CONNECTICUT INDEPENDENT UTILITY WO… - Form 990 Financial Data

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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

Legal Domicile

Phone

8607273146

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT INDEPENDENT UTILITY WORKERS UNION LOCAL 12924 is a small nonprofit that reported $239K in total revenue in fiscal year 2024. The organization ran a surplus of $104K, a strong 44% operating margin.

Mission

LABOR UNION

Program Service Accomplishments

Program 1

THIS IS A LABOR ORGANIZATION. THE ACTIVITIES IT CONDUCTS IN FURTHERANCE OF ITS EXEMPT PURPOSES ARE CLOSELY INTERRELATED. THEREFORE, NO PRECISE ALLOCATION OF EXPENSES CAN BE MADE AMONG INDIVIDUAL...

THIS IS A LABOR ORGANIZATION. THE ACTIVITIES IT CONDUCTS IN FURTHERANCE OF ITS EXEMPT PURPOSES ARE CLOSELY INTERRELATED. THEREFORE, NO PRECISE ALLOCATION OF EXPENSES CAN BE MADE AMONG INDIVIDUAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,488

Investment Income $33,384

Other Revenue $270

TOTAL REVENUE $239,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,984

Fundraising Expenses $0

Other Expenses $69,055

TOTAL EXPENSES $135,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,142	$229,803	+0.0%
Expenses	$135,039	$119,071	+0.1%
Net Income	$104,103	$110,732	-0.1%

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

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

$59,637

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT EUBANKS	President	20.00	Officer	$17,566	$0	$17,566
EDWARD N CASTRO	Vice President	10.00	Officer	$14,566	$0	$14,566
MICHAEL SCHADTLE	Treasurer	10.00	Officer	$14,566	$0	$14,566
BRENDA CARSON-BROWN	CHIEF STEWARD	10.00	Officer	$12,939	$0	$12,939
LARRY BURGESS	Trustee	1.00	Director	$0	$0	$0
KERRY COLUMBUS	Trustee	1.00	Director	$0	$0	$0
MARSHA HARRISON	Trustee	1.00	Director	$0	$0	$0
JOSH CORMIER	SERGEANT AT ARM	1.00	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
2024	$239,142	$135,039	$900,342	$104,103
2023	$229,803	$119,071	$797,052	$110,732
2022	$207,196	$203,690	$705,214	$3,506
2021	$209,681	$116,382	$687,427	$93,299
2020	$204,559	$122,453	$590,708	$82,106
2019	$195,794	$106,476	$506,354	$89,318

CONNECTICUT INDEPENDENT UTILITY WORKERS UNION LOCAL 12924