INTERNATIONAL BROTHERHOOD OF ELEC … - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

MATT COWIE

Phone

4124321125

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNDEREMP SUBST, founded in 1976, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $404K exceeded revenue, resulting in a 63% operating deficit.

Mission

FUNDS AVAILABLE TO THE 550 ACTIVE UNION MEMBERS IN THE FORM OF EMPLOYEE BENEFITS AS JURY DUTY, SAFETY SHOES, AND SUPPLEMENTAL UNEMPLOYMENT BENEFITS.

Program Service Accomplishments

Program 1

FUNDS AVAILABLE TO THE 550 ACTIVE UNION MEMBERS IN THE FORM OF EMPLOYEE BENEFITS AS JURY DUTY, SAFETY SHOES, AND SUPPLEMENTAL UNEMPLOYMENT BENEFITS.

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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 $127,829

Investment Income $119,946

Other Revenue $0

TOTAL REVENUE $247,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $52,896

TOTAL EXPENSES $404,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,775	$412,848	-0.4%
Expenses	$404,391	$237,062	+0.7%
Net Income	$-156,616	$175,786	-1.9%

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

N/A

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

Total Directors

$400,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK E TELESZ JR THRU 72023	TRUSTEE	3.00	Director	$0	$0	$85,767
ROBERT J BRUCE	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL D ROBINSON JR	TRUSTEE	3.00	Director	$0	$0	$0
JOHN A KOCHANOWSKI THRU 72023	TRUSTEE	3.00	Director	$0	$0	$70,822
MATT COWIE AS OF 82023	TRUSTEE	3.00	Director	$0	$0	$135,082
DECLAN M PAPE AS OF 82023	TRUSTEE	3.00	Director	$0	$0	$109,265

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	$247,775	$404,391	$5,063,003	$-156,616
2022	$412,848	$237,062	$5,144,241	$175,786
2021	$879,256	$75,763	$5,210,257	$803,493
2020	$567,445	$125,606	$4,316,304	$441,839
2019	$655,193	$60,927	$3,768,677	$594,266
2018	$440,277	$79,222	$2,917,859	$361,055

INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNDEREMP SUBST