INTERNATIONAL BROTHERHOOD OF 0241 LOCAL UNION (EIN 150347943) - 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

1922

Legal Domicile

Principal Officer

TODD BRUER

Phone

6072722809

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF 0241 LOCAL UNION, founded in 1922, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 11% surplus.

Mission

IBEW #241 IS A MEMBER ORGANIZATION REPRESENTING THE LOCAL CHAPTER OF THE IBEW AFL-CIO FOR THE PURPOSE OF ORGANIZING ALL CRAFTSMEN WORKING IN THE LOCAL JURISDICTION WHO DO NOT HAVE UNION REPRESENTATION.

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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 $1,575,499

Investment Income $139,410

Other Revenue $0

TOTAL REVENUE $1,714,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,689

Fundraising Expenses $0

Other Expenses $719,191

TOTAL EXPENSES $1,531,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,714,909	$1,493,553	+0.1%
Expenses	$1,531,083	$1,171,753	+0.3%
Net Income	$183,826	$321,800	-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

Employees

Volunteers

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

$182,118

Total Directors

$14,236

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MILES	PRESIDENT	1.00	Officer Director	$1,240	$0	$1,240
GERALD MINSTER	VICE-PRESIDENT	1.00	Officer Director	$656	$0	$656
JAY CLAWSON	TREASURER	1.00	Officer Director	$3,320	$0	$3,320
ROBERT CAREY	RECORDING SECRETARY	1.00	Officer Director	$1,800	$0	$1,800
CASEY WEATHERBY	EXECUTIVE BOARD	0.50	Director	$1,912	$0	$1,912
RANDY SHIELDS	EXECUTIVE BOARD	0.50	Director	$600	$0	$600
JESSE BUCHANAN	EXECUTIVE BOARD	0.50	Director	$600	$0	$600
MICHAEL CARR	EXECUTIVE BOARD	0.50	Director	$600	$0	$600
MICHAEL HEROLD	EXECUTIVE BOARD	0.50	Director	$2,272	$0	$2,272
TERRY STREDNAK	EXECUTIVE BOARD	0.50	Director	$600	$0	$600
CASEY BEELEY	EXECUTIVE BOARD	0.50	Director	$636	$0	$636
TODD BRUER	BUSINESS MANAGER/FINANCIAL	40.00	Officer	$109,000	$66,102	$175,102

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	$1,714,909	$1,531,083	$2,311,567	$183,826
2024	$1,493,553	$1,171,753	$2,064,880	$321,800
2023	$1,226,469	$1,229,999	$1,666,049	$-3,530
2022	$1,196,777	$1,374,282	$1,569,073	$-177,505
2021	$1,180,427	$1,035,158	$1,946,974	$145,269
2020	$1,137,826	$1,088,973	$1,641,158	$48,853
2019	$1,192,968	$1,246,551	$1,673,926	$-53,583
2018	$1,235,982	$1,019,948	$1,711,344	$216,034

INTERNATIONAL BROTHERHOOD OF 0241 LOCAL UNION