INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 2324 (EIN 042476115) - 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

1972

Legal Domicile

Principal Officer

JOHN ROWLEY

Phone

4137340863

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 2324, founded in 1972, is a small nonprofit that reported $405K in total revenue in fiscal year 2023.

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 $377,660

Investment Income $4,996

Other Revenue $21,994

TOTAL REVENUE $404,650

Expense Breakdown

Grants Paid $1,050

Salaries & Benefits $217,521

Fundraising Expenses $0

Other Expenses $184,854

TOTAL EXPENSES $403,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,650	$379,879	+0.1%
Expenses	$403,425	$338,764	+0.2%
Net Income	$1,225	$41,115	-1.0%

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

$201,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D ROWLEY SR	FINANCIAL SECRETARY/BUSINE	40.00	Officer	$166,662	$7,530	$174,192
BRIAN STANTON	PRESIDENT	0.50	Officer	$4,736	$0	$4,736
SCOTT ROGERS	TREASURER	0.50	Officer	$15,014	$0	$15,014
MATTHEW MACDONNELL	RECORDING SECRETARY	0.50	Officer	$2,092	$0	$2,092
MARK LANDRY	EXECUTIVE BOARD	0.50	Officer	$495	$0	$495
STEVE DOMURAT	EXECUTIVE BOARD	0.50	Officer	$550	$0	$550
WILL RANCOURT	EXECUTIVE BOARD	0.50	Officer	$550	$0	$550
PAUL NICOLSON	EXECUTIVE BOARD	0.50	Officer	$990	$0	$990
SCOTT LILLIE	VICE PRESIDENT	0.50	Officer	$1,611	$0	$1,611
ALAN PEPIN	EXECUTIVE BOARD	0.50	Officer	$605	$0	$605
AARON DAVENPORT	EXECUTIVE BOARD	0.50	Officer	$605	$0	$605
JOSHUA LYNCH	EXECUTIVE BOARD	0.50	Officer	$550	$0	$550

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	$404,650	$403,425	$567,874	$1,225
2022	$379,879	$338,764	$566,649	$41,115
2021	$420,113	$330,012	$525,534	$90,101
2020	$643,711	$497,070	$435,065	$146,641
2018	$439,424	$593,560	$367,942	$-154,136

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 2324