INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 LOCAL (EIN 240620051) - 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

1899

Legal Domicile

Principal Officer

MICHAEL MCDERMOTT

Phone

5703445711

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 LOCAL, founded in 1899, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 5% surplus.

Mission

THE FUND PROVIDES ADMINISTRATIVE SUPPORT TO THE ELECTRICAL TRADE MEMBERS WITHIN ITS LOCAL AREA.

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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 $1,234,366

Program Service Revenue $0

Investment Income $58,311

Other Revenue $0

TOTAL REVENUE $1,292,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,323

Fundraising Expenses $0

Other Expenses $560,992

TOTAL EXPENSES $1,223,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,292,677	$1,122,936	+0.2%
Expenses	$1,223,315	$1,165,450	+0.0%
Net Income	$69,362	$-42,514	-2.6%

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

$341,446

Total Directors

$290,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD O'DONNELL	PRESIDENT	34.00	Officer Director	$97,274	$47,838	$145,112
PATRICK HARTMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM BAKER	DIRECTOR	1.00	Director	$0	$0	$0
RANDOLPH GREENIP	RECORDING SECRETARY	2.00	Officer Director	$840	$0	$840
JEFF ADDLEY TO 42023	DIRECTOR	1.00	Director	$0	$0	$0
KRIS LANCE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS WAITULAVICH	DIRECTOR	39.00	Director	$96,854	$47,825	$144,679
ROBERT PALMITESSA	DIRECTOR	1.00	Director	$0	$0	$0
KYLE COMSTOCK FROM 423	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCDERMOTT	BUSINESS MANAGER	34.00	Officer	$129,460	$60,034	$189,494
PATRICK HARDING	TREASURER	5.00	Officer	$6,000	$0	$6,000

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	$1,292,677	$1,223,315	$3,259,176	$69,362
2022	$1,122,936	$1,165,450	$3,204,605	$-42,514
2021	$1,297,124	$1,087,304	$3,240,860	$209,820
2020	$932,198	$1,025,202	$3,019,431	$-93,004
2019	$1,159,671	$1,021,763	$3,105,895	$137,908
2018	$1,469,777	$1,011,725	$2,946,041	$458,052

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 0081 LOCAL