INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - 0261 LOCAL

EIN: 060729150

GROTON, CT

Total Revenue
$259,690
Total Expenses
$291,330
Total Assets
$43,922
Net Assets
$43,468
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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
SEAN BANKS
Phone
8604452224
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - 0261 LOCAL, founded in 1940, is a small nonprofit that reported $260K in total revenue in fiscal year 2025. Expenses of $291K exceeded revenue, resulting in a 12% operating deficit.

Mission

BARGAINING AGENT FOR 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 $258,756
Investment Income $91
Other Revenue $843
TOTAL REVENUE $259,690

Expense Breakdown

Grants Paid $4,756
Salaries & Benefits $30,124
Fundraising Expenses $0
Other Expenses $256,450
TOTAL EXPENSES $291,330

Year-over-Year Comparison

2025 2024 Change
Revenue $259,690 $254,845 +0.0%
Expenses $291,330 $243,037 +0.2%
Net Income $-31,640 $11,808 -3.7%
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
12
Independent Members
5
Employees
20
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
18
$21,347
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICARDO ARRIAGA FINANCIAL SECRETARY 5.00
Officer
$3,627 $0 $3,627
RICHARD MCCOMBS PRESIDENT (P) 30.00
Officer
$3,541 $0 $3,541
ADAM JARRY TREASURER 1.00
Officer
$2,855 $0 $2,855
SEAN BANKS PRESIDENT/BUSINESS MANAGER 5.00
Officer
$2,462 $0 $2,462
THOMAS BRAYMAN EXECUTIVE BOARD (P) 1.00
Officer
$2,390 $0 $2,390
CHARLES WITT EXECUTIVE BOARD (P) 1.00
Officer
$2,195 $0 $2,195
BRANDON WINTERS VICE PRESIDENT 5.00
Officer
$1,851 $0 $1,851
MICHAEL HICKEY RECORDING SECRETARY 5.00
Officer
$1,580 $0 $1,580
STEVEN SPARGO EXECUTIVE BOARD 1.00
Officer
$473 $0 $473
KEITH LAFAILLE EXECUTIVE BOARD 1.00
Officer
$373 $0 $373
THOMAS ERIC EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
SEBASTIAN GAGLIARDI EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
DAVID LEWIS EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
SUZIE MOLONSON EXECUTIVE BOARD (P) 1.00
Officer
$0 $0 $0
JOSEPH NUNLEY EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
JAMES TACKLING EXECUTIVE BOARD 1.00
Officer
$0 $0 $0
SEBASTIAN VINE EXECUTIVE BOARD (P) 1.00
Officer
$0 $0 $0
WAYLAND HEDDING FINANCIAL SECRETARY (P) 5.00
Officer
$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 $259,690 $291,330 $43,922 $-31,640
2024 No data No data No data No data
2023 $215,086 $190,937 $63,300 $24,149
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