INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 1049 (EIN 110502155) - 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

1965

Legal Domicile

Principal Officer

Patrick Guidice III

Phone

6312341800

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 1049, founded in 1965, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 11% surplus.

Mission

The Union's objectives are to promote the material and intellectual welfare of its 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,150,843

Investment Income $146,651

Other Revenue $244,498

TOTAL REVENUE $5,541,992

Expense Breakdown

Grants Paid $80,610

Salaries & Benefits $2,754,959

Fundraising Expenses $0

Other Expenses $2,109,409

TOTAL EXPENSES $4,944,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,541,992	$4,742,313	+0.2%
Expenses	$4,944,978	$4,857,667	+0.0%
Net Income	$597,014	$-115,354	-6.2%

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

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

$880,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Guidice III	Bus Mgr/Fin Sec	40.00	Officer	$245,322	$57,640	$302,962
RICHARD FRIDELL	ASST BUS MANAGER	40.00		$209,914	$76,458	$286,372
JAMES COOPER	President	4.00	Officer	$223,348	$33,935	$257,283
ROBIN RODRIGUEZ	Business Rep	40.00		$198,440	$46,230	$244,670
CHARLES DOYLE	Vice President	1.00	Officer	$211,362	$22,816	$234,178
Robert Spencer	Business Rep	40.00		$213,177	$12,951	$226,128
BRIAN SCHELLHORN	Political Director	40.00		$141,308	$57,101	$198,409
JEROME BOST	Business Rep	40.00		$164,949	$18,998	$183,947
JENNIFER CLEMENTE	Executive Board	1.00	Officer	$17,954	$0	$17,954
ANTHONY SCOTTO	Recording Sec'y	1.00	Officer	$10,952	$0	$10,952
WILLIAM LOMBARDI	Executive Board	1.00	Officer	$10,145	$0	$10,145
THOMAS DEVLIN	Treasurer	6.00	Officer	$7,101	$0	$7,101
KENNETH HAMILTON	EXECUTIVE BOARD	1.00	Officer	$6,316	$0	$6,316
THOMAS GRITZ	EXECUTIVE BOARD	1.00	Officer	$5,643	$0	$5,643
ALAN C BLUM	EXECUTIVE BOARD	1.00	Officer	$5,445	$0	$5,445
BRYAN HUGHES-GARIEPY	Executive Board	1.00	Officer	$4,870	$0	$4,870
David Smith	Executive Board	1.00	Officer	$4,724	$0	$4,724
THOMAS DOWLING	Recording Sec'y	8.00	Officer	$4,386	$0	$4,386
MICHAEL PAGLIUCA	Executive Board	1.00	Officer	$3,764	$0	$3,764
JOHN GALLAGHER	Executive Board	1.00	Officer	$1,613	$0	$1,613
CATHERINE VARRIALLE	EXECUTIVE BOARD	1.00	Officer	$1,613	$0	$1,613
GREGORY SCHKODA	EXECUTIVE BOARD	1.00	Officer	$1,613	$0	$1,613

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	$5,541,992	$4,944,978	$6,873,250	$597,014
2023	$4,742,313	$4,857,667	$6,108,613	$-115,354
2022	$4,654,007	$4,660,818	$5,714,233	$-6,811
2021	$4,848,705	$4,840,468	$6,463,934	$8,237
2020	$5,259,675	$4,523,874	$6,553,920	$735,801
2019	$4,815,041	$4,245,169	$5,710,895	$569,872
2018	$4,470,355	$3,914,061	$4,941,609	$556,294

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 1049