND INFORMATION ON LABOR UNION LAW AND NEGOTIATIONS.

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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 $0
Program Service Revenue $830,254
Investment Income $8,910
Other Revenue $7,607
TOTAL REVENUE $846,771

Expense Breakdown

Grants Paid $19,796
Salaries & Benefits $486,550
Fundraising Expenses $0
Other Expenses $313,741
TOTAL EXPENSES $820,818

Year-over-Year Comparison

2024 2023 Change
Revenue $846,771 $852,625 0.0%
Expenses $820,818 $796,431 +0.0%
Net Income $25,953 $56,194 -0.5%
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
8
Independent Members
N/A
Employees
25
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
2
$4,535
Total Directors
11
$352,502
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES GNIADEK BUSINESS MANAGER/FIN SEC 40.00
Director
$153,771 $7,853 $161,624
KEITH HERRICK EXECUTIVE BOARD 1.00
Officer Director
$662 $0 $662
ANDREW JENSEN TREASURER 5.00
Director
$4,662 $0 $4,662
DAWN NELLIGAN-ROSA RECORDING SECRETARY 5.00
Officer Director
$3,873 $0 $3,873
JOSEPH ZAHN JR VICE PRESIDENT 40.00
Director
$143,233 $7,329 $150,562
EDWARD GIANCATERINO EXECUTIVE BOARD 5.00
Director
$3,583 $0 $3,583
KEITH PHILBROOK EXECUTIVE BOARD 5.00
Director
$4,238 $0 $4,238
THOMAS VARANO EXECUTIVE BOARD (P) 1.00
Director
$0 $0 $0
JEREMIAH POIRIER PRESIDENT 10.00
Director
$16,055 $0 $16,055
JOHN MCGONAGLE EXECUTIVE BOARD 5.00
Director
$4,068 $0 $4,068
REBECCA RYAN EXECUTIVE BOARD 5.00
Director
$3,175 $0 $3,175
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 $846,771 $820,818 $1,103,931 $25,953
2024 $852,625 $796,431 $1,077,949 $56,194
2023 $804,452 $809,697 $1,026,371 $-5,245
2022 $807,615 $704,162 $1,031,616 $103,453
2021 $845,580 $685,641 $928,163 $159,939
2020 $842,890 $721,280 $768,224 $121,610
2019 $647,170 $699,409 $646,614 $-52,239
2018 $643,107 $649,941 $698,853 $-6,834
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