IBEW LOCAL NO 488 - JATC (EIN 060976668) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

DANIEL MCINERNEY

Phone

2034527679

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL NO 488 - JATC, founded in 1961, is a small nonprofit in the Employment sector that reported $693K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $620K left a modest 11% surplus.

Mission

TO SERVE AS A TRAINING ORGANIZATION FOR FUTURE ELECTRICIANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $646,807

Investment Income $46,387

Other Revenue $0

TOTAL REVENUE $693,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,450

Fundraising Expenses $0

Other Expenses $314,909

TOTAL EXPENSES $620,359

Year-over-Year Comparison

	2025	2024	Change
Revenue	$693,194	$538,848	+0.3%
Expenses	$620,359	$532,942	+0.2%
Net Income	$72,835	$5,906	+11.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

$431,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MCINERNEY	JATC COMMITTEE - LABOR/SECRETARY	2.00	Director	$0	$80,690	$228,312
ANTHONY CAVALLI	JATC COMMITTEE - LABOR	1.00	Director	$0	$75,497	$202,814
MICHAEL MOCONYI	CHAIRMAN	1.00	Director	$0	$0	$0
PATRICK LEWIS	JATC COMMITTEE - MANAGEMENT	1.00	Director	$0	$0	$0
WILLIE MCBRIDE	JATC COMMITTEE - MANAGEMENT	1.00	Director	$0	$0	$0
RASHELL OSBORNE	JATC COMMITTEE - LABOR	1.00	Director	$0	$0	$0
THOMAS J SPORTINI	TEACHER/DIRECTOR	40.00	Highest	$161,100	$85,310	$246,410

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	$693,194	$620,359	$1,449,855	$72,835
2024	$538,848	$532,942	$1,329,005	$5,906
2023	$521,668	$564,679	$1,273,174	$-43,011
2022	$514,369	$525,916	$1,270,203	$-11,547
2021	$444,949	$510,230	$1,364,744	$-65,281
2020	$394,124	$508,580	$1,393,882	$-114,456
2019	$691,586	$554,769	$1,496,021	$136,817
2018	$679,934	$539,440	$1,315,805	$140,494

IBEW LOCAL NO 488 - JATC