ELECTRICAL WORKERS IBEW AFL-CIO LOCAL 42 (EIN 060856238) - 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

1970

Legal Domicile

Principal Officer

MICHAEL TREADWELL

Phone

8606467297

Tax Period

2025-01-01 to 2025-12-31

ELECTRICAL WORKERS IBEW AFL-CIO LOCAL 42, founded in 1970, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $4.2M left a modest 12% surplus.

Mission

LOCAL 42 REPRESENTS UNION MEMBERS IN NEGOTIATION OF BENEFITS AND COLLECTIVE BARGAINING AGREEMENTS, DISPUTE SETTLEMENT BETWEEN EMPLOYEE/EMPLOYER, OBTAINING EMPLOYMENT, AND REPRESENT MEMBERS, ETC.

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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 $3,390,654

Investment Income $1,359,622

Other Revenue $0

TOTAL REVENUE $4,750,276

Expense Breakdown

Grants Paid $152,082

Salaries & Benefits $1,594,934

Fundraising Expenses $0

Other Expenses $2,123,872

TOTAL EXPENSES $4,179,488

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,750,276	$6,806,709	-0.3%
Expenses	$4,179,488	$4,160,012	+0.0%
Net Income	$570,788	$2,646,697	-0.8%

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

$997,962

Total Directors

Key Employees

$312,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TREADWELL	BUSINESS MGR/FIN. SEC.	40.00	Officer	$253,601	$84,750	$338,351
PAWEL ROBAK JR	RECORDING SECRETARY	40.00	Officer	$238,818	$84,750	$323,568
JOSE RAMOS	VICE PRESIDENT/BUSINESS REP	40.00	Officer	$228,246	$84,750	$312,996
FRED SHARPE JR	EXECUTIVE BOARD	2.00	Officer	$6,874	$0	$6,874
MICHAEL F FLANAGAN	EXECUTIVE BOARD	2.00	Officer	$4,000	$0	$4,000
R WILLIAM RISLEY JR	TREASURER	2.00	Officer	$4,000	$0	$4,000
PATRICK DOWLAND	EXECUTIVE BOARD	2.00	Officer	$3,750	$0	$3,750
DANIEL HARTLEY	PRESIDENT	2.00	Officer	$3,750	$0	$3,750
JASON LOCKTON	EXECUTIVE BOARD	2.00	Officer	$673	$0	$673
DEREK SANTA LUCIA	BUSINESS REP	40.00	Key Emp	$228,246	$84,750	$312,996

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	$4,750,276	$4,179,488	$33,974,704	$570,788
2024	$6,806,709	$4,160,012	$32,292,189	$2,646,697
2023	$6,349,221	$3,580,224	$29,554,621	$2,768,997
2022	$5,745,480	$3,487,241	$26,206,569	$2,258,239
2021	$5,959,389	$3,045,608	$23,948,330	$2,913,781
2020	$5,758,696	$2,859,153	$21,034,549	$2,899,543
2019	$5,668,443	$2,838,414	$18,135,006	$2,830,029
2018	$4,888,431	$2,604,796	$15,304,977	$2,283,635

ELECTRICAL WORKERS IBEW AFL-CIO LOCAL 42