INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420

EIN: 060716467

WATERBURY, CT

Total Revenue
$1,326,828
Total Expenses
$1,254,864
Total Assets
$961,959
Net Assets
$961,959
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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
1940
Legal Domicile
CT
Principal Officer
RYAN R POUDRIER
Phone
2037579639
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420, founded in 1940, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 5% surplus.

Mission

LABOR UNION FOR ELECTRICAL WORKERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,313,635
Investment Income $9,650
Other Revenue $3,543
TOTAL REVENUE $1,326,828

Expense Breakdown

Grants Paid $19,525
Salaries & Benefits $729,361
Fundraising Expenses $0
Other Expenses $496,790
TOTAL EXPENSES $1,254,864

Year-over-Year Comparison

2024 2023 Change
Revenue $1,326,828 $1,259,542 +0.1%
Expenses $1,254,864 $1,133,587 +0.1%
Net Income $71,964 $125,955 -0.4%
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
17
Independent Members
N/A
Employees
24
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
6
$559,031
Total Directors
11
$17,316
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCOS LUGO EXECUTIVE BOARD 1.00
Director
$1,200 $0 $1,200
WALTER LOFREDDO EXECUTIVE BOARD 1.00
Director
$0 $0 $0
ANGELO COPPOTELLI EXECUTIVE BOARD 1.00
Director
$0 $0 $0
JACK LABRANCH EXECUTIVE BOARD 1.00
Director
$8,791 $0 $8,791
JOHN MIHALOV EXECUTIVE BOARD 1.00
Director
$0 $0 $0
WILLIAM FADGYAS EXECUTIVE BOARD 1.00
Director
$1,200 $0 $1,200
EUGENE BUCKLEY EXECUTIVE BOARD 1.00
Director
$0 $0 $0
RYAN D'AURIELO EXECUTIVE BOARD 1.00
Director
$0 $0 $0
JOSEPH DUFOUR EXECUTIVE BOARD 1.00
Director
$800 $0 $800
BRIAN BARRETT EXECUTIVE BOARD 1.00
Director
$1,200 $0 $1,200
EDWARD SPINA EXECUTIVE BOARD 1.00
Director
$4,125 $0 $4,125
JOHN BURKE PRESIDENT 1.00
Officer
$7,579 $0 $7,579
STEVEN CASPER ASST. BUS. MANAGER 40.00
Officer
$189,779 $39,295 $229,074
JOSEPH A MALCARNE BUSINESS MANAGER 40.00
Officer
$224,476 $54,963 $279,439
VICTOR N PERUGINI RECORDING SEC. 1.00
Officer
$11,748 $0 $11,748
ALLEN MCCONNELL VP 1.00
Officer
$4,387 $0 $4,387
RYAN POUDRIER TREASURER 8.00
Officer
$26,804 $0 $26,804
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 No data No data No data No data
2024 $1,326,828 $1,254,864 $961,959 $71,964
2023 $1,259,542 $1,133,587 $896,395 $125,955
2022 $1,058,326 $1,161,789 $793,672 $-103,463
2021 $1,083,955 $1,026,619 $819,404 $57,336
2020 $1,059,027 $915,177 $762,874 $143,850
2019 $942,174 $921,463 $613,862 $20,711
2018 $869,614 $847,776 $595,870 $21,838
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