INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL UNION NO 35 (EIN 060400787) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1913

Legal Domicile

Principal Officer

MICHAEL NEALY

Phone

2035255438

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL UNION NO 35, founded in 1913, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $231K, a strong 16% operating margin.

Mission

ELECTRICAL WORKERS LOCAL LABOR UNION ORGANIZATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,369,197

Investment Income $54,782

Other Revenue $9,003

TOTAL REVENUE $1,432,982

Expense Breakdown

Grants Paid $147,297

Salaries & Benefits $570,489

Fundraising Expenses $0

Other Expenses $484,281

TOTAL EXPENSES $1,202,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,432,982	$1,306,182	+0.1%
Expenses	$1,202,067	$1,319,204	-0.1%
Net Income	$230,915	$-13,022	-18.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$410,683

Total Directors

$4,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARLEY FONTAINE	EXECUTIVE BOARD	1.00	Director	$1,611	$0	$1,611
ADAM CASSETTARI	EXECUTIVE BOARD	1.00	Director	$1,574	$0	$1,574
CURTIS DYNAK	EXECUTIVE BOARD	1.00	Director	$920	$0	$920
FREDERICK LADD	RECORDING SECRETARY	1.00	Officer	$2,287	$0	$2,287
KEITH SAILER	VICE PRESIDENT	1.00	Officer	$515	$0	$515
JOHN BOWEN	PRESIDENT	5.00	Officer	$118,830	$68,835	$187,665
JEFFREY BAZINET	TREASURER	5.00	Officer	$3,485	$0	$3,485
MICHAEL NEALY	BUSINESS MANAGER/FIN. SEC.	40.00	Officer	$151,772	$64,959	$216,731

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	$1,432,982	$1,202,067	$3,304,522	$230,915
2022	$1,306,182	$1,319,204	$2,866,853	$-13,022
2021	$1,141,330	$999,382	$3,197,315	$141,948
2020	$859,598	$844,242	$2,918,529	$15,356
2019	$1,277,582	$1,537,105	$2,810,095	$-259,523
2018	$1,072,913	$857,368	$2,877,506	$215,545

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL UNION NO 35