LOCAL UNION 94 IBEW (EIN 223314988) - 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

1994

Legal Domicile

Principal Officer

ADAM NEUMAN

Phone

6094269702

Tax Period

2025-01-01 to 2025-12-31

LOCAL UNION 94 IBEW, founded in 1994, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 22% operating margin.

Mission

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,690,671

Investment Income $1,214,994

Other Revenue $-32,462

TOTAL REVENUE $4,873,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,726,672

Fundraising Expenses $0

Other Expenses $1,983,970

TOTAL EXPENSES $3,808,951

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,873,203	$3,857,789	+0.3%
Expenses	$3,808,951	$3,979,596	0.0%
Net Income	$1,064,252	$-121,807	-9.7%

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

3871

Independent Members

3871

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

$269,973

Total Directors

$79,235

Key Employees

$779,224

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CHECKLEY	PAST PRESIDE	40.00		$209,907	$20,973	$230,880
ADAM NEUMAN	PRESIDENT	40.00	Officer	$190,237	$19,007	$209,244
JOSEPH DAVIS	BUSINESS AGE	40.00	Key Emp	$177,110	$17,696	$194,806
MICHAEL LANGHAM	BUSINESS AGE	40.00	Key Emp	$177,110	$17,696	$194,806
DAVE SCOTT	BUSINESS AGE	40.00	Key Emp	$177,110	$17,696	$194,806
ERIC PORT VLIET	BUSINESS AGE	40.00	Key Emp	$177,110	$17,696	$194,806
SHAWN SAWICKI	TREASURER	40.00	Officer	$21,978	$0	$21,978
JAMES O'LEARY	FINANCIAL SE	40.00	Officer	$20,885	$0	$20,885
EDWARD CODY	EXECUTIVE BO	5.00	Director	$16,910	$0	$16,910
MICHAEL BUTLER	EXECUTIVE BO	5.00	Director	$11,276	$0	$11,276
STEVEN HAGGERTY	RECORDING SE	40.00	Officer	$11,135	$0	$11,135
STEPHEN SUHAY	EXECUTIVE BO	5.00	Director	$9,797	$0	$9,797
JOHN HUNT	EXECUTIVE BO	5.00	Director	$8,033	$0	$8,033
ANTHONY COPPOLA	EXECUTIVE BO	5.00	Director	$7,195	$0	$7,195
SEAN CANTRELL	EXECUTIVE BO	5.00	Director	$6,954	$0	$6,954
MICHAEL DOWNEY	VICE PRESIDE	40.00	Officer	$6,731	$0	$6,731
GOLAD KEVIN	EXECUTIVE BO	5.00	Director	$6,574	$0	$6,574
BOBROWSKI STANLEY	EXECUTIVE BO	5.00	Director	$6,368	$0	$6,368
MICHAEL MULLANE	EXECUTIVE BO	5.00	Director	$6,128	$0	$6,128

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	$4,873,203	$3,808,951	$6,006,202	$1,064,252
2024	$3,857,789	$3,979,596	$5,731,505	$-121,807
2023	$3,545,027	$3,920,745	$5,848,868	$-375,718
2022	$3,560,772	$3,707,308	$6,001,272	$-146,536
2021	$3,276,698	$3,517,457	$6,959,129	$-240,759
2020	$3,909,243	$3,345,008	$6,787,586	$564,235
2019	$3,434,338	$3,393,463	$6,075,185	$40,875
2018	$3,370,720	$3,331,014	$5,254,311	$39,706

LOCAL UNION 94 IBEW