IBEW 400 LOCAL UNION (EIN 210482995) - 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

1940

Legal Domicile

Principal Officer

ROBERT SHIMKO

Phone

7326817111

Tax Period

2024-07-01 to 2025-06-30

IBEW 400 LOCAL UNION, founded in 1940, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 8% surplus.

Mission

REPRESENT UNION MEMBERS FOR THE PURPOSE OF 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 (2024)

Revenue Breakdown

Contributions & Grants $2,833,107

Program Service Revenue $280,254

Investment Income $68,860

Other Revenue $0

TOTAL REVENUE $3,182,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,542,903

Fundraising Expenses $0

Other Expenses $1,130,951

TOTAL EXPENSES $2,943,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,182,221	$2,895,763	+0.1%
Expenses	$2,943,337	$2,688,183	+0.1%
Net Income	$238,884	$207,580	+0.2%

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

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

$1,314,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCCO DAMATO	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ROBERT INGMAN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
LEE SANBORN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ROBERT SULLIVAN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JOSEPH VOGT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ROBERT SHIMKO	BUSINESS MANAGER/FIN SEC	40.00	Officer	$224,590	$159,459	$384,049
JAMES MORAN	BUSINESS AGENT/TREASURER	40.00	Officer	$175,002	$124,251	$299,253
GEORGE T LANE	BUSINESS AGENT/REC SEC	40.00	Officer	$175,002	$124,251	$299,253
MICHAEL J RICCA	ASST BUSINESS MANAGER/PRESIDENT	40.00	Officer	$192,502	$136,677	$329,179
ROBERT BAUMGARTNER	VICE PRESIDENT	40.00	Officer	$2,893	$0	$2,893

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	$3,182,221	$2,943,337	$3,749,092	$238,884
2024	$2,895,763	$2,688,183	$3,509,866	$207,580
2023	$2,860,950	$2,520,953	$3,276,168	$339,997
2022	$2,740,209	$2,551,258	$2,960,104	$188,951
2021	$2,284,079	$2,469,960	$3,000,899	$-185,881
2020	$2,492,394	$2,524,332	$2,948,658	$-31,938
2019	$2,533,083	$2,313,003	$3,015,933	$220,080

IBEW 400 LOCAL UNION