INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2323 (EIN 050343255) - 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

CHRISTOPHER BUFFERY

Phone

4019462323

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2323, founded in 1971, is a small nonprofit that reported $902K in total revenue in fiscal year 2025.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATLEY 480 UNION MEMBERS FOR PURPOSES OF COLLECTIVE BARGAINING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $880,299

Investment Income $6,864

Other Revenue $14,629

TOTAL REVENUE $901,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,354

Fundraising Expenses $0

Other Expenses $387,803

TOTAL EXPENSES $891,157

Year-over-Year Comparison

	2025	2024	Change
Revenue	$901,792	$914,438	0.0%
Expenses	$891,157	$951,771	-0.1%
Net Income	$10,635	$-37,333	-1.3%

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

$50,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MUSARD	PRESIDENT	40.00	Officer	$7,762	$0	$7,762
RAYMOND SILVESTRI	VICE PRES.	3.00	Officer	$4,541	$0	$4,541
MIKE ANGELOTTI	TREASURER	3.00	Officer	$11,980	$0	$11,980
MICHAEL SULLO	RECORDING SE	3.00	Officer	$5,152	$0	$5,152
JEFFREY GEARING	EX. BOARD	3.00	Officer	$246	$0	$246
RAYMOND CIMINO	EX. BOARD	3.00	Officer	$8,234	$0	$8,234
JOANN LAROSE	EX. BOARD	3.00	Officer	$3,295	$0	$3,295
MICHAEL WALSH	EX. BOARD	3.00	Officer	$1,383	$0	$1,383
CHRISTOPHER BUFFERY	BUS. MGR./FI	40.00	Highest	$183,698	$8,887	$192,585
EDWARD BLACKBURN	ASST. BUS. M	40.00	Highest	$147,108	$7,109	$154,217
CHARLES SCHWAB	EX. BOARD	3.00	Officer	$1,665	$0	$1,665
NATHAN MOORE	EX. BOARD	3.00	Officer	$6,419	$0	$6,419

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	$901,792	$891,157	$735,927	$10,635
2024	$914,438	$951,771	$725,291	$-37,333
2023	$939,798	$900,710	$762,624	$39,088
2022	$937,623	$1,116,042	$724,077	$-178,419
2021	$983,852	$1,037,641	$901,955	$-53,789
2020	$1,061,172	$1,029,913	$955,744	$31,259
2019	$1,071,950	$1,025,913	$926,517	$46,037
2018	$1,123,807	$1,115,872	$878,448	$7,935

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 2323