INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 840 EDUCATION FUND (EIN 204032023) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

MICHAEL L DAVIS

Phone

3157893330

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 840 EDUCATION FUND, founded in 1965, is a small nonprofit that reported $472K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 27% operating margin.

Mission

THE ORGANIZATION IS AN APPRENTICE TRAINING PROGRAM THAT PROVIDE CLASSROOM INSTRUCTION, SUPPLIES & MATERIALS FOR MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $462,509

Investment Income $34

Other Revenue $9,434

TOTAL REVENUE $471,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,280

Fundraising Expenses $0

Program Expenses $222,787

Other Expenses $159,691

TOTAL EXPENSES $342,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,977	$328,149	+0.4%
Expenses	$342,971	$341,684	+0.0%
Net Income	$129,006	$-13,535	-10.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$127,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY KNAPP	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN OPPEDISANO	TRUSTEE	1.00	Director	$0	$0	$0
STEVE ROSS	TRUSTEE	1.00	Director	$0	$0	$0
NICK OPPEDISANO	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SMITH	TRAINING DIRECTOR	40.00	Officer	$87,687	$39,706	$127,393

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	$471,977	$342,971	$308,645	$129,006
2022	$328,149	$341,684	$183,015	$-13,535
2021	$239,096	$268,642	$217,703	$-29,546
2020	$307,727	$258,686	$222,021	$49,041

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 840 EDUCATION FUND