LOCAL NO 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS

EIN: 060400910

MONROE, CT

Total Revenue
$1,884,135
Total Expenses
$1,241,664
Total Assets
$992,390
Net Assets
$963,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
CT
Principal Officer
DANIEL MCINERNEY
Phone
2034527679
Tax Period
2025-01-01 to 2025-12-31

LOCAL NO 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1913, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $642K, a strong 34% operating margin.

Mission

TO SERVE AS A LABOR UNION FOR ELECTRICIANS.

Program Service Accomplishments

Program 1

FACILITATE EMPLOYMENT OPPORTUNITIES FOR THE 436 MEMBER ELECTRICIANS LOCATED IN THE STATE OF CONNECTICUT.

Program 2

TO NEGOTIATE UNION CONTRACTS FOR MEMBERS AND COORDINATE WITH CONTRACTORS TO IMPROVE WORKING CONDITIONS RELATING TO JOB SITES.

Program 3

MAINTENANCE OF A UNION WEBSITE AND EMAIL MESSAGING TO DISSEMINATE RELEVANT INFORMATION TO UNION MEMBERS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,576,039
Investment Income $31,749
Other Revenue $276,347
TOTAL REVENUE $1,884,135

Expense Breakdown

Grants Paid $9,177
Salaries & Benefits $788,398
Fundraising Expenses $0
Other Expenses $431,557
TOTAL EXPENSES $1,241,664

Year-over-Year Comparison

2025 2024 Change
Revenue $1,884,135 $1,324,206 +0.4%
Expenses $1,241,664 $1,174,572 +0.1%
Net Income $642,471 $149,634 +3.3%
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

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Governance

Voting Members
13
Independent Members
10
Employees
4
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
5
$608,540
Total Directors
15
$608,540
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL W MCINERNEY BUSINESS MANAGER/FINANCIAL SECRETARY 40.00
Officer Director
$147,622 $80,690 $228,312
ANTHONY CAVALLI TREASURER/ASST. BUSINESS M 40.00
Officer Director
$127,317 $75,497 $202,814
JEROME WHITE RECORDING SECRETARY 40.00
Officer Director
$107,111 $70,303 $177,414
KEVIN DUBOIS EXECUTIVE BOARD (P) 1.00
Director
$0 $0 $0
JOHN FOTOPOULOS EXECUTIVE BOARD 1.00
Director
$0 $0 $0
JOHN J GULINO EXECUTIVE BOARD 1.00
Director
$0 $0 $0
AMIL C LOCKWOOD EXECUTIVE BOARD 1.00
Director
$0 $0 $0
PETER MARIN EXECUTIVE BOARD 1.00
Director
$0 $0 $0
JORDAN MATHIS EXECUTIVE BOARD 1.00
Director
$0 $0 $0
GEORGE MEIER EXECUTIVE BOARD 1.00
Director
$0 $0 $0
ROBERT NITSCHE EXECUTIVE BOARD 1.00
Director
$0 $0 $0
JENN NORMAND EXECUTIVE BOARD (P) 1.00
Director
$0 $0 $0
KEITH TAVERNA EXECUTIVE BOARD 1.00
Director
$0 $0 $0
STEPHEN J RODRIGUES PRESIDENT 1.00
Officer Director
$0 $0 $0
TRAVIS E GERALD VICE PRESIDENT 1.00
Officer Director
$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
2025 $1,884,135 $1,241,664 $992,390 $642,471
2024 $1,324,206 $1,174,572 $1,740,322 $149,634
2023 $964,660 $1,074,342 $1,671,901 $-109,682
2022 $904,050 $1,087,702 $1,565,880 $-183,652
2021 $874,277 $944,049 $1,575,028 $-69,772
2020 $1,002,034 $973,331 $1,670,178 $28,703
2019 $1,631,810 $1,049,134 $1,310,825 $582,676
2018 $1,277,281 $997,778 $774,893 $279,503
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