INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 688 (EIN 340308347) - 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

1950

Legal Domicile

Principal Officer

BRIAN MCPEEK

Phone

4195264688

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 688, founded in 1950, is a small nonprofit that reported $552K in total revenue in fiscal year 2024.

Mission

TO ORGANIZE WORKERS IN ORDER TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH NEGOTIATIONS AND COLLECTIVE BARGAINING

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $540,556

Investment Income $7,240

Other Revenue $3,956

TOTAL REVENUE $551,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,102

Fundraising Expenses $0

Other Expenses $300,191

TOTAL EXPENSES $595,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,752	$549,536	+0.0%
Expenses	$595,293	$539,414	+0.1%
Net Income	$-43,541	$10,122	-5.3%

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

$281,718

Total Directors

$133,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNIE HANKINS	PRESIDENT	1.00	Officer Director	$662	$0	$662
BRIAN MCPEEK	BUSINESS MAN	40.00	Officer	$103,492	$44,815	$148,307
JARRETT EAGLESTON	SECRETARY	1.00	Officer Director	$1,088	$0	$1,088
JOHN REYNA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID CARNES	TREASURER	40.00	Officer Director	$86,846	$44,815	$131,661
DANE HART	EXECUTIVE BO	1.00	Director	$0	$0	$0
TYLER CLINGAN	EXECUTIVE BO	1.00	Director	$0	$0	$0
JOSH LEWIS	EXECUTIVE BO	1.00	Director	$0	$0	$0
MARK KARBULA	EXECUTIVE BO	1.00	Director	$0	$0	$0
KYLE SNOW	EXECUTIVE BO	1.00	Director	$0	$0	$0
ZACHARY NEUBECK	EXECUTIVE BO	1.00	Director	$0	$0	$0
ERIC RUFFNER	EXECUTIVE BO	1.00	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
2024	$551,752	$595,293	$253,237	$-43,541
2023	$549,536	$539,414	$297,628	$10,122
2022	$532,596	$509,590	$286,656	$23,006
2021	$539,959	$512,556	$263,650	$27,403
2020	$442,370	$466,741	$236,247	$-24,371
2019	$543,193	$493,718	$260,618	$49,475
2018	$525,629	$469,591	$213,340	$56,038

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 688