INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #98 (EIN 230724610) - 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

1901

Legal Domicile

Principal Officer

MARK LYNCH

Phone

2155635592

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #98, founded in 1901, is a mid-sized nonprofit that reported $38.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.9M, a strong 28% operating margin.

Mission

LABOR UNION ORGANIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,599,440

Investment Income $2,445,301

Other Revenue $599,907

TOTAL REVENUE $38,644,648

Expense Breakdown

Grants Paid $1,729,446

Salaries & Benefits $10,499,401

Fundraising Expenses $0

Other Expenses $7,721,537

TOTAL EXPENSES $27,716,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,644,648	$33,592,773	+0.2%
Expenses	$27,716,306	$25,649,142	+0.1%
Net Income	$10,928,342	$7,943,631	+0.4%

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

N/A

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

$2,462,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LYNCH	BUSINESS MANAGER/FIN. SEC.	56.00	Officer	$287,919	$175,413	$463,332
JAMES SNYDER	EXECUTIVE BOARD	50.00	Officer	$235,673	$139,197	$374,870
ZACHARY GNIEWOZ	EXECUTIVE BOARD (P)	50.00	Officer	$233,882	$150,658	$384,540
JAMES FOY	PRESIDENT	48.00	Officer	$222,985	$136,561	$359,546
ROBERT GORMLEY	EXECUTIVE BOARD	48.00	Officer	$222,200	$133,602	$355,802
FRANCIS MCDADE JR	EXECUTIVE BOARD	48.00	Officer	$220,505	$135,172	$355,677
BRIAN BURROWS	PRESIDENT (P)	48.00	Officer	$71,387	$43,166	$114,553
TODD NEILSON	EXECUTIVE BOARD (P)	48.00	Officer	$29,670	$17,635	$47,305
MICHAEL MAGEE	EXECUTIVE BOARD	1.00	Officer	$1,372	$674	$2,046
GABRIELLE EDWARDS	RECORDING SECRETARY	1.00	Officer	$1,145	$354	$1,499
MICHAEL GUMMEL	TREASURER	1.00	Officer	$845	$345	$1,190
MICHAEL MASCULLI	RECORDING SECRETARY (P)	1.00	Officer	$600	$0	$600
DANIEL WOLFE	EXECUTIVE BOARD	1.00	Officer	$526	$329	$855
DOMINICK BASCIANO	VICE PRESIDENT	1.00	Officer	$240	$0	$240
TIMOTHY J BROWNE	VICE PRESIDENT (P)	1.00	Officer	$200	$0	$200
GEORGE WALKER	DIRECTOR OF ORGANIZING	50.00	Highest	$234,756	$140,805	$375,561
ROBERT BARK	BUSINESS REPRESENTATIVE	48.00	Highest	$224,782	$135,172	$359,954
ANTHONY SABO	CHIEF OF STAFF	48.00	Highest	$222,493	$133,865	$356,358
CHRISTINE BOTT	FINANCIAL OFFICE	46.00	Highest	$220,027	$129,226	$361,253
ROBERT THOMPSON	BUSINESS REPRESENTATIVE	48.00	Highest	$219,418	$135,172	$354,590

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	No data	No data	No data	No data
2023	$38,644,648	$27,716,306	$102,933,215	$10,928,342
2022	$33,592,773	$25,649,142	$92,157,512	$7,943,631
2021	$35,958,828	$26,672,436	$84,076,820	$9,286,392
2020	$32,392,813	$25,546,608	$73,828,701	$6,846,205
2019	$33,206,778	$25,151,830	$66,038,799	$8,054,948
2018	$32,237,434	$24,590,089	$56,937,573	$7,647,345

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #98