LOCAL 103 IBEW EDUCATIONAL CORP

EIN: 222979998 501(c)(3)

DORCHESTER, MA

Total Revenue
$1,572,750
Total Expenses
$1,698,818
Total Assets
$24,471,793
Net Assets
$15,013,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MA
Principal Officer
KEVIN W MONAHAN
Phone
6174365150
Tax Period
2024-01-01 to 2024-12-31

LOCAL 103 IBEW EDUCATIONAL CORP, founded in 1989, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Net assets of $15.0M represent 115 months of operating reserves.

Mission

LOCAL 103, I.B.E.W. EDUCATIONAL CORPORATION PROVIDES A SCHOOL (STATE OF THE ART TRAINING FACILITY) FOR THE MEMBERS OF THE LOCAL 103, I.B.E.W.TO MAINTAIN AND IMPROVE THEIR TRADE SKILLS IN THE ELECTRICAL AND TELECOMMUNICATION INDUSTRY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $1,572,750
TOTAL REVENUE $1,572,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $435,903
Other Expenses $1,698,818
TOTAL EXPENSES $1,698,818

Year-over-Year Comparison

2024 2023 Change
Revenue $1,572,750 $1,566,658 +0.0%
Expenses $1,698,818 $924,862 +0.8%
Net Income $-126,068 $641,796 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
6
$1,216,433
Total Directors
15
$2,730,768
Key Employees
1
$255,547
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS J ANTONELLIS BUSINESS MANAGER 2.00
Officer Director
$0 $77,792 $340,484
KEVIN W MONAHAN TREASURER 2.00
Officer Director
$0 $71,257 $280,280
ROBERT SHEEHAN PRESIDENT 0.50
Officer Director
$0 $71,257 $279,035
JAMES FLEMING RECORDING SECRETARY 2.00
Officer Director
$0 $71,257 $278,289
PHIL DECOLA VICE PRESIDENT 0.50
Director
$0 $7,492 $26,383
MICHAEL DONAHUE EXECUTIVE BOARD 0.50
Director
$0 $8,589 $25,621
KEITH STEARN BUSINESS AGENT 0.50
Director
$0 $71,257 $271,668
FRANK AIKENS BUSINESS AGENT 0.50
Director
$0 $71,257 $272,315
JAMES FRASIER BUSINESS AGENT 0.50
Director
$0 $71,257 $272,315
BRIAN SHARPE EXECUTIVE BOARD 0.50
Officer Director
$0 $6,298 $20,771
RENEELEONA DOZIER BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
BERNARD SHARPE BUSINESS AGENT 1.00
Director
$0 $71,257 $272,315
BRIAN O'CONNOR EXECUTIVE BOARD 1.00
Director
$0 $15,892 $47,509
DANIEL DALY EXECUTIVE BOARD 1.00
Director
$0 $10,176 $31,750
JOHN KELLY EXECUTIVE BOARD 1.00
Director
$0 $13,346 $39,718
JEFF SHEEHAN EXECUTIVE BOARD 0.50
Officer
$0 $4,969 $17,574
BOB BONNANO FACILITIES MANAGER 0.50
Key Emp
$0 $71,257 $255,547
GARY WALKER BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
RAYMOND VINTON BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
RICH ANTONELLIS BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
DAVID O'LOUGHLIN BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
TIM LONG BUSINESS AGENT 0.50
Highest
$0 $71,257 $272,315
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 $1,572,750 $1,698,818 $24,471,793 $-126,068
2023 $1,566,658 $924,862 $24,710,718 $641,796
2022 $1,390,293 $1,049,717 $15,229,324 $340,576
2021 $1,282,957 $1,179,046 $14,920,195 $103,911
2020 $1,040,501 $790,086 $14,936,832 $250,415
2019 $786,864 $831,819 $14,744,053 $-44,955
2018 $1,104,434 $952,191 $14,649,291 $152,243
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