INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO35 ASSOCIATION INC (EIN 060865102) - 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

1969

Legal Domicile

Principal Officer

MICHAEL NEALY

Phone

8605255438

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO35 ASSOCIATION INC, founded in 1969, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $15K, a strong 62% operating margin.

Mission

TO HOLD FOR THE BENEFIT OF I.B.E.W. LOCAL UNION NO. 35 LEGAL TITLE TO REAL ESTATE WHICH HOUSE THE LOCAL UNION'S ADMIN AND TRAINING FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,000

Investment Income $4,415

Other Revenue $0

TOTAL REVENUE $24,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,368

TOTAL EXPENSES $9,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,415	$28,541	-0.1%
Expenses	$9,368	$24,931	-0.6%
Net Income	$15,047	$3,610	+3.2%

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

Employees

N/A

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

Total Directors

$404,396

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BOWEN	PRESIDENT	1.00	Director	$0	$68,835	$187,665
KEITH SAILER	VICE PRESIDENT	1.00	Director	$0	$0	$0
JEFFREY BAZINET	TREASURER	1.00	Director	$0	$0	$0
FREDERICK LADD	RECORDING SECRETARY	1.00	Director	$0	$0	$0
MICHAEL NEALY	BUSINESS MANAGER/FIN. SEC.	1.00	Director	$0	$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	$24,415	$9,368	$558,737	$15,047
2022	$28,541	$24,931	$543,689	$3,610
2021	$132,202	$17,992	$540,079	$114,210

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO35 ASSOCIATION INC