LOCAL UNION NO 3 OF THE INTERNATIO… - 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

Formation Year

1891

Legal Domicile

Principal Officer

CHRISTOPHER ERIKSON

Phone

7185914000

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION NO 3 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1891, is a mid-sized nonprofit that reported $28.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $7.0M, a strong 25% operating margin.

Mission

THE OBJECTS OF THE LOCAL ARE TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS AND THE OBJECTS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

THE LOCAL REPRESENTS APPROXIMATELY 22,300 MEMBERS BY NEGOTIATING AND ADMINISTERING COLLECTIVE BARGAINING AGREEMENTS AND REPRESENTING MEMBERS WITH GRIEVANCES AND IN ARBITRATIONS.

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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 $27,768,048

Investment Income $478,778

Other Revenue $81,933

TOTAL REVENUE $28,328,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,589,510

Fundraising Expenses $0

Other Expenses $6,542,556

TOTAL EXPENSES $21,300,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,328,759	$31,561,321	-0.1%
Expenses	$21,300,152	$20,201,859	+0.1%
Net Income	$7,028,607	$11,359,462	-0.4%

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

109

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

$1,186,178

Total Directors

$450,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER ERIKSON	BUSINESS MANAGER	40.00	Officer	$219,003	$107,497	$326,500
THOMAS J CLEARY	PRESIDENT	37.50	Officer Director	$206,162	$106,039	$312,201
JOSEPH PROSCIA JR	FINANCIAL SECRETARY	37.50	Officer	$206,935	$106,041	$312,976
LOUIS ALVAREZ	VICE PRESIDENT	10.00	Officer Director	$0	$21,385	$21,385
DAMON ARMSTRONG	TREASURER	10.00	Officer	$2,837	$13,195	$16,032
MICHAEL LORETO	RECORDING SECRETARY	10.00	Officer	$1,407	$13,195	$14,602
TANYA FERGUSON	EXECUTIVE BOARD	5.00	Officer Director	$2,520	$21,385	$23,905
ROBERT FOXX	EXAMINING BOARD	5.00	Officer Director	$0	$21,385	$21,385
DAVID HOCHMAN	EXECUTIVE BOARD	5.00	Officer Director	$0	$21,385	$21,385
PATRICK MOQUIN	EXECUTIVE BOARD	5.00	Officer Director	$0	$21,385	$21,385
STEVEN MOY	EXECUTIVE BOARD	5.00	Officer Director	$7,132	$21,385	$28,517
KEVIN COLLINS	EXAMINING BOARD	1.00	Officer	$700	$21,385	$22,085
SASCHA SWANSON	EXAMINING BOARD	1.00	Officer	$350	$8,225	$8,575
GEORGE WHITE	EXAMINING BOARD	1.00	Officer	$630	$21,385	$22,015
STELLA FAFALIOS	EXAMINING BOARD - PAST	1.00	Officer	$70	$13,160	$13,230
LANCE VAN ARSDALE	ASST BUSINESS MGR	37.50	Highest	$207,258	$106,043	$313,301
THOMAS CAPURSO	ASST BUSINESS MGR	37.50	Highest	$206,727	$106,041	$312,768
RICHARD DUVA	ASST BUSINESS MGR	37.50	Highest	$206,501	$106,014	$312,515
JOSEPH SANTIGATE III	ASST BUSINESS MGR	37.50	Highest	$206,162	$106,039	$312,201
CHRISTOPHER ERIKSON JR	SR ASST BUSINESS MGR	37.50	Highest	$205,326	$106,037	$311,363

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	$28,328,759	$21,300,152	$60,506,811	$7,028,607
2022	$31,561,321	$20,201,859	$49,325,369	$11,359,462
2021	$29,527,864	$18,979,055	$42,808,557	$10,548,809
2020	$24,798,330	$19,569,360	$32,097,682	$5,228,970
2019	$20,028,197	$20,432,535	$23,601,692	$-404,338
2018	$24,211,437	$20,727,303	$21,519,375	$3,484,134

LOCAL UNION NO 3 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS