INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #56 (EIN 251064498) - 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

1897

Legal Domicile

Phone

8148255505

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #56, founded in 1897, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $929K left a modest 14% surplus.

Mission

LABOR UNION - THIS ORGANIZATION WORKS TOWARD THE BETTERMENT OF CONDITIONS, IMPROVEMENT OF PRODUCTIVITY, AND DEVELOPMENT OF A HIGHER DEGREE OF EFFICIENCY AMONG THE MEMBERS OF LOCAL UNION 56

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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 $967,835

Program Service Revenue $0

Investment Income $19,733

Other Revenue $97,604

TOTAL REVENUE $1,085,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,405

Fundraising Expenses $0

Other Expenses $629,353

TOTAL EXPENSES $928,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,085,172	$1,136,502	0.0%
Expenses	$928,758	$731,777	+0.3%
Net Income	$156,414	$404,725	-0.6%

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

$281,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NUBER JR	BUSINESS MANAGER	40.00	Officer	$94,181	$49,914	$144,095
RYAN MCCHESNEY	PRESIDENT	1.00	Officer	$1,281	$726	$2,007
MATTHEW FUHRMAN	VICE PRESIDENT - PRIOR	40.00	Officer	$86,915	$45,309	$132,224
JAHI SAUNDERS	TREASURER	1.00	Officer	$300	$47	$347
SEAN WAY JR	RECORDING SECRETARY	1.00	Officer	$799	$188	$987
BRYCE BRETER	EXECUTIVE BOARD - PRIOR	1.00	Officer	$195	$47	$242
DOUGLAS COBURN	EXECUTIVE BOARD - PRIOR	1.00	Officer	$280	$0	$280
CARL HALL	EXECUTIVE BOARD	1.00	Officer	$260	$0	$260
ADAM ROSSI	EXECUTIVE BOARD	1.00	Officer	$440	$0	$440
GREGORY SCHNARS	EXECUTIVE BOARD	1.00	Officer	$280	$0	$280
TERRY BAKER JR	EXAMINING BOARD	1.00	Officer	$0	$0	$0
ERIC WYGANT	EXAMINING BOARD	1.00	Officer	$0	$0	$0
GERALD HAIBACH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JACOB VANDERVOLGEN	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
BRENT BRICKER	EXEC BOARD / ASST BUS MGR	1.00	Officer	$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
2024	$1,085,172	$928,758	$2,666,223	$156,414
2022	$940,768	$756,906	$2,055,647	$183,862

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #56