INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 363 GENERAL FUND (EIN 131739738) - 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

1925

Legal Domicile

Principal Officer

SAMUEL FRATTO

Phone

8457833500

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 363 GENERAL FUND, founded in 1925, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 38% operating margin.

Mission

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS THROUGH ORGANIZING AND COLLECTIVE BARGAINING.

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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 $1,056,007

Program Service Revenue $3,387,646

Investment Income $1,605,288

Other Revenue $141,188

TOTAL REVENUE $6,190,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,836,711

Fundraising Expenses $0

Other Expenses $2,022,334

TOTAL EXPENSES $3,859,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,190,129	$4,713,338	+0.3%
Expenses	$3,859,045	$3,800,318	+0.0%
Net Income	$2,331,084	$913,020	+1.6%

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

1945

Independent Members

1945

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

$995,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL FRATTO	BUS. MANAGER/FIN. SECRETAR	40.00	Officer	$254,580	$0	$254,580
FRANK PERUGINO	PRESIDENT/ASST. BUS. MGR	40.00	Officer	$171,800	$275	$172,075
STEPHEN NEUGEBAUER	ASST. BUS. MGR/E-BOARD	40.00	Officer	$171,800	$360	$172,160
JOHN DICKSON	ASST. BUS. MGR/E-BOARD	40.00	Officer	$171,800	$60	$171,860
GARY COLANDREA	FORMER VICE PRESIDENT	1.00	Officer	$0	$100	$100
GERARD MURTAGH	VICE PRESIDENT	1.00	Officer	$0	$200	$200
KYLE PARENZEN	TREASURER	40.00	Officer	$0	$100	$100
JAMES MOORE	EXECUTIVE BOARD	1.00	Officer	$0	$180	$180
JOHN DISPENSA	FORMER EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
KENNETH SUTTON	EXECUTIVE BOARD	1.00	Officer	$0	$360	$360
MARK GRAD	FORMER EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
MIKE FERGUSON	EXECUTIVE BOARD	1.00	Officer	$0	$180	$180
GREG HOOVER	EXECUTIVE BOARD	1.00	Officer	$0	$180	$180
NICK HEIM	EXECUTIVE BOARD	1.00	Officer	$0	$180	$180
WILLAM EDWARDS	RECORDING SECRETARY	1.00	Officer	$0	$66,426	$223,666
ZARARIAH DICKSON	EXECUTIVE BOARD	1.00	Officer	$0	$120	$120
JOHN A MARAIA	ASSISTANT BUSINESS MANAGER	40.00	Highest	$171,800	$0	$171,800
HARRY MILLER	ASSISTANT BUSINESS MANAGER	40.00	Highest	$171,800	$0	$171,800
THOMAS KNAPP	ASSISTANT BUSINESS MANAGER	40.00	Highest	$157,240	$0	$157,240

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	$6,190,129	$3,859,045	$19,716,219	$2,331,084
2022	$4,713,338	$3,800,318	$17,117,891	$913,020
2021	$5,265,535	$4,243,598	$18,827,972	$1,021,937
2020	$4,605,636	$3,760,078	$16,871,110	$845,558
2019	$5,531,856	$3,999,866	$14,780,246	$1,531,990
2018	$4,622,799	$3,848,550	$12,006,448	$774,249

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 363 GENERAL FUND