LOCAL UNION 104 OCCUPATIONAL SAFET… - 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

1985

Legal Domicile

Principal Officer

BRIAN MURPHY

Phone

5086685856

Tax Period

2025-01-01 to 2025-12-31

LOCAL UNION 104 OCCUPATIONAL SAFETY HEALTH AND EDUCATION TRUST FUND, founded in 1985, is a community nonprofit in the Employment sector that reported $6.6M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 23% operating margin.

Mission

PROVIDE TRAINING AND EDUCATION PROGRAMS FOR EMPLOYEES IN THE OUTSIDE ELECTRICAL INDUSTRY AND FOR MEMBERS OF AN AFFILIATED IBEW LOCAL.

Program Service Accomplishments

Program 1

Expenses: $2,747,251 Revenue: $6,092,333

TRAINING OF NEW AND CONTINUING MEMBERS OF IBEW LOCAL UNION 104 IN SAFETY PROCEDURES/FEATURES WHEN WORKING WITH HIGH VOLTAGE ELECTRICITY, IN FIRST AID, AND IN VARIOUS TYPES OF SAFETY EQUIPMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,091,968

Investment Income $457,935

Other Revenue $365

TOTAL REVENUE $6,550,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,766,547

Fundraising Expenses $0

Program Expenses $2,747,251

Other Expenses $3,293,927

TOTAL EXPENSES $5,060,474

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,550,268	$9,060,145	-0.3%
Expenses	$5,060,474	$5,531,312	-0.1%
Net Income	$1,489,794	$3,528,833	-0.6%

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

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

Total Directors

$326,100

Key Employees

$322,224

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GILCHRIST	TRUSTEE	2.00	Director	$0	$0	$0
TOM HALPIN	TRUSTEE	2.00	Director	$0	$0	$0
BILL HERSHMAN	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN MURPHY	TRUSTEE	2.00	Director	$0	$81,231	$326,100
KEITH PRACHNIAK	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK RUBESKI	TRUSTEE	2.00	Director	$0	$0	$0
RYAN DEMERITT	DIRECTOR/PLAN ADMIN	40.00	Key Emp	$241,749	$80,475	$322,224
BART JONES	ADMIN	40.00	Highest	$227,586	$80,475	$308,811
DEREK MARTIN	ADMIN	40.00	Highest	$227,429	$80,475	$307,904
KERRY BISSINGER	ADMIN	40.00	Highest	$128,174	$65,725	$193,899
JULIE MORRIS	ADMIN	40.00	Highest	$128,174	$65,725	$193,899
KATHLEEN M TILDEN	ADMIN	40.00	Highest	$128,174	$65,725	$193,899

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	$6,550,268	$5,060,474	$16,241,850	$1,489,794
2024	$9,060,145	$5,531,312	$14,752,032	$3,528,833
2023	$7,047,258	$4,578,927	$12,957,124	$2,468,331
2022	$4,417,542	$4,319,296	$8,754,790	$98,246
2021	$5,699,271	$3,923,509	$8,656,713	$1,775,762
2020	$3,385,944	$2,905,810	$6,880,707	$480,134
2019	$3,291,919	$2,983,319	$6,400,788	$308,600
2018	$3,540,526	$2,537,490	$6,091,611	$1,003,036

LOCAL UNION 104 OCCUPATIONAL SAFETY HEALTH AND EDUCATION TRUST FUND