INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 486 (EIN 042536327) - 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

1974

Legal Domicile

Principal Officer

DANIEL GRENIER

Phone

5087526350

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 486, founded in 1974, is a small nonprofit that reported $514K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $444K left a modest 14% surplus.

Mission

SUPPORT OF LABOR UNION ACTIVITIES INCLUDING CONTACTS, BENEFITS, ETC.

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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 $0

Program Service Revenue $513,543

Investment Income $600

Other Revenue $0

TOTAL REVENUE $514,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,796

Fundraising Expenses $0

Other Expenses $190,855

TOTAL EXPENSES $443,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,143	$458,281	+0.1%
Expenses	$443,651	$421,652	+0.1%
Net Income	$70,492	$36,629	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELTON BONNEVILLE	EXECUTIVE BO	N/A	Officer	$0	$0	$0
RYAN FARRELL	EXEC BOARD R	N/A	Officer	$0	$0	$0
NEIL J FITMAN	EXEC.BOARD R	N/A	Officer	$0	$0	$0
SCOTT FULLAM	EXECUTIVE BO	N/A	Officer	$0	$0	$0
KEVIN GEORGE	EXECUTIVE BO	N/A	Officer	$0	$0	$0
DANIEL GRENIER	TREASURER	N/A	Officer	$0	$0	$0
EDWARD MORLEY	PRESIDENT	N/A	Officer	$0	$0	$0
NICHOLAS MULHANE	VICE PRESIDE	N/A	Officer	$0	$0	$0
COLBY R PERRAULT	REC. SECRETA	N/A	Officer	$0	$0	$0
TODD SIKORSKI	EXEC BOARD R	N/A	Officer	$0	$0	$0
PATRICK SMITH	EXEC BOARD R	N/A	Officer	$0	$0	$0
ADAM CIMONETTI	EXEC BOARD R	N/A	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	$514,143	$443,651	$390,670	$70,492
2023	$458,281	$421,652	$310,647	$36,629
2022	$461,399	$431,512	$276,510	$29,887
2021	$429,253	$419,500	$244,536	$9,753
2020	$388,836	$399,365	$234,379	$-10,529
2019	$422,233	$394,203	$246,008	$28,030
2018	$391,130	$367,029	$216,878	$24,101

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 486