IBEW LOCAL UNION 614

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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

2005

Legal Domicile

Principal Officer

LAWRENCE ANASTASI

Phone

6103591015

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL UNION 614, founded in 2005, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ORGANIZED LABOR UNION AFFILIATED WITH THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

Program Service Accomplishments

Program 1

THE LOCAL UNION REPRESENTS APPROXIMATELY 1550 WORKERS IN THE ELECTRICAL INDUSTRY IN COLLECTIVE BARGAINING, ARBITRATIONS AND OTHER LABOR 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,336,641

Program Service Revenue $0

Investment Income $64,829

Other Revenue $1,092

TOTAL REVENUE $1,402,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,421

Fundraising Expenses $0

Other Expenses $449,841

TOTAL EXPENSES $1,479,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,402,562	$1,262,387	+0.1%
Expenses	$1,479,518	$1,446,927	+0.0%
Net Income	$-76,956	$-184,540	-0.6%

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

N/A

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

$349,585

Total Directors

$59,528

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GLENN	EXECUTIVE BOARD	0.50	Director	$14,882	$0	$14,882
MARK MCCARTY	EXECUTIVE BOARD	0.50	Director	$7,441	$0	$7,441
STEVE MCNUTT	EXECUTIVE BOARD	0.50	Director	$7,441	$0	$7,441
GEORGE SCHNEIDER	EXECUTIVE BOARD	0.50	Director	$7,441	$0	$7,441
STEVE SMOLENAK	EXECUTIVE BOARD	1.00	Director	$7,441	$0	$7,441
ARIC UNRATH	EXECUTIVE BOARD	0.50	Director	$7,441	$0	$7,441
DAN O'LEARY	EXECUTIVE BOARD	0.50	Director	$7,441	$0	$7,441
LAWRENCE ANASTASI	PRESIDENT/BUSINESS MANAGER	70.00	Officer	$267,731	$0	$267,731
BRENDAN CLEMMER	VICE PRESIDENT/BUSINESS AG	15.00	Officer	$22,324	$0	$22,324
DANIEL HOLLAND	TREASURER	20.00	Officer	$22,324	$0	$22,324
AUGUSTINE SCAFIDI	FINANCIAL SECRETARY	10.00	Officer	$22,324	$0	$22,324
CHANCE BECK	RECORDING SECRETARY	5.00	Officer	$14,882	$0	$14,882

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	$1,402,562	$1,479,518	$712,307	$-76,956
2023	$1,262,387	$1,446,927	$779,316	$-184,540
2022	$1,187,353	$1,136,516	$984,296	$50,837
2021	$1,125,625	$1,102,864	$907,146	$22,761
2020	$1,162,242	$1,050,458	$882,163	$111,784
2019	$985,960	$1,022,726	$768,855	$-36,766
2018	$769,683	$817,445	$847,238	$-47,762