IBEW LOCAL UNION #229 (EIN 230724606) - 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

1918

Legal Domicile

Principal Officer

THOMAS HENCHEY

Phone

7178438368

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL UNION #229, founded in 1918, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 8% surplus.

Mission

TO PROTECT MEMBERS' RIGHTS

🔒

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 $959,252

Investment Income $78,670

Other Revenue $56,486

TOTAL REVENUE $1,094,408

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $518,791

Fundraising Expenses $0

Program Expenses $811,757

Other Expenses $452,794

TOTAL EXPENSES $1,011,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,408	$943,269	+0.2%
Expenses	$1,011,585	$933,559	+0.1%
Net Income	$82,823	$9,710	+7.5%

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

$260,741

Total Directors

$386,389

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WILLIS	ASSISTANT BUSINESS MGR/EXE	40.00	Officer Director	$83,913	$40,955	$124,868
ROBERT FERREE	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DAMION KROUT	VICE PRESIDENT	2.00	Director	$0	$0	$0
ISRAEL MOYA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JACOB OSTROM	PRESIDENT	2.00	Officer Director	$600	$0	$600
TOM HENCHEY	BUSINESS MANAGER	40.00	Officer Director	$93,468	$40,955	$134,423
GREG HOFSTRAND	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DEREK HEVENER	EXAMINING BOARD	2.00	Director	$0	$0	$0
BRENTON VAN DER TOORN	EXAMINING BOARD	2.00	Director	$0	$0	$0
EDSON MORALES	EXECUTIVE BOARD	2.00	Director	$84,693	$40,955	$125,648
THOMAS HAMILTON	RECORDING SECRETARY	2.00	Officer Director	$600	$0	$600
CHRIS SIFORD	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
AARON SWIFT	TREASURER	2.00	Officer Director	$250	$0	$250
JONAH ROHRBAUGH	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
COREY HARRISON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SCOTT BRENEMAN	EXAMINING BOARD	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$1,094,408	$1,011,585	$4,659,023	$82,823
2023	$943,269	$933,559	$4,482,011	$9,710
2022	$866,184	$1,148,405	$4,440,853	$-282,221
2021	$968,836	$927,169	$5,048,623	$41,667
2020	$986,997	$994,714	$4,907,654	$-7,717
2019	$1,830,255	$927,235	$4,881,782	$903,020

IBEW LOCAL UNION #229